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Displaying items tagged: Michigan Strategic Fund

Tuesday, 27 September 2022 12:51

State board takes first step to approve $225M bond for potash mining facility

The Michigan Strategic Fund has taken an initial step in approving a $225 million bond for a company pursuing a large-scale potash mining operation in Osceola County.

Published in Food/Agribusiness
Tuesday, 26 July 2022 13:02

Gentex lands state incentives for $300M expansion already underway

ZEELAND — Tier 1 automotive supplier Gentex Corp. has received roughly $11.2 million in state grants and tax incentives for a $300 million expansion project that started in January and could create up to 500 jobs when it’s completed at the end of next year.

Published in Manufacturing
Tuesday, 24 May 2022 11:00

State grant funding to support JR Automation’s $10M Holland expansion

HOLLAND — State economic development officials have approved grant funding to support an automation manufacturer’s $10 million expansion at the site of a longtime Holland steel fabricator that closed during the COVID-19 pandemic.

Published in Manufacturing

Tuesday, 03 August 2021 16:39

Whirlpool hopes to attract, retain talent with workforce housing project

BENTON HARBOR — Whirlpool Corp. has broken ground on a $22 million multifamily housing development near downtown Benton Harbor that officials say will help fill gaps in workforce housing availability.

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
Tuesday, 23 March 2021 17:17

MSF approves incentives for 3 West Michigan mixed-use developments

State economic development officials on Tuesday approved brownfield incentives and performance based loans for three mixed-use apartment projects in Grand Rapids, Kalamazoo and Middleville. 

Wednesday, 24 February 2021 09:20

5-story Holland condo project approved for $2.2M in brownfield incentives

HOLLAND — A luxury five-story residential and commercial building planned in Holland received approval Tuesday from the Michigan Strategic Fund board for $2.2 million in brownfield incentives. 


Wednesday, 27 January 2021 10:48

Grand Haven’s Peerless Flats development secures $4.75M loan, additional incentives

GRAND HAVEN — A planned 124-unit apartment development in Grand Haven has been approved for a Michigan Community Revitalization Program loan for $4.75 million along with $1.38 million in brownfield incentives.

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

Monday, 21 December 2020 14:03

State, federal lawmakers reach agreement on COVID-19 relief packages

State and federal lawmakers have each reached consensus on COVID-19 relief that will support small businesses like restaurants and venues still confronting pandemic-related restrictions.

Published in Economic Development
Thursday, 17 December 2020 14:42

Perrigo seeks $4.1M in tax incentives for planned GR headquarters; Holland expansion moves forward

GRAND RAPIDS — Perrigo Co. plc is seeking a 12-year incentive agreement estimated at $4.1 million in total property tax savings for its plans to relocate its North American headquarters to downtown.

Published in Economic Development
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

Thursday, 10 December 2020 17:14

New $200M fund builds on prior success, to include focus on minority-owned businesses

A new $200 million fund to support growing businesses in Michigan intends to direct half of the capital it raises to financing minority-owned companies.

Published in Finance
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 18:15

Reporter's Notebook: Getting to know you

Raising capital for a startup company is never easy, though there are steps entrepreneurs with a dream and a vision can take to help their cause.

Published in Finance

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
Sunday, 08 November 2020 19:20

MSU officials see close alignment with Perrigo’s planned GR headquarters

 GRAND RAPIDS — Perrigo Co. plc’s planned North America headquarters in downtown Grand Rapids adds a major new player to the Medical Mile academic, research and health care cluster as well as a potential new partner for Michigan State University.

Published in Health Care
Tuesday, 27 October 2020 16:44

Perrigo CEO sees Grand Rapids Medical Mile as potential ‘Silicon Valley of self-care’

GRAND RAPIDS — Executives at Perrigo Co. plc believe the company’s new North American headquarters will fit in neatly with the city of Grand Rapids’ burgeoning health care sector along Medical Mile. 

Published in Economic Development

Sunday, 11 October 2020 16:38

State-backed seed capital fund hits the ground running

A new capital fund seeded with state money got off to a quick start and has made investments in a half dozen young technology companies since launching two months ago.

Published in Finance
Sunday, 27 September 2020 08:55

MiBiz Growth Report: September 27, 2020

Here is the MiBiz Growth Report for September 27, 2020.

Published in Economic Development
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, 13 September 2020 17:51

GR nonprofits seek land bank properties, state legislation to grow affordable housing stock

GRAND RAPIDS — Local housing nonprofits are beginning to vet dozens of vacant properties made available through the state’s Land Bank Authority in an effort to fill the city’s need for affordable housing.

Thursday, 03 September 2020 13:08

Bipartisan bills seek pilot program, tax incentive for community developments

LANSING — A bipartisan bill package in the state Legislature would create a pilot program and new tax incentive to promote affordable housing, business development and blight elimination projects in economically distressed areas of Michigan.

Published in Economic Development
Tuesday, 25 August 2020 14:21

State approves $4.4 million in tax incentives for downtown GR development

GRAND RAPIDS — The Michigan Strategic Fund board has approved brownfield tax incentives totaling $4.4 million for the renovation of the Vandenberg Center in downtown Grand Rapids to transform the underutilized properties.


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, 10 August 2020 15:30

Thousands seek small biz pandemic relief grants in West Michigan

Nearly 4,000 small businesses across a 13-county region of West Michigan have applied for state pandemic relief grants.

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

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