MEDC Press Releases

Tuesday, July 7, 2020

$15 million in agricultural safety grants to provide critical relief to Michigan’s farms and food processors

• Michigan Strategic Fund authorizes Michigan Agricultural Safety Grant Program to ensure workers’ safety • Funds to cover testing costs, personal protection equipment, facility needs and more to help mitigate risks of COVID-19 • Application period will open on July 15 at michiganbusiness.org/agsafety

Monday, July 6, 2020

Crowdfunding campaign launched for the A2AC murals project in downtown Ann Arbor

$50,000 goal to win matching grant through MEDC’s Public Spaces Community Places initiative

Thursday, July 2, 2020

Michigan’s Office of Future Mobility and Electrification Formally Launches, Sets Course for Economic Growth, Job Creation

Trevor Pawl named Chief Mobility Officer, to head Office of Future Mobility and Electrification

Wednesday, July 1, 2020

Community revitalization projects to support continued economic growth, local vitality around Michigan

• Seven community development projects will generate $5.7 million in private investment • Impacted communities include Kalamazoo, Allegan, Hastings, Adrian, Calumet, Iron Mountain and Mason • Projects will bring needed housing, new vibrancy to downtowns across state

Tuesday, June 30, 2020

Still time to support Michigan small businesses in COVID-19 recovery efforts through MEDC crowdfunding program

• MI Local Biz program allows Michigan-based small businesses to raise funds to win matching dollars from MEDC • Businesses statewide still seeking support from customers, supporters, family, and friends to access the matching MEDC funds • Donations to participating businesses can be made at https://www.patronicity.com/milocalbiz

Thursday, June 25, 2020

58 Early-Stage Tech Companies Receive $3 Million in Support from State’s Tech Startup Stabilization Fund

• Administered by ID Ventures in Detroit, the fund supports companies spanning from Upper Peninsula to southeast Michigan • Companies represent information technology, life sciences, advanced manufacturing and mobility industries • Fund builds on state’s comprehensive entrepreneurial support including the Michigan Entrepreneur Resilience Fund, the Business Accelerator Fund and the Pre-Seed III Fund

Wednesday, June 24, 2020

Business expansions bring new investments, signal continued economic recovery in Southeast Michigan

• Two business expansion projects expected to generate total private investment of $28.6 million, create 115 jobs • Longstanding steel solutions provider expanding in Monroe County, creating 65 high-paying jobs • Global leader in software and autonomous solutions expanding in Novi, adding 50 high-wage, high-tech jobs

Tuesday, June 23, 2020

Critical support for small businesses, community revitalization efforts approved by Michigan Strategic Fund

• Detroit Development Fund loans to provide critical capital for small businesses impacted by COVID-19 virus • Community revitalization projects in Lansing, Bay City and Sault Ste. Marie leverage vital federal dollars to bring new opportunities for economic growth, local vitality • Magna Seating expansion in Highland Park builds on state’s automotive industry, strong signal of economic recovery in Michigan

Tuesday, June 23, 2020

Whitmer: Magna’s investment in Highland Park creating 480 jobs, helping drive economic recovery in Michigan

● Mobility tech company will add 480 jobs, invest $35.4 million in Highland Park with support from the Michigan Strategic Fund ● Expansion provides significant momentum for Michigan’s economic recovery following COVID-19 ● Project solidifies company’s presence in state, underscores Michigan's leadership in advanced auto manufacturing and mobility

Thursday, June 18, 2020

Two Communities Announced for Select Level of the Michigan Main Street Program

Historic North End neighborhood of Detroit, Downtown Grosse Pointe join 23 other Michigan communities taking a strategic approach to revitalizing their downtowns and commercial districts