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Displaying items by tag: Michigan Strategic Fund

Tuesday, 26 May 2020 21:35

MiBiz Growth Report: May 27, 2020

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

Published in Economic Development
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.

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

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
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


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
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
Thursday, 19 September 2019 08:35

ITB Packaging plans $3.5 million expansion

HOLLAND — ITB Packaging LLC plans to expand locally with a $3.5 million capital investment and the expected creation of at least 65 new jobs over the next five years.

Published in Manufacturing

Sunday, 04 August 2019 19:29

Charter Capital targets $100 million for new mezz fund

GRAND RAPIDS — A new mezzanine fund based in Grand Rapids seeks to raise $100 million to invest in growing companies, MiBiz has learned.

Published in Finance
Sunday, 04 August 2019 17:35

Vicksburg redevelopment secures state’s 2nd transformational brownfield incentive

VICKSBURG — An ambitious $80 million project to transform a long-vacant Southwest Michigan paper mill moved a step closer to reality after securing a lucrative state incentive. 

Sunday, 14 July 2019 12:05

State-backed program receives $55M in federal funds to invest in housing

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. 



Sunday, 07 July 2019 19:00

Grow Michigan eyes $50M in private investment for second mezz fund

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.

Published in Finance
Tuesday, 21 May 2019 16:44

Mixed-use $14.7 million Kalamazoo Creamery project secures state incentives

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.

Tuesday, 26 February 2019 18:09

Grand Rapids townhome development secures $2 million in state funding

A project to construct townhomes in the city’s Michigan Oaks neighborhood gained financial support from the state on Tuesday.


Tuesday, 18 December 2018 11:22

Hinman’s Grand Rapids hotel project secures $2.1 million in cleanup funds

The developer of a proposed downtown hotel tower received approval today for state cleanup funding.

Sunday, 25 November 2018 19:03

MiBiz Growth Report: Nov. 26, 2018

Here is the MiBiz Growth Report for Nov. 26, 2018.

Published in Articles
Thursday, 15 November 2018 12:23

Dr. John’s candies to expand near Grand Rapids

PLAINFIELD TOWNSHIP — A maker of sugar-free candies will invest $2.3 million to expand its operations north of Grand Rapids.

Published in Food/Agribusiness

Thursday, 15 November 2018 12:19

Schupan & Sons plans $10.1 million expansion

KALAMAZOO — Recycler Schupan & Sons Inc. plans to invest $10.1 million into expansions at a pair of locations in Southwest Michigan.

Published in Manufacturing
Sunday, 11 November 2018 20:02

Rule change opens access for smaller universities to get tech commercialization funding

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.

Published in Economic Development
Sunday, 28 October 2018 15:26

State extends funding to pair of capital funds

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.

Published in Small Business

Wednesday, 03 October 2018 12:18

Michigan Milk Producers Association to expand in SW Michigan

The Michigan Milk Producers Association plans to invest $24 million to expand its existing dairy plant operations in St. Joseph County.

Published in Food/Agribusiness
Tuesday, 24 July 2018 11:53

SpartanNash scales back job creation target needed to secure performance-based state grant

SpartanNash Co. will not meet the original employment projections included in a 2013 state incentive package.

Published in Breaking News
Tuesday, 22 May 2018 10:53

Amazon formally identified as user of planned Gaines Township distribution facility

After months of secrecy, Amazon.com Inc.’s interest in a proposed Kent County facility is now official.

Published in Breaking News

Sunday, 13 May 2018 17:55

MiBiz Growth Report: May 14, 2018

Here is the MiBiz Growth Report for May 14, 2018.

Published in Breaking News
Wednesday, 02 May 2018 17:02

HexArmor investing $8.7 million into Kent County facility

HexArmor, a Grand Rapids-based personal protective equipment manufacturer, will invest $8.7 million into a Kent County facility and plans to create roughly 50 jobs over the next three years.

Published in Breaking News
Sunday, 04 March 2018 17:51

State extends GROW Michigan funding for two years

After a major customer moved a supply contract to a Chinese company, a Muskegon-area manufacturer needed capital to retool for the new business coming in to replace what it had lost.

Published in Finance

Tuesday, 27 February 2018 10:41

Downtown Market reports sales growth as it continues to restructure debt

The Grand Rapids Downtown Market continues to restructure long-standing debt tied to a state economic development incentive as it attempts to stabilize its finances.

Published in Breaking News
Sunday, 04 February 2018 14:23

MiBiz Growth Report: Feb. 5, 2018

Here is the MiBiz Growth Report for Feb. 5, 2018

• M&A: Grand Rapids-based Alliance CNC Cutter Grinding Services Inc. was acquired by GWS Tool Group LLC of Tavares, Fla., according to a statement. Alliance CNC is a designer and manufacturer of tight tolerance drills, reamers and micro-tools. With the deal, GWS adds hole-making tool capabilities to its existing focus in round tools, endmills and inserts. Terms of the deal were not disclosed, but Alliance CNC will continue to operate out of its Grand Rapids area plant with its existing management team. GWS Tool Group is a vertically integrated manufacturer of engineered cutting tools for the aerospace, defense, power generation, automotive and medical industries.

Published in Breaking News
Tuesday, 23 January 2018 15:27

Downtown Market extends its development incentive loan repayment

For the fourth time since 2014, the Grand Rapids Downtown Market has asked permission to keep paying only the interest on its loans tied to a state economic development incentive as it seeks to restructure its debt load.

Published in Breaking News

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