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.
GRAND RAPIDS - In concert with the nearly 1,000 Small Business Development Centers (SBDCs) across the nation, the Michigan SBDC will celebrate SBDC Day Wednesday, March 20, 2024. SBDC Day is a national, collective proclamation of the impact America's Small Business Development Centers (SBDCs) have on the success of our nation’s dreamers, innovators and doers
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
WASHINGTON DC - Cannabis advocates say President Biden is missing an opportunity to sway young voters with his reluctance to take bigger steps to legalize marijuana at the federal level. The Biden administration has opened several avenues for marijuana reform including issuing federal pardons for simple possession and starting the process of potentially rescheduling marijuana’s status under
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
