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MEDC | MI Business Report: Late June 2023 - Planning on Economic Success

Michigan Business Network
June 21, 2023 10:00 AM

MEDC logoIntroducing the Michigan Economic Development Guide

Where do Michigan’s economic triumphs across all sectors come together? In the new Michigan Economic Development Guide for 2023-2024. The magazine explores Michigan’s rich history of innovation and business-friendly environment that make the state the perfect place to grow.


Hear about molding Michigan into a lucrative landscape from Governor Gretchen Whitmer. Discover the factors that enticed Ford, Hemlock Semiconductor and General Motors to expand in the state from the Michigan Economic Development Corporation’s (MEDC) CEO Quentin L. Messer Jr. Learn about the advantages available to Michigan-based businesses according to CEOs from companies such as KLA, Orbion Space Technology and Stellantis.

The magazine also covers Michigan’s climate change preparedness, higher education and research assets, how industries including mobility, advanced manufacturing and agribusiness are booming, and much more.


First-Ever Michigan Innovation Summit Talks Regional Tech Hubs

Lieutenant Governor Garlin Gilchrist II led the inaugural Michigan Innovation Summit on June 9. State leaders, tech entrepreneurs and community members met to discuss how to win federal funding for a new regional tech hub that will help develop the state’s key growing industries. The Economic Development Administration will choose three tech hubs in Michigan’s region, which is shared by Illinois, Indiana, Minnesota, Ohio and Wisconsin.

Summit attendees heard five-minute presentations from four regions, each with a different focus:

  • Fresh water in northern Michigan
  • Battery production in Grand Rapids
  • Applied research in Lansing
  • Mobility in southeast Michigan

The pitches included what a tech hub would look like in their community and how they would make their case. The presentations were followed by audience discussion and breakout sessions to look at project strengths. The Michigan Infrastructure Office will use the feedback to help inform how the state applies for the federal funding.

Small Businesses Invited to Join the Biggest Snack Competition in America

Small businesses that focus on the sweet and savory can attend the MI New Favorite Snack competition and public exhibition in Port Huron on Sept. 9. The competition will dish out more than $75,000 in cash prizes, and the top winner will earn a distribution agreement with All Star Services, a company that supplies workplaces with food and beverages.

The deadline for registration is June 30, with a $100 entry fee. Eligible vendors must be Michigan-based with 10 employees or fewer and have the appropriate licensing, insurance and packaging for consumer purchase.

Detroit Designers Bring the City’s Fashion to Florence

This week, the MEDC is helping six Detroit-based designers attend Pitti Uomo, a men’s clothing and accessory show in Florence, Italy. The twice-a-year gathering draws industry retailers, buying agents, editors and enthusiasts from around the globe. With access to business matchmaking between buyers and suppliers and international support services, B.May Bags, Boswell Millinery, Detroit Denim Co., Deviate, K. Walker Collective and a collaboration between the College for Creative Studies and Carhartt are putting Michigan’s fashion industry on the world stage.

LISTEN: The Michigan Opportunity Podcast

Hear Roberta Dall’Olio, director of the European Association of Development Agencies (EURADA), discuss fostering cooperation between regional economic development organizations in the EU. EURADA is responsible for building and advocating for EU projects across 20 countries and 70 regions. Learn how Dall’Olio and EURADA have established strong ties with the United States to support continued growth, especially with the International Economic Development Council and its CEO, Michigan native Nathan Ohle.

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Michigan Business Network is an online broadcasting company that provides knowledge, news, and insights into Michigan’s businesses, industries, and economy.