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Displaying items by tag: Michigan Economic Development Corp

Wednesday, 13 October 2021 16:25

Jenison manufacturer invests $9M to keep up with surge in thermal packaging demand

JENISON — To meet surging demand for its products, Cellulose Material Solutions LLC is planning a $9 million investment to add a second production line and an expansion at its existing facility in Jenison.

Published in Manufacturing
Sunday, 10 October 2021 18:30

MEDC ‘comfortable’ after steep drop in tribal revenue sharing during pandemic

Officials at the Michigan Economic Development Corp. say they are moving forward after the organization took a multi-million-dollar hit last year as revenue sharing from tribally owned casinos plummeted during pandemic-related shutdowns.

Published in Economic Development
Thursday, 07 October 2021 10:34

West Michigan economic development groups launch Industry 4.0 campaign

West Michigan economic development organizations have launched a campaign aimed at preparing local manufacturers to adopt Industry 4.0 technology and practices.

Published in Manufacturing

Sunday, 29 August 2021 17:25

$6.5M state investment in Michigan Rise to fuel more startup funding

An additional $6.5 million state investment gives pre-seed fund Michigan Rise more capital to back a strong pipeline of startup companies.

Published in Finance
Tuesday, 24 August 2021 17:30

MEDC leader: State must 'aggressively' focus on retaining, recruiting businesses

Michigan’s new economic chief says the state needs to become more aggressive in retaining and nurturing existing business and seeking investment from outside of the state.

Published in Economic Development
Sunday, 15 August 2021 17:15

Latest Grow Michigan fund fills capital niche for growing businesses

statewide loan fund that provides growth capital to rapidly growing businesses expects to start doing deals soon after agreements with its initial investors have been finalized.

Published in Finance


Sunday, 18 July 2021 17:17

Michigan tribes prepare for millions of dollars in federal COVID-19 aid

Hundreds of millions of dollars in American Rescue Plan funding will pour into Michigan’s federally recognized American Indian tribes, but most are still awaiting final amounts and facing key questions about how to spend the money.

Published in Economic Development
Sunday, 18 July 2021 13:19

Tribal enterprises persist as gaming revenues tank during pandemic

As the COVID-19 pandemic wreaked havoc on tribal casino gaming revenue, officials with the non-gaming economic development arms of several Michigan tribes say their flow of capital and projects largely held steady.

Published in Economic Development
Wednesday, 14 July 2021 16:32

Logistics, data security company breaks ground on $2.8M project in Grand Rapids

GRAND RAPIDS — Logistics and data security company MCPc Inc. broke ground today on its $2.8 million facility that’s expected to bring at least 75 new and existing jobs to the city’s Madison Square neighborhood. 

Published in Economic Development

Sunday, 04 July 2021 17:10

State funding nudges manufacturers into Industry 4.0

As the owner of two West Michigan-based manufacturing operations, Jay Garside is leaning on state resources to usher his businesses along their Industry 4.0 journeys.

Published in Manufacturing
Tuesday, 22 June 2021 13:40

American Axle, Whirlpool secure state incentives for Southwest Michigan expansion projects

Automotive supplier American Axle & Manufacturing Inc. received state backing for an expansion project in Southwest Michigan that could lead to the creation of 100 new manufacturing jobs. 

Published in Manufacturing
Monday, 21 June 2021 12:56

Storage manufacturing company investing $65M in new Walker facility

WALKER — Storage system manufacturer Speedrack Products Group Ltd. is expanding its Michigan operations with a nearly $65 million investment Walker.

Published in Economic Development


Tuesday, 15 June 2021 13:28

Midwest Fastener investing $10.8M in Portage HQ expansion, Decatur operations

PORTAGE — Midwest Fastener Corp. plans to create up to 90 jobs as part of a $10.8 million investment to expand its headquarters and distribution center in Portage and operations in Decatur.

Published in Manufacturing
Sunday, 23 May 2021 18:35

Incoming MEDC leader cites ‘transferrable challenges’ with move to Michigan

Michigan Economic Development Corp. announced a transition in leadership last week that will bring economic development expertise from the bayous of Louisiana to the peninsulas of Michigan.

Published in Economic Development
Sunday, 23 May 2021 18:50

Furniture manufacturers huddle to overcome supply chain challenges

Fragile and inefficient supply chains took center stage throughout the COVID-19 pandemic and have furniture OEMs reevaluating the ways to approach this key component of their operations. 

Published in Manufacturing

Tuesday, 18 May 2021 11:42

MEDC selects New Orleans economic development leader as next CEO

The Michigan Economic Development Corp. has selected Quentin Messer Jr. from New Orleans as its next CEO.

Published in Economic Development
Thursday, 22 April 2021 10:31

Travel Michigan opts for in-state, regional tourism campaign

The Pure Michigan campaign that for 15 years has worked to brand and change perceptions of Michigan will focus on in-state and regional travelers this summer as opposed to a nationwide campaign.

Published in Economic Development
Sunday, 14 March 2021 17:00

Music venue operators in a ‘holding pattern,’ awaiting relief and loosened restrictions

Venue owners celebrated in late December when the $900 billion federal stimulus package was passed and included $15 billion earmarked for live venues. But more than two months have passed and funding applications still haven’t been released, pending guidance from federal officials.

Published in Small Business

Friday, 05 February 2021 11:08

Convention/Arena Authority, city advance plan for GR riverfront amphitheater

GRAND RAPIDS — The Grand Rapids-Kent County Convention/Arena Authority and the city of Grand Rapids have taken another step to advance plans for an outdoor amphitheater on riverfront property near downtown.

Sunday, 31 January 2021 19:21

Grand Haven sees economic development momentum around 3 key projects

GRAND HAVEN — The West Michigan lakeshore town is experiencing a boom in economic development interest as three key properties around the city’s core are eyed for new projects.

Published in Economic Development
Sunday, 31 January 2021 18:14

Efforts underway to improve broadband access in Ottawa, Kent counties

Ottawa County expects to have a better understanding later this year of exactly where gaps exist locally for broadband internet service so it can begin to address the issue.

Published in Economic Development

Sunday, 31 January 2021 16:32

Whitmer, GOP legislature compete over COVID relief funding

Gov. Gretchen Whitmer and Republican lawmakers are squaring off over multi-billion-dollar COVID-19 spending plans that would bolster a vaccine rollout, K-12 schools preparedness and crucial business support.

Published in Economic Development
Monday, 25 January 2021 06:00

Tribally owned professional services group rebrands, expands during pandemic

DOWAGIAC — Seven Generations Group, a professional services portfolio of companies, is rebranding and has also managed to grow its portfolio with the formation of Blue Star Integrative Studio, a full-service architecture firm based in Tulsa, Okla., and the spin off of Kalamazoo-based Steelhead Engineering Co. 

Published in Economic Development
Tuesday, 19 January 2021 15:44

Whitmer’s $5.6 billion COVID recovery plan includes additional business support

Gov. Gretchen Whitmer has unveiled a $5.6 billion pandemic recovery spending plan that primarily uses federal funding to help control the spread of COVID-19, which state officials and economists say is crucial to ensure broader economic recovery.

Published in Economic Development

Sunday, 17 January 2021 18:38

State expects ‘extremely high’ demand for $58.5M in small business COVID-19 relief

The latest state effort to provide financial aid to Michigan small businesses and entertainment venues that are ailing from the COVID-19 pandemic and resulting restrictions has a relatively short application window based on previous demand.

Published in Finance
Thursday, 14 January 2021 13:24

State prepares $58.5 million in relief funding for small biz, entertainment venues

The Michigan Economic Development Corp. plans to open applications next week for the $58.5 million in grant funding to aid small businesses and entertainment venues that were closed or curtailed by the most recent state-ordered restrictions in response to the COVID-19 pandemic.

Published in Small Business
Sunday, 03 January 2021 17:30

Putting pieces together in Manistee

MANISTEE — The lakeshore city of just more than 6,000 people is seeing multiple new downtown developments that local officials and investors say are critical for reinvigorating empty storefronts, diversification and emerging better off after the pandemic.


Sunday, 03 January 2021 15:24

Thelen to lead The Right Place amid economic development ‘inflection point’

GRAND RAPIDS — Randy Thelen describes the COVID-19 pandemic as an “inflection point” that can shift the course of economic development in West Michigan.

Published in Energy
Sunday, 20 December 2020 18:00

MEDC leader sees ‘astronomical’ demand for small business relief

Mark Burton took over the Michigan Economic Development Corp. just days before Gov. Gretchen Whitmer issued her first state of emergency to curb the spread of COVID-19. Since then, the agency’s strategic plan has shifted dramatically. It has overseen 20 programs that delivered more than $170 million in relief funds, including a $10 million small business grant program last week in which demand far exceeded program limits. Burton has worked with Whitmer for years, including as her chief strategist prior to joining the MEDC and as her chief of staff while she served in the Senate.

Published in Economic Development
Thursday, 17 December 2020 16:56

Business groups watching closely as state decision on COVID-19 restrictions looms

The Whitmer administration is expected to announce in the coming days whether to extend, alter or allow state-imposed restrictions on business activity to expire.

Published in Small Business

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