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Displaying items by tag: Michigan Economic Development Corp

Friday, 11 December 2020 14:57

State to open $10M grant program for small biz hampered by COVID-19 restrictions

The Michigan Economic Development Corp. announced Friday that it would soon start accepting applications for up to $15,000 relief grants from small businesses “disproportionately impacted” by COVID-19 pandemic restrictions.

Published in Small Business
Tuesday, 08 December 2020 13:04

Acrisure’s $33M relocation to Studio Park ‘on track’ for early 2021

GRAND RAPIDS — Acrisure LLC expects to complete its new global headquarters in downtown Grand Rapids’ Studio Park in the first quarter of 2021.

Sunday, 06 December 2020 18:00

MEDC pilot program seeks to connect corporate purchasers with small biz during holidays

Calls to support small businesses during the holiday shopping season have perhaps never been louder than this year.

Published in Small Business

Sunday, 06 December 2020 17:00

9 Projects to watch in West Michigan

The COVID-19 pandemic has brought ups and downs for West Michigan’s construction industry — activity and competition has increased in areas like school bond projects, while the hospitality and office sectors saw major slowdowns.

Monday, 30 November 2020 17:05

Michigan Strategic Fund approves $10M pandemic relief program for small businesses

The Michigan Strategic Fund has approved a $10 million COVID-19 relief grant program for small businesses that were harmed by recent state restrictions affecting restaurants and entertainment facilities.

Published in Small Business
Tuesday, 24 November 2020 17:33

State resilience fund provides $1.5M boost to more than 300 small businesses

Gov. Gretchen Whitmer met virtually today with small business owners who received support from a state grant program and discussed the importance that additional federal support would have on their businesses. 

Published in Small Business


Sunday, 11 October 2020 19:00

West Michigan Food Processing Association helps companies tackle COVID-19 challenges

Under the guidance of Executive Director Marty Gerencer, the West Michigan Food Processing Association incorporated as a 501(c)(6) in February with a multi-pronged approach to support the food industry across a five-county region.

Published in Food/Agribusiness
Sunday, 11 October 2020 17:40

With limited funding restored, Pure Michigan shifts focus to fall and winter tourism

The Pure Michigan campaign that touts the state as a travel destination should return soon to spur fall and winter travel and help tourism-reliant small businesses that were hit hard this summer by the COVID-19 pandemic.

Published in Small Business
Wednesday, 07 October 2020 13:13

Agriculture relief grants come at ‘critical time’ for farms, food processors

Dozens of Michigan farms and food processors have been awarded $15 million in COVID-19 relief grants to create safer work conditions for employees and protect the food industry as a whole, state officials announced Wednesday.

Published in Food/Agribusiness

Tuesday, 29 September 2020 13:42

State COVID-19 relief grants reach thousands of West Michigan small businesses

Thousands of small businesses across West and Southwest Michigan have received grant funding from a state COVID-19 relief program.

Published in Small Business
Tuesday, 22 September 2020 15:27

Gerber secures Renaissance Zone for $36 million Fremont expansion

FREMONT — The Michigan Strategic Fund has approved a 10-year Renaissance Zone tax abatement for Gerber Products Co.’s $36 million expansion at its Fremont facility.

Published in Economic Development
Sunday, 30 August 2020 18:41

Standards ‘very high’ for Transformational Brownfield funding tool

GRAND RAPIDS — A tax incentive the city of Grand Rapids and an Indianapolis developer unsuccessfully pursued to transform publicly owned riverfront property has only been used twice in Michigan.

Published in Economic Development


Sunday, 30 August 2020 18:28

Michigan Israel Business Accelerator’s new initiative to help local companies harness innovation

In a business climate in which manufacturers are pressured to stay up on the latest technology, there is little wonder why Michigan-based companies might look to Israel for best practices.

Published in Manufacturing
Sunday, 16 August 2020 17:30

New business applications in Michigan skyrocket during pandemic

As the COVID-19 pandemic battered Michigan’s economy through the spring and early summer, the number of people forming their own businesses grew exponentially.

Published in Small Business
Monday, 20 July 2020 15:40

MEDC opens $1.25M in pandemic relief grants for small farms

The Michigan Economic Development Corp. is launching $1.25 million in grant funding for to help small farms mitigate pandemic-related costs.

Published in Food/Agribusiness

Wednesday, 15 July 2020 04:54

State launches $115M grant program for small biz, agriculture relief

A pair of state grant funds totaling $115 million launches today as another source of financial assistance for small businesses hurt by the COVID-19 pandemic.

Published in Small Business
Wednesday, 08 July 2020 04:46

Michigan’s tribes add $288.8 million to state economy via non-gaming businesses

As they’ve taken steps to diversify their revenues away from casinos in recent years, Michigan’s Native American tribes have built growing business ventures that in 2019 contributed nearly $288.8 million to the state economy. 

Published in Economic Development
Tuesday, 07 July 2020 12:20

MEDC to deploy $115 million in grants for small businesses affected by COVID-19

The Michigan Economic Development Corp. plans to launch new grant funds next week totaling $115 million to provide financial assistance to small businesses, farms and agricultural processors recovering from the effects of the COVID-19 pandemic.

Published in Small Business

Sunday, 21 June 2020 17:36

Kildee, Upton push $50.5B federal aid package for small businesses

Two Michigan congressmen behind legislation that would create a $50.5 billion relief fund for small businesses nationwide hope to get it included in the next federal aid package that may come before Congress this summer.

Published in Small Business
Sunday, 21 June 2020 16:22

Kent County commits $25M to small business recovery assistance grants

Forming a relief fund to aid small businesses hurting from the COVID-19 pandemic was an early idea Kent County commissioners pursued when they began considering two months ago what to do with $114.6 million in federal aid funding. 

Published in Small Business
Thursday, 11 June 2020 12:52

MEDC awards $4.3M in COVID-19 relief loans

The Michigan Economic Development Corp. has awarded $4.3 million in low-interest relief loans to 74 small businesses statewide affected by the COVID-19 pandemic.

Published in Small Business

Sunday, 07 June 2020 18:50

Pandemic forces mobility firms to pivot, renew focus on rider safety

Shared transit presents unprecedented risks as communities and businesses around the state reopen and people come out of isolation following a months-long shut down because of the COVID-19 pandemic. 

Published in Manufacturing
Sunday, 07 June 2020 18:00

PENT-UP DEMAND: Battling COVID-19, cancellations and high water, lakeshore communities hope tourism rebounds

Plagued by high water, COVID-19 business closures and canceled festivals, officials in lakeshore communities are developing plans to bring visitors back to restaurants and lodging in hopes of tourists’ return this summer. 

Published in Economic Development
Sunday, 07 June 2020 17:00

‘TREMENDOUS WIN:’ Tetra Therapeutics’ sale offers healthy returns for investors, validation for local ecosystem

GRAND RAPIDS — Tetra Therapeutics Inc.’s sale to a Japanese pharmaceutical company provides a final pathway toward bringing to market potential new drugs to treat Alzheimer’s disease and a form of autism, as well as generates a handsome return for financial backers.

Published in Finance

Thursday, 04 June 2020 13:45

MEDC crowdfunding program matches donations to small businesses

LANSING — More than 100 small businesses across the state can use the Michigan Economic Development Corp.’s crowdfunding platform throughout June, gaining access to a matching grant from the MEDC of up to $5,000.

Published in Small Business
Tuesday, 19 May 2020 17:25

State board approves funding for Lansing mixed-use project, Cass County public improvements

The Michigan Strategic Fund approved financing today for a range of economic development initiatives, including brownfield tax incentives for a major mixed-use project in Lansing and public improvements in Cass County.

Thursday, 14 May 2020 12:27

Lakeshore clean energy firm secures $250K accelerator grant

HOLLAND — Jolt Energy Storage Technologies LLC has received $250,000 to further advance its utility-scale energy storage solutions.

Published in Energy

Wednesday, 13 May 2020 15:10

New loan, grant funds set up to aid smaller businesses

New grant funds by the state and in Kalamazoo, as well as a loan fund in Grand Haven, are the latest efforts to provide relief to small businesses hit hard by the COVID-19 pandemic.

Published in Small Business
Sunday, 10 May 2020 12:15

MiBiz Growth Report: May 10, 2020

Here is the MiBiz growth report for May 10, 2020.

Published in Economic Development
Friday, 01 May 2020 17:13

West Michigan small businesses receive $1 million in state funding, ‘staggering’ need

Nearly 200 small businesses in West Michigan that are struggling to survive through the COVID-19 pandemic will receive grant support from the state’s Michigan Small Business Relief Program.

Published in Small Business

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