Displaying items tagged: Michigan Economic Development Corp

LANSING — Michigan notched a win with Ford Motor Co’'s decision to build a $3.5 billion, 2,500-job electric vehicle battery factory in Marshall.

KALAMAZOO — The developer of a 15-story mixed-use project in downtown Kalamazoo will now fill one floor with 21 apartments instead of initially planned commercial space, which became “extremely challenging” to fill as a result of the COVID-19 pandemic.

LANSING — Michigan economic development officials on Wednesday asked lawmakers to allot $750 million to buy land, upgrade infrastructure and do other work in support of Ford Motor Co.’s new $3.5 billion, 2,500-job electric vehicle battery factory in Marshall, bringing total state incentives for the project to nearly $1.8 billion.

As Ford Motor Co. and its Chinese battery partner close in on a home for a $3.5 billion EV battery plant, some residents are speaking out against development of the megasite in Marshall.

The state's first chief mobility officer is on the move.

Quentin Messer Jr. will remain head of the Michigan Economic Development Corp. under a new four-year contract announced today by Gov. Gretchen Whitmer.

HOLLAND — The Michigan Strategic Fund Board will give JR Automation Technologies LLC more flexibility in meeting hiring requirements tied to a $2.25 million state grant the company received in May.

CASCADE TWP. — An Italian manufacturer of luxury RV and boat fixtures plans to open its North American headquarters in Cascade Township with a $7.3 million investment that could create 130 jobs.

Grand Rapids, Muskegon and Berrien County will receive large chunks of funding to regrant to various housing projects that the state approved Wednesday through the Revitalization and Placemaking Program. 

Public projects across Kent, Barry, Mason and Oceana counties will receive a funding boost following today’s approval of more than $3.4 million in state funding from the Revitalization and Placemaking Program. 

The Industry 4.0 transition depends on male-dominated fields like computer science and engineering, potentially causing a disproportionate effect on women seeking to enter the field. 

ZEELAND — Tier 1 automotive supplier Gentex Corp. has received roughly $11.2 million in state grants and tax incentives for a $300 million expansion project that started in January and could create up to 500 jobs when it’s completed at the end of next year.

People in the News: A roundup of new hires, promotions and awards in West Michigan.

Sustainability-focused outdoor shoe manufacturer Holo Footwear Inc. plans to move its headquarters from Portland, Ore. to downtown Grand Rapids, state and local economic development officials announced today.

State lawmakers have reached a compromise on a bill that would allow taxpayers to claim an income tax credit on their investment in a Michigan-based small business.

HOLLAND — State economic development officials have approved grant funding to support an automation manufacturer’s $10 million expansion at the site of a longtime Holland steel fabricator that closed during the COVID-19 pandemic.

GRAND RAPIDS — Despite numerous complexities involved with improving the congested Wealthy Street interchange at U.S.-131, city and community leaders seek to create more connectivity with $10 million recently allocated to upgrade the aging infrastructure.

CASCADE TWP. — The first cohort of companies to receive grants through an air travel technology development program have revealed the fruits of their labor, including a self-driving wheelchair, an advanced flying security camera and a complete 3D model of Gerald R. Ford International Airport. 

Manufacturers throughout Michigan can now apply for grant funding to help cover costs associated with adopting Industry 4.0 technologies.

When the Sault Ste. Marie Tribe of Chippewa Indians sought to establish its first 8(a) certified contracting company, the tribe’s economic development arm turned to a key partner within the state of Michigan for help. 

Advertisements touting Michigan as a summer vacation destination have begun running in key markets across the state and the Midwest.

Michigan could restore a tax credit for companies that conduct research and development here, which supporters say would make the state more competitive for high-tech business investments.

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.

WYOMING — Industrial recycling and scrap management company PADNOS plans to invest $6.6 million to expand its facility in Wyoming.

Economic development organization Lakeshore Advantage Corp. launched an Industry 4.0 readiness poll last year to get an idea of how small and mid-size manufacturers viewed and used advanced technology within their operations.

Gov. Gretchen Whitmer met virtually on Friday with a group of elected officials, educators, economic developers and business leaders to discuss the direction of her administration’s new Office of Rural Development.

State lawmakers passed a landmark incentive bill last week that “sends a powerful signal” and gives Michigan new tools to compete with other states for major projects, according to the state’s top economic development official. Lawmakers and the Whitmer administration worked out details for the $1 billion Strategic Outreach and Attraction Reserve Fund following Ford Motor Co.’s announcement in September to invest $11.4 billion and create 11,000 jobs in Tennessee and Kentucky to build facilities that manufacture both electric vehicles and batteries.

Advanced automotive battery suppliers are considering a pair of West Michigan cities for new or expanded manufacturing facilities, MiBiz has learned. 

LANSING — The Michigan Economic Development Corp. has appointed four officials to lead in new roles aimed at business attraction, real estate development and site readiness as the state competes for transformational projects. 

LANSING — The Michigan Economic Development Corp. has appointed four officials to lead in new roles aimed at business attraction, real estate development and site readiness as the state competes for transformational projects.