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Displaying items tagged: Michigan Economic Development Corp

Wednesday, 22 March 2023 10:20

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.

Published in Economic Development
Tuesday, 28 February 2023 13:14

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.

Wednesday, 22 February 2023 14:36

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.

Published in Economic Development

Thursday, 09 February 2023 20:46

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.

Published in Economic Development
Thursday, 19 January 2023 14:26

Michigan’s chief mobility officer to step down — for a year of travel

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

Published in Economic Development
Tuesday, 17 January 2023 15:16

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.

Published in Economic Development


Wednesday, 09 November 2022 14:11

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.

Published in Manufacturing
Tuesday, 20 September 2022 14:33

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.

Published in Manufacturing
Thursday, 08 September 2022 15:29

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. 

Published in Economic Development

Wednesday, 07 September 2022 12:23

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. 

Published in Economic Development
Monday, 01 August 2022 10:16

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. 

Published in Manufacturing
Tuesday, 26 July 2022 13:02

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.

Published in Manufacturing


Sunday, 17 July 2022 18:53

People in the News: July 18, 2022

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

Published in Talent
Monday, 27 June 2022 15:58

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.

Published in Manufacturing
Thursday, 16 June 2022 11:02

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.

Published in Small Business

Tuesday, 24 May 2022 11:00

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.

Published in Manufacturing
Sunday, 22 May 2022 18:03

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.

Published in Economic Development
Wednesday, 18 May 2022 20:10

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. 

Published in Manufacturing

Monday, 09 May 2022 15:32

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.

Published in Manufacturing
Monday, 04 April 2022 12:24

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. 

Published in Economic Development
Tuesday, 15 March 2022 17:00

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.

Published in Economic Development

Sunday, 30 January 2022 18:17

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.

Published in Economic Development
Wednesday, 26 January 2022 11:20

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.

Published in Small Business
Tuesday, 18 January 2022 16:21

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.

Published in Manufacturing

Sunday, 16 January 2022 18:30

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.

Published in Manufacturing
Friday, 07 January 2022 15:11

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.

Published in Economic Development
Sunday, 19 December 2021 18:30

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.

Published in Economic Development

Friday, 03 December 2021 16:00

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. 

Published in Energy
Wednesday, 24 November 2021 13:08

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. 

Published in Economic Development
Wednesday, 24 November 2021 13:08

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. 

Published in Economic Development

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