Michigan Strategic Fund

State Of Michigan To Provide $237 Million For Business Loans

ANN ARBOR - The State Of Michigan will receive $237 million for business loans and funding for Venture Capital companies, part of a $10 billion national program from the Biden Administration. Last week, the Michigan Strategic Fund approved the new program that could start pumping money into Michigan businesses by spring, said Chris Cook, Director

By |2022-02-03T17:36:29-05:00February 1st, 2022|Entrepreneurs, Featured, mitechtv, Politics/Government|

State To Provide $237 Million For Small Biz Loans, Venture Capital Fund Investments

GRAND RAPIDS - Nearly $237 million in federal funding coming to the state is planned to support small businesses in Michigan through lending initiatives and equity investments in venture capital funds. The Michigan Economic Development Corp. aims to deploy the federal funding across five programs, including investing $75 million in one or more venture capital funds

By |2022-01-29T13:20:44-05:00January 27th, 2022|Entrepreneurs, Featured, Politics, Politics/Government|

General Motors To Invest $7 Billion In Four Michigan Factories, Including EV Battery Plant

LANSING – General Motors announced Tuesday it will spend $7 billion on four factories, including some $2.6 billion in the Lansing area to build electric vehicle batteries. Another $4 billion will be invested to convert its existing factory in Orion Township to make electric pickups. GM also plans to spend about $500 million to upgrade

By |2022-01-25T17:04:16-05:00January 25th, 2022|Featured, Industry 4.0|

Two Companies To Invest $7.1 Million In Ann Arbor Area After Getting $1.1 Million In State Grants

LANSING – Two projects generating $7.1 million in private investment will be spent in the Ann Arbor region after receiving $1.1 million in performance-based grants from the Michigan Strategic Fund. Navitas Systems is a leader in integrated design, technology development, and manufacturing of innovative energy-enabled system solutions and energy storage products for commercial, industrial, and government agency

By |2021-02-14T18:29:27-05:00February 13th, 2021|Featured, Politics, Politics/Government|

Ohio Electric Truck Maker Picks Michigan For R&D Center

LANSING—Michigan continues to claim its position as the automotive capital of the world with the announcement from Ohio-based Lordstown Motors Corp. on plans to establish an automotive research and development center in Farmington Hills with support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced. Lordstown Motors received a $1 million Michigan Business

By |2020-11-20T17:18:45-05:00November 20th, 2020|Auto Tech, Engineering Society of Detroit|

Red Cedar Development Moves Forward With Michigan Strategic Fund Approval

LANSING—The Michigan Strategic Fund has approved a brownfield redevelopment tax increment financing plan for the $256 million Red Cedar mixed use development. The project, being built by Continental/Ferguson Lansing LLC, will include multi-generational housing, restaurants, retail and two hotels along the Michigan Avenue corridor connecting Lansing with the region. According to the Michigan Economic Development

By |2020-05-23T15:06:45-04:00May 23rd, 2020|ESD|

Study: Pure Michigan Earned $8.79 Return For $1 Spent On It

LANSING - The latest return-on-investment study on the Pure Michigan ad campaign found a return of $8.79 for every dollar spent on the combined warm weather and fall campaigns of 2019, according to the Michigan Economic Development Corp. According to the MEDC in a press release, $16.1 million was spent on out-of-state Pure Michigan campaigns

By |2020-02-27T18:21:33-05:00February 27th, 2020|Featured, Politics, Politics/Government|

Pure Michigan Ad Campaign Lives On Until Dec. 31…And Perhaps Beyond

LANSING –  The Pure Michigan tourism advertising campaign will continue through the end of the year – and the brand will live on even longer –  despite a funding veto Democratic Gov. Gretchen Whitmer issued amid an ongoing budget dispute with the Republican-led Legislature. The Michigan Strategic Fund, which Whitmer reshaped last month with new

By |2019-10-23T19:29:05-04:00October 23rd, 2019|Politics, Politics/Government|

LTU Grant, Joe Louis Demolition Among Projects OK’d By Michigan Strategic Fund

LANSING — A $100,000 grant for a manufacturing business incubator at Lawrence Technological University and a $10 million loan to the city of Detroit for the demolition of Joe Louis Arena were among the business expansion and community development projects approved Tuesday by the Michigan Strategic Fund board in its final meeting of 2018. The $100,000 grant will help LTU and

By |2019-01-05T19:11:37-05:00January 5th, 2019|ESD|

Stryker Gets $2.6 Million State Grant To Propel $109 Million Medical Device Expansion

LANSING - Stryker Corporation, after getting a $2.6 million grant from the Michigan Strategic Fund, will expand capacity of its medical-device products with a $109-million investment at its 79-acre industrial site in Portage. In addition to the 253,000-square-foot expansion in southwest Michigan, the global medical technology manufacturer is expected to add 260 jobs by end

By |2018-06-26T18:49:56-04:00June 26th, 2018|News, Politics, Politics/Government|