Michigan Economic Development Corporation

ANN ARBOR, MI (MPRN)--   Businesspeople are relatively bullish on Michigan’s economic outlook for 2019, according to a new survey.

That survey was the subject of Tuesday’s meeting at the Detroit Economic Club.

It showed faith in Michigan’s short-term economic outlook is higher than the national average. But it also hints at worries about a possible longer-term slowdown, especially if national issues like trade policy stay unresolved.

Jeff Mason is CEO of the Michigan Economic Development Corporation. He admits that’s a possibility.

MANISTIQUE, MI--   The Michigan Strategic Fund has approved support for the UP Paper mill in Manistique. 

The Michigan Economic Development Corporation announced this week a $1.9 million award that will enable a $4.25 million working capital line of credit from Crestmark, a division of Meta Bank.

GOGEBIC COUNTY, MI--   Economic development initiative Invest UP is creating a resource stimulus program to help offset the closure of the Ojibway Correctional Facility in Gogebic County. 

Invest UP members mBank of Manistique and People’s State Bank of Munising are partnering with Gogebic Range Bank and First National Bank of Wakefield. They’re providing a $5 million low fixed-interest-rate commercial loan pool accessible to companies in the region. 

MARQUETTE, MI--   Marquette is one of three communities in the state to receive a façade restoration grant from the Michigan Economic Development Corporation. 

Officials will award the $300,000 grant to the Downtown Development Authority Friday.

The Façade Restoration Initiative provides matching funds of up to 50 percent of façade restoration costs to DDAs, Main Street organizations, principal shopping districts, or local authorities.

LANSING, Mich. (AP) — Business leaders from seven Michigan companies are traveling to South America on a trade mission to increase export opportunities.
       The Michigan Economic Development Corp. says the trade mission starts Sunday and runs through Nov. 11 in Brazil and Argentina.
       The trade mission will include meetings with prospective business partners, distributors and customers. It is being led by the Conference of Great Lakes St. Lawrence Governors and Premiers in partnership with the Michigan Economic Development Corp.'s International Trade Program.

MARQUETTE, MI--   The Michigan Center for Automotive Research is holding a workshop in Marquette this week to help municipal leaders understand how changes in the automotive industry might affect them.

LANSING, MI (AP)--   Michigan's top economic development official is stepping down after 2½ years on the job. 

Gov. Rick Snyder announced Steve Arwood's departure Wednesday, effective June 30.

The 54-year-old Arwood is CEO of the Michigan Economic Development Corp. and president and chairman of the Michigan Strategic Fund. He previously helmed two state departments for the Republican governor and the Unemployment Insurance Agency.

HOUGHTON, MI--   The City of Houghton has launched a crowdfunding campaign to raise money for a new, professional-grade skate park.

If the Patronicity campaign reaches its $50,000 goal by June 9 the project will get a matching grant from the Michigan Economic Development Corporation’s Public Spaces Community Places program. The park would be built in Houghton East Waterfront Park.

SAULT STE. MARIE, MI--   Sault Ste. Marie is one of three cities around the state to be chosen to take part in the Selected Level Michigan Main Street Program.

Under the program the Soo will receive five years of technical assistance from the Michigan Economic Development Corporation. The focus will be on strategies designed to attract new residents, business investments, economic growth, and job creation to the central business district. 

GLADSTONE, MI--   A crowdfunding campaign has been established for the Little Bay de Noc Trail between Escanaba and Gladstone. 

The Michigan Economic Development Corporation and City of Gladstone announced the Patronicity campaign Monday.  If it reaches its $35,000 goal by January 27 the project will win a matching grant from the MEDC’s Public Spaces Community Places program.