Displaying items by tag: Michigan Strategic Fund

The Michigan Strategic Fund has approved a $10 million COVID-19 relief grant program for small businesses that were harmed by recent state restrictions affecting restaurants and entertainment facilities.

 GRAND RAPIDS — Perrigo Co. plc’s planned North America headquarters in downtown Grand Rapids adds a major new player to the Medical Mile academic, research and health care cluster as well as a potential new partner for Michigan State University.

GRAND RAPIDS — Executives at Perrigo Co. plc believe the company’s new North American headquarters will fit in neatly with the city of Grand Rapids’ burgeoning health care sector along Medical Mile. 

A new capital fund seeded with state money got off to a quick start and has made investments in a half dozen young technology companies since launching two months ago.

Here is the MiBiz Growth Report for September 27, 2020.

FREMONT — The Michigan Strategic Fund has approved a 10-year Renaissance Zone tax abatement for Gerber Products Co.’s $36 million expansion at its Fremont facility.

GRAND RAPIDS — Local housing nonprofits are beginning to vet dozens of vacant properties made available through the state’s Land Bank Authority in an effort to fill the city’s need for affordable housing.

LANSING — A bipartisan bill package in the state Legislature would create a pilot program and new tax incentive to promote affordable housing, business development and blight elimination projects in economically distressed areas of Michigan.

GRAND RAPIDS — The Michigan Strategic Fund board has approved brownfield tax incentives totaling $4.4 million for the renovation of the Vandenberg Center in downtown Grand Rapids to transform the underutilized properties.

As the COVID-19 pandemic battered Michigan’s economy through the spring and early summer, the number of people forming their own businesses grew exponentially.