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MEDC Board will Name Jim Epolito to Lead State's Economic Development Efforts

Wednesday, June 29, 2005

Michael Shore, MEDC
(517) 335-4590

New CEO Brings Outstanding Business Record to Position

The Michigan Economic Development Corporation (MEDC) today announced that James Epolito will be named the organization's new president and CEO. The MEDC board is expected to approve Epolito's contract before he assumes his new post on September 1.

"We are taking the nation's premier economic development organization to the next level by placing Jim Epolito at the helm," said Matthew Cullen, chairman of the MEDC Executive Committee. "Epolito is a proven business leader who will ensure that this highly regarded organization continues its outstanding track record - and builds on it."

Current MEDC President and CEO Donald Jakeway will lead the MEDC's international economic development efforts and high profile events that include the Forbes CEO Conference on Mackinac Island in September and the National Football League Super Bowl in Detroit next February.

"In a new global economy, Don Jakeway recognizes the critical importance of expanding the state's international presence," Cullen said. "Don has opened new opportunities for the MEDC on the international front and we look forward to his further contributions as he focuses his efforts on our international endeavors and key spotlight events."

The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.