Chris Cook from MEDC will outline two new funds that can help Michigan startups. Melih Oztalay continues with the third installment of how businesses can use AI. Blain Becktold from iHemp talks about CRA third party compliance.
GRAND RAPIDS - An assortment of state-backed capital funds and initiatives to support business startups, innovation and entrepreneurs recently earned renewal in Lansing. The Michigan Strategic Fund Board last month allocated more than $7 million that will go to back entrepreneurs working to bring innovations to market. Half of the money will go to the Grand Rapids-based Michigan
LANSING—Projects expected to generate more than $500 million in total investment received support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced today. Besides the massive $80 million redevelopment of a former paper mill in Vicksburg (see story), the following projects were announced: Knauf Insulation North America Inc. received a $204,000 million Michigan Business
LANSING - A dramatic reorganization of the state's economic development and worker protection functions ordered Thursday by Governor Gretchen Whitmer puts a new person in charge of those duties, renames the Department of Talent and Economic Development as the Department of Labor and Economic Opportunity and upends some key boards and commissions. The actions concentrate essentially
LANSING — The Michigan Strategic Fund has supported two business expansions, in Washtenaw County’s Pittsfield Township and in Kent County’s Plainfield Township. Pacific Industrial Development Corp. received a $400,000 Michigan Business Development Program performance-based grant to support an investment of $17.2 million expansion that will create 50 jobs. (A photo of the plant is above.)
LANSING - Jeff Mason is back at the Michigan Economic Development Corp., but this time as the state’s chief executive officer. His appointment was approved Wednesday by the MEDC executive committee. He assumed the post, vacated in January by Steve Arwood, immediately. Mason, 58, has extensive experience in economic development, including serving as senior vice
LANSING – Barracuda Networks is expanding in Ann Arbor with support from the Michigan Strategic Fund and Ann Arbor SPARK, the Michigan Economic Development Corporation announced Thursday. “Barracuda’s investment means Michigan residents will have good job opportunities that could well have gone to other states,” said Steve Arwood, CEO of the Michigan Economic Development Corporation,
LANSING - The Michigan Strategic Fund has approved three grants to create a new business incubator in Flint and build new manufacturing plants in the Grand Rapids area and Port Huron. The MSF will provide a $286,000 performance-based grant to Siliconature Corp., and a $496,000 performance-based grant to HP Pelzer Automotive Systems Inc. Funds are
GRAND RAPIDS - Luxury storage company California Closets is expanding to Cascade Charter Township with financial support from the Michigan Strategic Fund. The company is building a new facility in West Michigan to supply the Eastern United States and expects to generate more than $5.7 million in private investment and create 61 jobs in exchange
LANSING - Fiat Chrysler on Tuesday was awarded a Michigan Business Development Program grant from the Michigan Strategic Fund to the tune of $4.5 million in exchange for the creation of 700 jobs when it begins production of the next-generation Ram 1500 pickup truck at its Sterling Heights Assembly Plant. In July, the company announced
