LANSING – The Michigan Economic Development Corporation has created a $3 million Tech Startup Stabilization Fund to invest in early-stage tech startups in Michigan that are being impacted by the COVID-19 outbreak. Administered by ID Ventures , the Tech Startup Stabilization Fund will provide early-stage tech companies direct investments or loans that can be converted into equity. Investment and
NOVI - As the nation rallies to support the fight against the Pandemic, ITC is committing $500,000 in disaster relief funding to support agencies in need throughout its seven-state footprint. The funding will be distributed in two rounds – the first for food charities and the second to support mental health and substance abuse agencies.
MIDLAND—To help address the urgent need for personal protective equipment among healthcare professionals battling the COVID-19 pandemic, Midland-based Dow Chemical Co. (NYSE: DOW) has developed a simplified face shield design and is sharing its design through an open-source file to help accelerate production rates of this critically-needed PPE. In addition, the company is collaborating to produce 100,000
WARREN - Fifteen marijuana businesses hoping to open dispensaries in Warren have been dealt a severe blow following a judge’s order to revoke their licenses. In a ruling issued Tuesday, Macomb County Circuit Judge Carl Marlinga said the city’s Medical Marihuana Review Committee, which evaluated and scored the applications for dispensary licenses from more than
ANN ARBOR - Implementation of the Michigan redistricting commission should proceed as planned, the Sixth Circuit Court of Appeals ruled Wednesday. Two cases brought against the state by the Michigan Republican Party and individual state Republicans asked the court to declare the voter-approved commission unconstitutional and halt its formation. “Today’s federal court decision upholding the
LANSING - Twelve small businesses and nonprofits around Michigan have been awarded a total of $1 million through the Pure Michigan Business Connect COVID-19 Emergency Access and Retooling Grants program, the Michigan Economic Development Corporation announced today. The program is providing the funds to small manufacturers looking to retool and produce critical health and human
ANN ARBOR - On MITech TV April 13, Financing expert Bob Moore returns to talk about ways businesses can find funding during the pandemic. Inventors Darrin and Dalton Luedke are using a 3D printer to make plastic face shields for healthcare providers. Medical device developer Gene Parunak from in2being discusses his weekly video conference with
LANSING - Michigan’s self-employed workers, gig workers, 1099-independent contractors and low-wage workers affected by COVID-19 can apply for federal Pandemic Unemployment Assistance April 13 at 8AM. Under the federal CARES Act, workers on state unemployment have already begun receiving the set $600 federal weekly payment in addition to their state benefit amount. Michigan is one
DETROIT - For the week ending April 4, the State of Michigan experienced a new high in initial unemployment insurance claims, with 384,844 initial claims, reports The Workforce Intelligence Network for Southeast Michigan, an increase of 80,509 claims, or 26.5 percent, from the week prior. While this increase looks numerically smaller than that of the
LANSING - Thirteen new or expanded COVID-19 drive-thru testing sites – including in Detroit and Flint – will provide greater access to residents across Michigan and a new lab will speed up test results under a plan announced by Gov. Gretchen Whitmer. Expanded testing is available through a partnership involving the Michigan Department of Health
