Michigan Strategic Fund
Gov. Rick Snyder Wednesday announced Michigan Strategic Fund action to support nine business expansions expected to generate more than $81 million in investment and add 897 jobs in Michigan.
The Michigan Economic Development Corp. Wednesday announced Michigan Strategic Fund investments of $2.76 million into six growing technology companies through the Pure Michigan Venture Match Fund.
The eight expansions are expected to generate up to $95.8 million in new capital investments and add 789 new jobs in Michigan.
Grow Michigan LLC, a collaboration of the Michigan banking community, Michigan Economic Development Corp. and the Michigan Strategic Fund, Monday announced the completion of its $30 million initial round of capitalization and commencement of investing operations.
TechTown, Wayne State University’s business and technology company incubator and research park, said Monday that it had received a grant for $1 million over two years from the Michigan Economic Development Corp.’s Michigan Strategic Fund to form the Detroit Technology Exchange.
The Lansing Economic Area Partnership last week was awarded $500,000 from the Michigan Strategic Fund to support its business incubator activities through the Lansing Regional SmartZone.
The Michigan Economic Development Corp. has announced Michigan Strategic Fund investments of $4.5 million into two venture capital funds to help grow the venture capital industry in Michigan.
Ann Arbor Spark, the economic development organization for Washtenaw County, said Thursday it had been awarded $1 million from the Michigan Strategic Fund to support its business incubator activities via the creation of the new Washtenaw County Incubator Collaborative.
The Michigan Strategic Fund Wednesday approved state incentives to support 14 business expansions that are expected to generate more than $1.1 billion in investments and add 4,590 jobs in Michigan.
The Michigan Economic Development Corporation Wednesday announced Michigan Strategic Fund approval of Michigan Business Development and Community Revitalization program incentives to six companies planning expansions in the state. The projects are expected to generate nearly $117 million in investments and add 295 new jobs in Michigan.