Displaying items by tag: Michigan Strategic Fund
State economic development officials on Tuesday approved brownfield incentives and performance based loans for three mixed-use apartment projects in Grand Rapids, Kalamazoo and Middleville.
HOLLAND — A luxury five-story residential and commercial building planned in Holland received approval Tuesday from the Michigan Strategic Fund board for $2.2 million in brownfield incentives.
GRAND HAVEN — A planned 124-unit apartment development in Grand Haven has been approved for a Michigan Community Revitalization Program loan for $4.75 million along with $1.38 million in brownfield incentives.
The latest state effort to provide financial aid to Michigan small businesses and entertainment venues that are ailing from the COVID-19 pandemic and resulting restrictions has a relatively short application window based on previous demand.
The Michigan Economic Development Corp. plans to open applications next week for the $58.5 million in grant funding to aid small businesses and entertainment venues that were closed or curtailed by the most recent state-ordered restrictions in response to the COVID-19 pandemic.
State and federal lawmakers have each reached consensus on COVID-19 relief that will support small businesses like restaurants and venues still confronting pandemic-related restrictions.
GRAND RAPIDS — Perrigo Co. plc is seeking a 12-year incentive agreement estimated at $4.1 million in total property tax savings for its plans to relocate its North American headquarters to downtown.
The Michigan Economic Development Corp. announced Friday that it would soon start accepting applications for up to $15,000 relief grants from small businesses “disproportionately impacted” by COVID-19 pandemic restrictions.
A new $200 million fund to support growing businesses in Michigan intends to direct half of the capital it raises to financing minority-owned companies.
GRAND RAPIDS — Acrisure LLC expects to complete its new global headquarters in downtown Grand Rapids’ Studio Park in the first quarter of 2021.