Displaying items tagged: Michigan Economic Development Corp
‘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.
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.
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.
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.
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.
MiBiz Growth Report: May 10, 2020
Here is the MiBiz growth report for May 10, 2020.
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.
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.
MiBiz Growth Report: April 26, 2020
MiBiz growth report for April 26, 2020.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
MiBiz Growth Report: March 15, 2020
MiBiz Growth Report for March 15, 2020.
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.
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.
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.
‘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.
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.
MiBiz Growth Report: Feb. 2, 2020
This is the growth report for Feb. 2, 2020.
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.
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.
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.