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Economic Development

U.P. Perspective | Talent Update

U.P. Perspectives
July 15, 2019 2:00 PM

News from Amy Clickner and Lake Superior Community Partnership:

At the LSCP, we do approximately 500 business visits per year to make sure we understand the challenges and opportunities they are facing. The number one challenge we continue to hear, is the difficulty finding and retaining talent.

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News Release | Report: Michigan’s Small Businesses Received $1.5 Billion in Prime Federal Contracts in FY 2018

Michigan Business Network
July 5, 2019 11:00 AM

Nationally, Small Businesses Secured a Record-Breaking $120.8 Billion in Prime Federal Contracts, Supporting More Than 638,000 Jobs

DETROIT – The U.S. Small Business Administration’s release of the Fiscal Year 2018 Small Business Federal Procurement Scorecard shows a record-breaking $120.8 billion in prime federal contracts – 25.05% of the federal contracting dollars - were awarded to small businesses. The FY 18 numbers are an increase of nearly $15 billion over the previous fiscal year and mark the sixth consecutive year the federal government exceeded its small business contracting goal. Here in Michigan, approximately $1.5 billion in federal contracts went to area small businesses.

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News Release | Sale of Former Corrections Facility Provides Economic Opportunity for the City of Muskegon

Michigan Business Network
July 1, 2019 10:00 AM

LANSING, Mich. – The Michigan Land Bank Fast Track Authority announced Wednesday the sale of the former West Shoreline Corrections Facility to the City of Muskegon for redevelopment.

“We’ve had a great partnership with the City of Muskegon and I’m excited for the city to begin next steps on redevelopment,” Michigan Land Bank Interim Director Jeff Huntington said. “Today’s closing gives the city an opportunity to put the property back into productive use and back on the tax roll.”

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U.P. Perspective | Summer Tourism

U.P. Perspectives
July 1, 2019 8:00 AM

News from Amy Clickner and Lake Superior Community Partnership:

As you know, the Lake Superior Community Partnership works in economic development. But what folks often don’t realize is that tourism is an important component of economic development and contributes to the success of our region.


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Business Expansions, Community Revitalization Projects Around Michigan Attract $235 Million In Investment, Support Creation of 554 Jobs

Michigan Business Network
June 28, 2019 3:00 PM

German battery manufacturer AKASOL establishing North American presence in metro Detroit area High-tech semiconductor equipment manufacturer KLA plans additional investment, job creation in Ann Arbor MSF supports community revitalization projects in Detroit, Cadillac

LANSING, Mich. – Projects expected to generate $235.3 million in total investment and support the creation of 554 jobs in Michigan gained approval from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today.

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Rising Health Insurance Costs and Talent Acquisition Are Top Concerns of Business Owners According to Latest Michigan Future Business Index

Michigan Business Network
June 27, 2019 11:00 AM

LANSING, Mich., June 27, 2019 /PRNewswire/ -- The latest Michigan Future Business Index (MFBI) data show the rising cost of health insurance and acquiring talent are the top concerns for Michigan's small- to mid-sized business leaders.

Overall, business owners showed slower sales and profit results over the past six months, while wages and capital investment strengthened.

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MEDC | City of Saginaw receives certification as Redevelopment Ready Community

Michigan Business Network
June 26, 2019 8:00 AM

Designation facilitates private investment, improves economic development opportunities

LANSING, Mich. – For their efforts in establishing a solid foundation to attract private investment and further build on municipality assets, the city of Saginaw has been awarded the Redevelopment Ready Communities (RRC) certification, the Michigan Economic Development Corporation (MEDC) announced today.

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2019 Mackinac Policy Conference with Chris Holman

Michigan Business Network
June 18, 2019 3:00 PM

The Michigan Business Network had the opportunity to attend the 2019 Mackinac Policy Conference where they caught up with some of Michigan's top industry experts and leaders. These series of interviews took place at the Grand Hotel located on the beautiful Mackinac Island, May 29th and 30th.

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Manthei Veneer Secures $1.2 Million from USDA Through Great Lakes Energy Loan Program to FinishTheir Rebuild

Michigan Business Network
June 18, 2019 2:00 PM

Petoskey, Michigan -- The rebuilding of Manthei Veneer will move forward with the help of a $1.2 million loan through Great Lakes Energy’s (GLE) 0% Loan Program funded in cooperation with the United States Department of Agriculture (USDA). This loan is the largest given to date in the state of Michigan by the USDA through its Rural Economic Development Loan (REDL) program.

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Cybersecurity Company to Establish Headquarters in Grand Rapids Area

Michigan Business Network
June 18, 2019 1:00 PM

VDA Labs to add 25 jobs, invest $300k in new high-tech lab and headquarters with MSF support

LANSING, Mich. – VDA Labs, LLCa full-scope cybersecurity company, is establishing its headquarters in the Grand Rapids area to create a central hub for its business practices, the Michigan Economic Development Corporation announced today. The project is expected to generate a capital investment of $300,000 and create 25 high-wage, high-tech jobs. Michigan was chosen over competing sites in Texas, Wisconsin and Pennsylvania.

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