Backed by an infusion of $55 million in federal funds, Lansing-based Michigan Community Capital plans to continue investing in mixed-income housing projects across the state.
Initially seeded with state money seven years ago to provide financing to growing Michigan-based businesses, Grow Michigan LLC expects to begin seeking investors for a second fund totaling nearly $60 million.
A partnership headed by Portage-based Hollander Development Corp. plans to transform a vacant lot in Kalamazoo into a new mixed-use building under a proposal that secured state backing.
A project to construct townhomes in the city’s Michigan Oaks neighborhood gained financial support from the state on Tuesday.
PLAINFIELD TOWNSHIP — A maker of sugar-free candies will invest $2.3 million to expand its operations north of Grand Rapids.
KALAMAZOO — Recycler Schupan & Sons Inc. plans to invest $10.1 million into expansions at a pair of locations in Southwest Michigan.
Smaller public universities in Michigan will have to come up with less matching funding to secure state grants that support startup companies coming out of research labs.
The Michigan Strategic Fund steered additional money into two capital funds that support high-tech startups and growing small businesses in the state.
The Invest Michigan Pre-Seed Fund II received $3 million to invest in startups through loans or equity. Grow Michigan LLC will receive $9.6 million for a second mezzanine-style fund that will provide loans to growing small businesses.