WASHINGTON DC - The U.S. Small Business Administration released a simplified loan forgiveness application Thursday for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to the more than 100,000 small businesses here in Michigan that have received PPP loans to date.
ANN ARBOR - A German chemical company is building its $51 million North American headquarters south of Ann Arbor, the Michigan Economic Development Corp. reported. Wacker Chemical Corp.’s North American Innovation Center and Regional Headquarters in Pittsfield Charter Township will house its research and development operations and create 70 high-skilled jobs during the next five
LANSING -More than 11,300 small businesses and nonprofits across Michigan have been awarded $69 million in grants by local economic development organizations as of September 10, 2020 through the Michigan Small Business Restart Grant Program. The program was launched to provide relief for small businesses that have been negatively impacted by the COVID-19 pandemic. “Over the
LANSING – State Treasurer Rachael Eubanks announced that the state of Michigan successfully sold more than $950 million in both Environmental Program and State Building Authority bonds. The sales came with strong investor interest as more than $2.17 billion in orders occurred for both bond sales. The state of Michigan’s strong general obligation credit ratings –
LANSING - Michigan Public Service Commission Chair Dan Scripps last week asked MPSC Staff and stakeholders in its MI Power Grid initiative to develop recommendations for updating utility integrated resource planning requirements to reflect reduced greenhouse gas emissions targets set by Gov. Gretchen Whitmer’s administration to achieve economy-wide carbon neutrality no later than 2050. Gov.
LANSING – Michiganders seeking their 10-cent deposit on bottles and cans will soon have more options for redeeming their deposits, according to the Michigan Department of Treasury. With the beginning of “Phase 2” on Oct. 5, 2020, all grocery stores, supermarkets, convenience stores, gas stations and other retailers with reverse vending machine must reopen their
DETROIT - The Detroit Region Aerotropolis is a four-community, two-county, public-private economic development partnership driving corporate expansion and new investment around Detroit Metro and Willow Run Airports. The Aerotropolis is the premiere location for greenfield expansion in Southeast Michigan, offering 6,000 acres of development-ready land centered in a world-class network of transportation infrastructure. With two
LANSING - Michigan politicians are trying to block new electric vehicle manufacturers from doing business in the state. Although carefully worded to include any type of auto manufacturing company, the Michigan “Motor Vehicle Franchise Act” was created specifically to block Tesla from doing business there, an obvious favor to the dealerships. The law already includes
LANSING - To date, 2.1 million voters had requested absentee ballots for the Nov. 3 general election, eclipsing a record set during the August primary of 2,065,000 requests for absentee ballots, according to the Secretary of State’s office Thursday morning. “We do expect that we again will have record setting turnout,” said Jake Rollow, spokesman
KALAMAZOO - Southwest Michigan First announced 1,434 small business recipients are receiving average grant awards of $5,000 each as part of the state’s Michigan Small Business Restart Program. Grants must be used for expenditures made between March 1, 2020 and December 30, 2020 for necessary disbursements incurred due to the public health emergency with respect
