LANSING - The Michigan Strategic Fund board approved up to $22 million in State Small Business Credit Initiative (SSBCI) 2.0 Michigan Small Business Venture Capital Program (SBVCP) funding to support two venture capital investment funds. Chris Cook Managing Director - Capital Access at Michigan Economic Development Corporation provides details in this video interview how these
DETROIT - Top officials in President Joe Biden's administration visited a United Auto Workers union hall in Michigan on Tuesday to tout their efforts to support clean energy jobs, announcing new training guidelines for apprenticeships to expand the country's battery workforce amid growth in the market for electric vehicles. U.S. Secretary of Energy Jennifer Granholm and
LANSING - Operation of Class 1 electric bicycles on state park-managed nonmotorized trails open to bicycles would expand under a proposed Michigan Department of Natural Resources land use change that could go into effect as early as this spring. Under current Michigan law, only Class 1 e-bikes – e-bikes that are pedal-assisted and can go
WASHINGTON DC - The Department of Energy and the Environmental Protection Agency have jointly unveiled modifications to the existing framework governing vehicle emissions and fuel economy. The DOE has relaxed the initially proposed drastic reduction in EV mileage ratings, a move that now allows automakers more leeway to produce gas-powered vehicles while still meeting the
HOLLAND - A new report projects ‘high’ potential for business growth in West Michigan for advanced energy storage and material manufacturing production. The West Michigan Advanced Energy Storage Ecosystem Report was compiled to illustrate the region’s current industry assets and highlight its growth potential. Lakeshore Advantage President Jennifer Owens joins MITech TV to provide details.
WASHINGTON DC - A group of US Senators has written to President Biden's administration to urge the increase of tariffs on Chinese cars, with the ultimate goal of stopping potential imports altogether. In the letter, Senators Gary Peters and Debbie Stabenow of Michigan, and Sherrod Brown of Ohio, ask the Secretary of Commerce and the U.S. Trade
LANSING - The MPSC’s 2023 Annual Reportv highlights actions the Commission took after a round of ice and snow storms spanning February 22 to March 4 left more than 1 million Michiganders without electricity, some for more than a week, as crews worked to repair more than 13,000 downed wires reported just for the state’s
JACKSON–Consumers Energy announced a targeted undergrounding pilot program has been approved by the Michigan Public Service Commission. An $3.7 million investment will enable the company to bury 10 miles of overhead power lines in the next year. The pilot program will kick-start Consumers Energy’s long-term plans to move more power lines underground, bolstering the company’s
WASHINGTON DC - The US Department of Defense has been an early adopter of solar power at its own facilities, especially out West where abundant space is available. Now the agency aims to deploy its buying power towards parts East. Earlier this month the DOD hooked up with the General Services Administration in a scheme
LANSING - The Michigan Economic Development Corporation, the state's business incentive arm, doesn't want the Governor's proposed $60 million innovation fund to be created with predetermined grant recipients in mind. "That's not the structure which is being proposed here," Amy Rencher, MEDC's vice president of small business services, told MIRS when asked about the possibility
