Displaying items tagged: Michigan Economic Development Corp
Ford factory subsidies, at $690,000 per job, tally up to much more than other deals
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.
Apartments to replace vacant commercial space at 15-story Exchange Building in Kalamazoo
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.
Michigan wants $750 million to prep site for Ford EV battery plant on top of $1 billion incentives deal
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.
Residents raise concerns as Ford-CATL consider Marshall megasite for EV battery factory
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.
Michigan’s chief mobility officer to step down — for a year of travel
The state's first chief mobility officer is on the move.
Messer to continue leading MEDC under new 4-year contract
Quentin Messer Jr. will remain head of the Michigan Economic Development Corp. under a new four-year contract announced today by Gov. Gretchen Whitmer.
Citing ‘tight labor market,’ state board approves more flexible hiring requirements tied to $2.25M JR Automation grant
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.
Italian RV, boat fixture manufacturer opening North American HQ in Cascade Township
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.
FUNDING FIREHOSE: State Revitalization and Placemaking grants aim to bridge funding gap for many West Michigan housing projects
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.
9 West Michigan public projects get $3.6M state funding boost
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.
Industry 4.0 brings obstacles, opportunities for women in manufacturing
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.
Gentex lands state incentives for $300M expansion already underway
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: July 18, 2022
People in the News: A roundup of new hires, promotions and awards in West Michigan.
Footwear manufacturer Holo relocating from West Coast to 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.
Lawmakers, administration reach compromise on investment tax credit bill
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.
State grant funding to support JR Automation’s $10M Holland expansion
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.
Community leaders push for connectivity at congested U.S.-131 interchange
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.
Companies reveal new air travel technology, devices at GR airport
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.
State opens applications for $3M in Industry 4.0 support grants
Manufacturers throughout Michigan can now apply for grant funding to help cover costs associated with adopting Industry 4.0 technologies.
Michigan Economic Development Corp. seeks deeper relationships with state’s tribes
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.
Travel Michigan ramps up summer campaign with $16.7M ad buy in local, Midwest markets
Advertisements touting Michigan as a summer vacation destination have begun running in key markets across the state and the Midwest.
State lawmakers mull restoration of R&D tax credit
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.
State prepares to deploy $237M for small businesses through loans, VC fund 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.
PADNOS to invest $6.6M, create 50 jobs as part of Wyoming expansion
WYOMING — Industrial recycling and scrap management company PADNOS plans to invest $6.6 million to expand its facility in Wyoming.
State programs aim to boost talent needed for Industry 4.0 adoption
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.
Broadband, population loss, housing among top challenges for new Office of Rural Development
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.
New $1B incentive program ‘not a theoretical exercise,’ says economic development chief
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.
Holland, Big Rapids eyed for battery manufacturing developments
Advanced automotive battery suppliers are considering a pair of West Michigan cities for new or expanded manufacturing facilities, MiBiz has learned.
MEDC makes four hires to focus on business attraction and development
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.
MEDC makes four hires to focus on business attraction and development
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.