MEDC

MEDC Doesn’t Want Recipients Pre-Picked for Startups

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

$87.5 Million In Grants Announced To Help State Win Transformative Projects

LANSING – Governor Gretchen Whitmer joined the Michigan Economic Development Corporation in announcing approval of $87.5 million in grant funding for 18 projects across the state of Michigan through the Strategic Site Readiness Program to support the state’s efforts to compete for and win transformative projects. Through this funding for strategic site readiness and collaboration

By |2024-01-30T19:28:23-05:00January 30th, 2024|Featured, News, Politics, Politics/Government|

MEDC Announces Major Developments In Detroit’s Corktown District

LANSING - The Michigan Economic Development Corporation last week announced three community revitalization projects that will bring economic growth, housing, and increased vibrancy to the Corktown neighborhood of Detroit. The projects, expected to generate a total capital investment of $67.2 million, are intended to meet housing needs in response to Ford Motor Company’s globally recognized

By |2023-12-19T12:48:25-05:00December 19th, 2023|mitechtv, Politics, Politics/Government|

Developments In Detroit’s Corktown To Bring Attainable Housing Options Near Ford’s Central Station District

LANSING – The Michigan Economic Development Corporation last week announced three community revitalization projects that will bring economic growth, housing, and increased vibrancy to the Corktown neighborhood of Detroit. The projects, expected to generate a total capital investment of $67.2 million, are intended to meet housing needs in response to Ford Motor Company’s globally recognized

By |2023-12-15T10:50:36-05:00December 15th, 2023|News, Politics, Politics/Government|

LTU’s Centrepolis Accelerator Gets $3.4 Million MEDC Small Business Aid Grant

SOUTHFIELD—The Centrepolis Accelerator at Lawrence Technological University has received a $3,426,316 grant from the Michigan Economic Development Corp. as part of its Small Business Hub program. “Michigan is committed to bolstering our entrepreneurial ecosystem by supporting the small businesses that drive our economy, as well as trusted partners like Centrepolis that serve small businesses and

By |2023-12-09T15:16:31-05:00December 9th, 2023|Industry 4.0|

MEDC Provides $73 Million To Support Entrepreneurial Hubs Across The State

  LANSING - Gov. Gretchen Whitmer joined the Michigan Economic Development Corporation to announce that 27 organizations have been selected to serve as entrepreneurial hubs across the state of Michigan, providing comprehensive resources and support to the state’s small businesses. Ann Arbor SPARK has partnered with the Greater Washtenaw Region MI-SBDC, Howell Chamber of Commerce, Jewish Family

By |2023-11-19T12:47:01-05:00November 19th, 2023|Entrepreneur, Entrepreneurs, Politics, Politics/Government|

Fourth Industrial Revolution – Michigan Manufacturers Need To Get On Board Or Get Left Behind

ANN ARBOR - Neil Balduc, the owner of Tritegrity Machine, a small Tier 2 CNC manufacturer in Michigan’s Upper Peninsula, was ecstatic when he got word from the Michigan Economic Development Corp. that he was awarded a matching grant of $25,000 from the Industry 4.0 fund. The money allowed him to buy a co-bot for

By |2023-11-03T08:45:01-04:00November 2nd, 2023|4IR, Featured, Fourth Industrial Revolution, Industry 4.0|

State Launches ‘You Can In Michigan’ Talent Marketing Campaign

LANSING—Gov. Gretchen Whitmer and leaders with the Michigan Economic Development Corp. have unveiled “You Can in Michigan,” a new talent attraction marketing campaign launching nationally to fill open jobs and grow Michigan’s population. It’s the largest state talent attraction campaign and effort in the U.S., according to the MEDC. “Michigan is a welcoming, inclusive state

By |2023-10-11T13:42:24-04:00October 11th, 2023|ESD|

Norwegian Hydrogen Company To Build Gigawatt Electrolyzer Plant In Michigan

LANSING – Norwegian hydrogen company Nel Hydrogen is establishing an automated gigawatt electrolyzer manufacturing facility in Michigan. The project is expected to generate a total capital investment of up to $400 million and create more than 500 manufacturing jobs, Gov. Whitmer said in a press release. “We’re thrilled to bring home an up to $400

By |2023-07-10T06:45:54-04:00July 10th, 2023|Clean Update, Featured, Politics/Government|

2023 Michigan 50 Companies To Watch Generate $453 Million In Annual Revenue

LANSING - The 2023 Michigan 50 Companies to Watch awardees are small and mighty, having generated significant economic impact across the state. In 2022, these businesses generated $453 million in total annual revenue, a 57% increase since 2021. The companies reported they had 1,439 full-time equivalent employees in 2022 and project 498 net new jobs for

By |2023-03-28T13:50:19-04:00March 28th, 2023|Business, New Products, New Products / Contracts|