©2018 Michigan Economic Development Corporation

Michigan Economic Development Corporation Celebrates Business Retention Success

Friday, November 09, 2001

Jennifer Kopp

th Business Retention Visit

Commemorates 30,000th Business Retention Visit

The Michigan Economic Development Corporation (MEDC) celebrated a milestone commemorating its 30,000th Michigan business retention visit today with Wolverine Carbide Die Company in Troy.

The MEDC has developed an aggressive business retention and expansion program and visits over 4,000 Michigan companies each year, offering customized business services.Since 1999, the MEDC has helped to create over 59,000 jobs and assisted over 700 Michigan-based businesses with expansion plans.

“We made a strategic decision to focus our efforts on assisting the businesses that we already have in the state grow and succeed,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“The results of this first class service to our in-state customers have been tremendous.Our state has been named the number one site for new business development and expansion for the past four years in a row.Much of this growth can be directly attributed to home grown companies already present in our state.”

The MEDC has one of the most experienced staff dedicated to business retention and expansion of any state in the nation ensuring that Michigan remains a viable place for companies to locate in a highly competitive environment.

“As a manufacturer of metal forming tools to the automotive industry, Wolverine Carbide has strived to stay ahead of the global competition through many innovative practices that we discovered at the MEDC,” said Nicholas Stavropolis, vice president of Wolverine Carbide.“I would like to thank Governor Engler for his vision and the people of the MEDC for their dedication to excellence in providing small companies with the tools necessary to build future success.”

The key to the MEDC’s service delivery system is the account manager assigned to companies in Michigan.The account managers are the MEDC’s sales force, assigned geographically throughout the state and serving as the single point of contact coordinating all state and local services required to meet Michigan business customer’s needs.

“Another aspect of the success of our business retention program is our unique partnership with local economic development agencies across the state,” said Rothwell.“By jointly calling on Michigan companies we are able to coordinate state and local efforts to service our customer, Michigan businesses.”

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.