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
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
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
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
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
SOUTHFIELD – The Michigan Strategic Fund has approved a one-year, $100,000 extension to fund the Lawrence Technological University Collaboratory Gatekeeper Business Incubator. The grant runs from April 1 through March 31, 2019, and was part of $1.7 million in state grants to support entrepreneurial resources. This is the third year LTU has received the grant
LANSING - What does $6,637,960 in tax incentives buy you? Investments by six businesses that collectively will generate $54 million in capital investment and an estimated 179 jobs around the state, thanks to the Michigan Strategic Fund, the Michigan Economic Development Corp. announced. * Minghua USA Inc., a subsidiary of China-based Jiangnan MPT Co. Ltd., received a $500,000 Michigan
LANSING — More than $561 million in new investment with 1,500 jobs and two community revitalization projects are among projects approved Tuesday by the Michigan Strategic Fund. The projects include investments by Lear Corporation, LG Electronics and Penske Logistics that will generate a total of $158.8 million capital investments and create 1,130 jobs. * Southfield-based
LANSING - University of Michigan advanced transportation Hub and Michigan Tech’s advanced materials Hub will receive $1.7 million and $525,000 in funding, respectively, over a two-year period from the Michigan Strategic Fund to support research projects across Michigan. “Bringing two more innovation hubs into the statewide program is an exciting next step for MTRAC as
LANSING - Companies based in Michigan's border counties could receive a business incentive by hiring employees who don't necessarily live in Michigan under legislation passed in the Senate Thursday. The incentive - grants, loans or other economic assistance to qualified business based on a review by the Michigan Strategic Fund - is through the Michigan
