ANN ARBOR—Ann Arbor Spark, the economic development agency for Washtenaw and Livingston counties, announced that it will host its third annual Ann Arbor Mobility Summit online this year, on Wednesday, Sept. 23 from 9 a.m. to 2 p.m. The theme this year is to focus on the strategies to build resiliency within the mobility ecosystem.
LANSING—The Michigan Economic Development Corp. has announced several new initiatives designed to support the economic recovery efforts of small businesses and downtown areas throughout the state. These initiatives include the MI Local Biz Community Crowdfunding Program, which pairs successful crowdfunding efforts with a financial match from the MEDC; an expansion of the Match on Main
DETROIT - The TechTown Stabilization Fund closed with 347 grantees receiving a total of $575,000 in funding – adding to the 350 small businesses previously funded by TechTown’s Detroit Small Business Stabilization Fund. Together, the two funds funneled approximately $1.2 million into local small businesses in the midst of the ongoing COVID-19 crisis. The New Economy
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
DETROIT–ID Ventures, the venture capital arm of Invest Detroit, the non-profit that supports business and real estate projects in the city and region, announced that it has been selected by the Google Developers Launchpad to provide scaling resources to startups in Detroit and Michigan. ID Ventures is Google’s first such partner in the continental United
LANSING - U.S. Sen. Gary Peters announced last week additional funding for the Great Lakes Restoration Initiative for the 2020 fiscal year that has passed the U.S. Senate as part of a government spending bill. Funding for the initiative would increase to $310 million from $301 million if the provision Peters (D-Bloomfield Township) helped shepherd through
ANN ARBOR - The Michigan Translational Research and Commercialization Innovation Hub for Advanced Transportation at the University of Michigan recently awarded a combined $640,000 in funding to seven high-tech, early-stage projects led by researchers at the University of Michigan, Michigan State University and Wayne State University. These projects aim to address future or poorly met
LANSING - Lawmakers will have a slight cushion of revenue to complete budget work in the weeks ahead for the current fiscal year and fiscal year 2019-20, according to the numbers agreed upon Friday by the state's Consensus Revenue Estimating Conference. Economists and state budget officials delivering presentations before conference members Friday in the Capitol
DETROIT — Guardhat, developer of a smart hard hat that monitors worker safety and health in industrial settings, announced it had closed a $20 million Series A funding round. The round was led by RTP Ventures, a New York City-based subsidiary of a Moscow, Russia-based venture capital firm, RuNet Holdings Ltd.. The round was joined
LANSING - More than 800 businesses, educators and community organizations have committed to pursuing Marshall Plan for Talent grants, Gov. Rick Snyder announced Thursday. These entities have applied to be considered for the first round of Innovation Grants under the $100 million Marshall Plan for Talent investment. The first step in the Marshall Plan for
