Michigan Economic Development Corporation - Michigan Advantage Blog

Michigan Economic Development Corporation - Michigan Advantage Blog

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Economic Growth

WSJ, USA Today trumpet Michigan’s comeback

October 11, 2011 This Just In

The winning ways of the Detroit Tigers and Lions as well as Michigan and Michigan State have both The Wall Street Journal and USA Today trumpeting the Pure Michigan economic comeback. The Journal’s latest Michigan story declared “Detroit’s Engine Roars on Signs of Turnaround” and told readers, “If there is any place in a gloomy [...]

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Michigan leads comeback: home sales soar, Quicken hiring 500

September 13, 2011 Great Companies

With metro Detroit’s August home sales soaring by 19.4 percent over the same time in 2010, Detroit-based Quicken Loans is hiring another 500 staffers. Michigan, which lost more jobs than any other state during the past decade, has been a national comeback leader in recent weeks. Just this month, Newsweek / The Daily Beast ranked [...]

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MEDC approves new incentive programs for business, community development

August 24, 2011 Community Development

The Michigan Strategic Fund and the Michigan Economic Development Corporation have approved new economic development and community revitalization programs that will provide $100 million in incentives for highly competitive projects in Michigan, beginning on October 1, 2011.  “We are creating entirely new incentive programs to attract new business investment for job creation and redevelopment of our [...]

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Michigan business rankings climb

August 8, 2011 Economic Development

As the markets reacted to the nation’s lowered credit rating, several Michigan business indicators continue to rise. Michigan’s general obligations bonds rating rose from “stable” to “positive,” while the state is a national leader for job growth and just placed No. 1 in a new lending ranking of Small Business Administration loans. Fitch Ratings said [...]

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First-ever Small Business Outreach Tour offers free workshops for small business owners

August 3, 2011 Economic Development

Small business owners looking for tools to take their businesses to the next level can gain information, contacts and resources through the Small Business Outreach Tour taking place August 10 through September 30. The first-ever Small Business Outreach tour, sponsored by the Small Business Administration, will stop in 15 cities around the state. The free [...]

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MEDC creates $18.8 million program to bring technology to market

July 29, 2011 Entrepreneurship & Innovation

The MEDC is dedicated to helping transform technology developed at Michigan’s universities into marketable enterprises. Just recently the Michigan Strategic Fund approved the University Technology Acceleration and Commercialization (UTAC) program, an $18.8 million initiative through the 21st Century Jobs Fund. Developed using input from 19 universities, university partnerships, and nonprofits, the program will help form partnerships [...]

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National retailers, talent giving Detroit a fresh look

July 29, 2011 Community Development

Whole Foods Market this morning makes official months of speculation about plans to build a new store in Detroit’s growing Midtown, part of a string of national retailers giving Michigan’s largest city a fresh look. Just last week, Forbes reported “Neiman Marcus and Saks stick their toes into once-dead Detroit.” The retailers are part of [...]

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“Heyyy…” Michigan company’s ads showcase our cool state

July 13, 2011 Great Companies

Business, film, TV production and Michigan tourism intersected this week as the Detroit Free Press featured  the feel-good headline: Ads starring the Fonz help keep TV work in Michigan, an important reminder of how truly interconnected Michigan’s economy really is.  The heart of the story isn’t that Henry Winkler aka Fonzie from the 1970s sitcom [...]

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Forbes, CNBC praise Michigan’s growth

June 30, 2011 Economic Development

Forbes and CNBC are both focusing national attention on Michigan’s new economic progress. In a new Forbes blog, Forbes Detroit bureau chief Joann Muller writes, “A lot of people have been surprised by the speed and the relative ease with which (Gov. Rick) Snyder… is reshaping the state’s economy since taking office seven months ago.. [...]

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Arts and Culture: Important to Michigan

June 27, 2011 Arts & Culture

The Michigan Council for Arts and Cultural Affairs strengthens arts and culture in Michigan by increasing its visibility; supporting arts education; encouraging new, creative and innovative works of art; and broadening cultural understanding. One way they are doing this is the Pure Michigan tourism advertising campaign has produced a radio commercial aimed at promoting the [...]

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