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Displaying items by tag: Michigan Economic Development Corp

Sunday, 26 April 2020 17:51

MSU Foundation to manage state-backed $5.5M pre-seed fund

The Michigan Economic Development Corp. plans to put $3 million into a capital fund that will invest in early-stage technology companies.

Published in Finance
Sunday, 26 April 2020 11:33

MiBiz Growth Report: April 26, 2020

MiBiz growth report for April 26, 2020.

Published in Economic Development
Thursday, 23 April 2020 10:44

Business Leaders for Michigan CEO to retire

The chief executive of Business Leaders for Michigan, a statewide business roundtable of top CEOs and university presidents, plans to retire at the end of the year.

Published in Economic Development

Thursday, 16 April 2020 12:32

MEDC creates stabilization fund for tech startups hit by pandemic

The Michigan Economic Development Corp. created a $3 million fund to aid technology startups affected by the COVID-19 pandemic.

Published in Economic Development
Tuesday, 14 April 2020 17:15

Northern Initiatives to increase small business lending with $2 million infusion from state

The state plans to provide up to $2 million to a Marquette-based small business lender to increase activity across the state.

Published in Finance
Tuesday, 14 April 2020 11:06

MEDC offers grace period for companies that received state incentives

Companies and real estate projects that received state incentives through a grant, loan or equity investment from the Michigan Strategic Fund could get emergency relief under an initiative approved today to ease the economic hardship triggered by the COVID-19 pandemic.

Published in Economic Development

Thursday, 02 April 2020 05:05

MEDC offers grants to manufacturers who retool to make health care supplies

As more manufacturers rapidly shift their operations to produce critical health and human service supplies in response to the COVID-19 outbreak, the state is offering new funding to help offset the cost of retooling. 

Published in Manufacturing
Friday, 27 March 2020 17:09

Stimulus law directs $350B in support for small biz

The historic $2 trillion federal economic stimulus bill signed into law Friday contains $350 billion in loans for small businesses that could transition into grants.

Published in Small Business
Sunday, 29 March 2020 18:05

Property managers take case-by-case approach with commercial tenants affected by pandemic

GRAND RAPIDS — Facility owners and property managers are working with their commercial tenants during a time when most retailers and restaurants have had to severely cut operations.

Friday, 27 March 2020 13:15

Applications now open for Michigan small business grants, loans

Michigan’s loan and grant program for small businesses affected by the coronavirus is now accepting applications, state officials announced today.

Published in Small Business
Tuesday, 24 March 2020 18:33

State requests medical supply donations from residents, businesses

The state now asks businesses and residents to donate essential medical supplies and protective gear to hospitals and other care providers.

Published in Health Care
Thursday, 19 March 2020 11:49

State launches $20 million in small business relief

The state intends to create two funds totaling $20 million to support grants and low-interest loans to small businesses that had to close or have been disrupted by the coronavirus and COVID-19 pandemic.

Published in Small Business

Sunday, 15 March 2020 18:55

West Michigan manufacturers invest in upskilling existing workers

While the labor crisis lingers in West Michigan, manufacturers are spending millions of dollars on upskilling their incumbent employees to keep up with growth. 

Published in Manufacturing
Sunday, 15 March 2020 09:22

MiBiz Growth Report: March 15, 2020

MiBiz Growth Report for March 15, 2020.

Published in Economic Development
Friday, 28 February 2020 04:49

Jedco Inc. gets $1.9 million from the state, plans move

GRAND RAPIDS — Grand Rapids-based Jedco Inc. is expanding and planning to move from its current location.

Wednesday, 19 February 2020 12:46

Legislator: Pure Michigan funds likely coming back soon

GRAND RAPIDS — A state lawmaker expects action in Lansing within the next few weeks to restore funding for the Pure Michigan tourism campaign.

Published in Economic Development
Sunday, 16 February 2020 16:30

West Michigan communities leverage outdoor recreation in placemaking

Muskegon County officials are hoping the possible purchase of 377 acres of private land will increase the quality of life and help with talent attraction.

Published in Economic Development
Sunday, 02 February 2020 16:20

‘A NEW NORMAL’: Declining sportsmen’s dollars upend funding model for nature conservation, outdoor recreation

Michigan’s outdoor recreation industry of today looks much differently than it did a generation ago. 

Published in Economic Development

Sunday, 02 February 2020 16:15

Pure Michigan drives awareness of Michigan’s outdoor rec opportunities

Outdoor recreation has been a staple of the Pure Michigan campaign that began more than a decade ago to promote the state as a travel destination.

Published in Economic Development
Sunday, 02 February 2020 10:00

MiBiz Growth Report: Feb. 2, 2020

This is the growth report for Feb. 2, 2020.

Published in Economic Development
Wednesday, 22 January 2020 14:47

Peterson Farms invests $22 million in expansion

SHELBY — Family-owned fruit processor Peterson Farms Inc. is expanding its operations in Oceana County, north of Muskegon. 

Published in Food/Agribusiness

Tuesday, 21 January 2020 13:04

New Holland Brewing secures last piece of funding for Battle Creek taproom

BATTLE CREEK — New Holland Brewing Co. LLC will begin construction next month on its third brewery and taproom in West Michigan after securing a final funding source from the Michigan Economic Development Corp. 

Sunday, 19 January 2020 17:45

Tourism promoters expect action to restore Pure Michigan funding

A lack of state funding for the popular Pure Michigan campaign that promotes the state as a travel destination complicates plans for tourism promoters now preparing for the 2020 summer season.

Published in Economic Development
Friday, 03 January 2020 12:20

State allocates $7 million in funds to back early-stage entrepreneurs

An assortment of state-backed capital funds and initiatives to support business startups, innovation and entrepreneurs recently earned renewal in Lansing.

Published in Finance

Sunday, 24 November 2019 19:55

Slashing MEDC budget could stall local projects, economic developers warn

GRAND RAPIDS — As the state Legislature continues budget talks, West Michigan economic development executives remain concerned about a $26 million cut to the Michigan Economic Development Corp. budget.

Published in Economic Development
Saturday, 09 November 2019 08:29

Growth Report: Nov. 9, 2019

Here is the growth report for November 9, 2019.

Published in Economic Development
Monday, 28 October 2019 12:07

Aquest Machining plans $1.3 million expansion in Greenville

GREENVILLE — Manufacturer Aquest Machining & Assembly plans to invest an estimated $1.3 million into an expansion of its current location in Greenville.

Published in Manufacturing

Sunday, 27 October 2019 17:30

Local tourism groups advocate for maintaining Pure Michigan funding

HOLLAND — Last year, travelers from all 50 states and 47 countries stopped into the Holland Area Visitors Bureau while visiting the city. 

Published in Economic Development
Sunday, 13 October 2019 16:00

Lakeshore Advantage examines proactive industrial development

ZEELAND — The $70,000 grant Lakeshore Advantage Corp. received this summer will go toward examining one potential solution to a problem resulting from the economic vitality of Ottawa and Allegan counties: a lack of suitable available land for industrial development.

Published in Economic Development
Saturday, 12 October 2019 08:17

Growth Report: October 12, 2019

This is the growth report for Oct. 12.

Published in Economic Development

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