michigan economic development corporation http://michiganradio.org en Do you think two signatures are enough to approve state business incentives? http://michiganradio.org/post/do-you-think-two-signatures-are-enough-approve-state-business-incentives <p></p><p>One state lawmaker says it's "like controlling very large purse strings with very little accountability."</p><p>Since 2011, more than $65 million in state money has been awarded to businesses all around Michigan, all on the signatures of just two individuals.</p><p>Is this a worrisome lack of transparency? Or a good effort by the Michigan Economic Development Corporation to be nimble, to be able to get state incentives into the hands of businesses to help them grow and strengthen Michigan's economy?</p><p>Chris Gautz reported on this for Crain's Detroit Business.</p><p><em>*Listen to full interview above.&nbsp;</em></p><p> Wed, 11 Jun 2014 23:37:33 +0000 Stateside Staff 17963 at http://michiganradio.org Do you think two signatures are enough to approve state business incentives? Detroit Free Press reporter investigates how state agency lobbied for Severstal http://michiganradio.org/post/detroit-free-press-reporter-investigates-how-state-agency-lobbied-severstal <p></p><p></p><p>It was June 2012 when Gov. Rick Snyder and Michael Finney, the CEO of the Michigan Economic Development Corporation, attended a ceremony at the Severstal&nbsp;steel plant in Dearborn.&nbsp;</p><p>The two spoke with the CEO of the steel plant, Sergei Kuznetsov.&nbsp;</p><p><a href="http://www.freep.com/article/20140504/NEWS02/305040079/severstal-emails-worst-air-polluters">A Detroit Free Press investigation raises questions</a> about what happened after that conversation in the summer of 2012.&nbsp;</p><blockquote><p>The Michigan Economic Development Corp., Gov. Rick Snyder's business-promoting agency, worked for months behind the scenes with one of the state's most flagrantly polluting businesses as the company lobbied the Michigan Department of Environmental Quality for permission to release even higher levels of pollutants and avoid current air quality regulations, DEQ e-mails obtained by the Free Press show.</p></blockquote><p><span style="line-height: 1.5;">Keith </span>Matheny<span style="line-height: 1.5;">, a writer for the Detroit Free Press, joined us to talk about the investigation.&nbsp;</span></p><p><em>*Listen to the full interview above.&nbsp;</em></p><p> Mon, 12 May 2014 18:25:56 +0000 Stateside Staff 17563 at http://michiganradio.org Detroit Free Press reporter investigates how state agency lobbied for Severstal Lawmakers ask for EPA oversight at Dearborn steel mill, call state permitting process "tainted" http://michiganradio.org/post/lawmakers-ask-epa-oversight-dearborn-steel-mill-call-state-permitting-process-tainted <p>Two state lawmakers are calling on the US Environmental Protection Agency to step in and help regulate a Dearborn steel mill.</p><p>State Representatives Rashida Tlaib and George Darany say the state can no longer be trusted to oversee and enforce environmental laws against the Severstal steel facility.</p> Wed, 07 May 2014 11:00:00 +0000 Sarah Cwiek 17504 at http://michiganradio.org Lawmakers ask for EPA oversight at Dearborn steel mill, call state permitting process "tainted" MEDC, Huntington Bank announce microlending program for small businesses http://michiganradio.org/post/medc-huntington-bank-announce-microlending-program-small-businesses <p>The Pure Michigan Micro Lending Initiative will begin with $5 million from Huntington Bank to small local businesses in Detroit. The bank has also pledged $25 million to expand the program across the state in the next five years.</p><p>The program is a partnership between the Michigan Economic Development Corporation, Huntington Bank,&nbsp; the Detroit Development Fund and the Snyder administration. It will provide loans to small businesses anywhere from $500 to $50,000 dollars.</p> Wed, 06 Nov 2013 13:48:36 +0000 Michigan Radio Newsroom 15138 at http://michiganradio.org MEDC, Huntington Bank announce microlending program for small businesses $10 million program creates 1,000 jobs http://michiganradio.org/post/10-million-program-creates-1000-jobs <p>Governor Snyder says the Community Ventures program created 1,000 jobs in the past year. It's a pilot program in Saginaw, Pontiac, Flint and Detroit focused on bringing jobs to the long-term unemployed.<br><br>Mike Finney is the president and CEO of the Michigan Economic Development Corporation, which partnered with government agencies to bring jobs to those cities. He says the Community Ventures program mostly provides manufacturing jobs.</p> Fri, 20 Sep 2013 19:21:03 +0000 Michigan Radio Newsroom 14526 at http://michiganradio.org $10 million program creates 1,000 jobs $7.5M fund aims to boost UM medical discoveries http://michiganradio.org/post/75m-fund-aims-boost-um-medical-discoveries <p>ANN ARBOR, Mich. (AP) - A new $7.5 million fund aims to help University of Michigan medical discoveries move from the laboratory to the market.<br><br>The Ann Arbor school says Monday the effort will help its Medical School and its Office of Technology Transfer identify and advance medical research projects with a high potential of commercial success.<br><br>The fund will be called the U-M MTRAC for Life Sciences. MTRAC stands for Michigan Translational Research and Commercialization.<br><br>The effort is funded in part by a $2.4 million grant from the Michigan Economic Development Corporation's 21st Century Jobs Fund.<br><br>It's one of several research commercialization efforts funded by the MEDC. Mon, 04 Mar 2013 18:05:00 +0000 The Associated Press 11502 at http://michiganradio.org $7.5M fund aims to boost UM medical discoveries Pure Michigan logo won't pair up with 'right-to-work' again http://michiganradio.org/post/pure-michigan-logo-wont-pair-right-work-again <p>The Michigan Economic Development Corporation (MEDC) got some heat after this ad appeared in the Wall Street Journal last month (photo courtesy of <a href="http://www.myfoxdetroit.com/story/20550971/right-to-work-ad-ripped-for-link-to-tourism-brand">MyFoxDetroit</a>):</p><p></p><p>It cost MEDC&nbsp; $144,000.</p><p>MEDC is a public-private entity and functions as a marketing firm for the state of Michigan. MEDC officials say only private money was spent on the Wall St. Journal ad.</p><p>But tying the state's 'Pure Michigan' brand to a controversial new law was roundly criticized by Democrats and by some <a href="http://www.mlive.com/business/index.ssf/2013/01/pure_michigan.html">advertising experts</a>.</p><p>Republican Gov. Rick Snyder said the ad was "<a href="http://www.michiganradio.org/post/governor-snyder-questions-ad-tying-pure-michigan-brand-right-work">too specific, and possibly divisive</a>."</p><p><a href="http://www.detroitnews.com/article/20130214/POLITICS02/302140425#ixzz2Kti51vpe">The Detroit News</a> reports today that MEDC won't do it again:</p><blockquote><p>The Michigan Economic Development Corporation has halted use of the Pure Michigan logo in advertisements promoting the new right-to-work law following backlash from Democrats and criticism from Republican Gov. Rick Snyder.</p><p>"At this point any further advertising on that level or in that style has been put on hold," Jim McBryde, vice president of government affairs, told the House Tourism Committee Thursday morning.</p><p>Mike Finney, president and CEO of the MEDC, is re-evaluating use of the tourism logo in economic development advertisements, McBryde said.<br> Thu, 14 Feb 2013 18:06:13 +0000 Mark Brush 11236 at http://michiganradio.org Pure Michigan logo won't pair up with 'right-to-work' again Governor Snyder questions ad tying Pure Michigan brand to right-to-work http://michiganradio.org/post/governor-snyder-questions-ad-tying-pure-michigan-brand-right-work <p>Governor Rick Snyder says he would not have tied the Pure Michigan brand so closely with the state’s controversial right-to-work law in a recent ad.</p><p>The Michigan Economic Development Corporation has been taking criticism for the ad, which appeared in the Wall Street Journal.</p><p>It promotes right-to-work alongside a logo for the state’s popular tourism campaign.</p><p>Governor Snyder said he thinks the message was too specific, and possibly divisive.</p> Mon, 14 Jan 2013 22:10:51 +0000 Jake Neher 10765 at http://michiganradio.org Governor Snyder questions ad tying Pure Michigan brand to right-to-work Snyder pitches Michigan, economic development strategy at Detroit Auto Show http://michiganradio.org/post/snyder-pitches-michigan-economic-development-strategy-detroit-auto-show <p>Governor Snyder announced that Hyundai will expand its Hyundai-Kia America Technical Center in Superior Township, just south of Ann Arbor.<br /><br /> Speaking just after touring the Detroit Auto Show Tuesday, the Governor said <a href="http://www.freep.com/article/20120110/BUSINESS03/120110046/Snyder-promises-tweak-tax-incentives?odyssey=mod|autoshowbreaking|text|FRONTPAGE">the project is a &ldquo;good model&rdquo;</a> for the state&rsquo;s revamped economic development strategy.<br /><br /> The Korean automaker plans to put more than $15 million into expanding its technical center. The new &ldquo;environmental chamber&rdquo; will test vehicle emissions at extreme temperatures, helping it meet new fuel efficiency standards.<br /><br /> But do that, the company needed a bigger power supply than DTE Energy could reliably provide. So, the Michigan Economic Development Corporation is chipping in $2.5 million to build a new power substation.<br /><br /> Snyder says that&rsquo;s a departure from the tax incentive-based strategy the state has used in the past. &ldquo;Our goal here is to be an enabler, in terms of letting companies in the private sector be successful, because that&rsquo;s how you lead to true long term viable job creation,&rdquo; Snyder said.<br /><br /> The idea is that Hyundai will eventually repay the state through tax revenues it pays to Superior Township. The state can then use that money to finance other economic development projects. Tue, 10 Jan 2012 21:42:37 +0000 Sarah Cwiek 5726 at http://michiganradio.org Snyder pitches Michigan, economic development strategy at Detroit Auto Show 4 projects awarded state tax incentives http://michiganradio.org/post/4-projects-awarded-state-tax-incentives <p>The Michigan Economic Development Corporation <a href="http://www.michiganadvantage.org/Press-Releases/MEGA-approves-Detroit-Meijer-and-Grand-Rapids-urban-market/">approved tax breaks Tuesday</a> in exchange for new investment and jobs.</p><p>MEDC spokesman Joseph Serwach says one of the four projects receiving tax breaks includes a much-needed grocery store in the City of Detroit.</p> Tue, 15 Nov 2011 18:30:45 +0000 Lindsey Smith 4999 at http://michiganradio.org 4 projects awarded state tax incentives Europe’s largest online hotel reservation company expanding in West Michigan http://michiganradio.org/post/europe%E2%80%99s-largest-online-hotel-reservation-company-expanding-west-michigan <p>Booking.com is a subsidiary of Priceline.com. The company put its first North American call center in the Grand Rapids suburb of Wyoming because there are a lot of tech-savvy young people who are fluent in many European languages.</p><p>&ldquo;It&rsquo;s important because at different times of the day and on weekends or holidays in other countries, they&rsquo;re switching those calls here,&rdquo; said Sue Jackson, Vice President of Business Development at <a href="http://www.rightplace.org/">The Right Place</a>. The economic-development group helped attract the company in 2008 and secured the latest expansion.</p><p>&ldquo;We&rsquo;re thrilled, obviously,&rdquo; Jackson said about the 562 fulltime jobs the company is expected to create over the next 3 years. &ldquo;That&rsquo;s a lot of jobs for us.&rdquo;</p><p>There are already more than 400 workers at the Wyoming facility. They provide technical support solving problems for travelers trying to book hotels online overseas.</p><p>&ldquo;It is a credit to the multi-lingual skills and work ethic of West Michigan&rsquo;s workforce that priceline is increasing its investment in our region,&rdquo; said Jackson. Tue, 18 Oct 2011 22:02:19 +0000 Lindsey Smith 4627 at http://michiganradio.org How much will Governor Snyder's trip to Asia cost? TBD http://michiganradio.org/post/how-much-will-governor-snyders-trip-asia-cost-tbd <p>Tomorrow, Governor Rick Snyder heads off to Asia with a delegation of Michigan political leaders and business officials on a trade mission.</p><p>He&#39;ll spend a week traveling to Japan, China, and South Korea.</p><p>Michigan Radio&#39;s Tracy Samilton will travel with the Governor and report on the stops in Shanghai and and Beijing.</p><p><a href="http://michiganradio.org/post/how-much-will-governor-snyders-trip-asia-cost-tbd">Samilton reported</a> on Governor Snyder&#39;s goals for the trip:</p><blockquote><p>The ultimate goal is creating more jobs in the state.&nbsp; But the Governor has been careful to downplay expectations of new jobs right away.&nbsp;</p><p>&nbsp;&quot;In terms of specific deals to be announced,&quot; Snyder says, &quot;I don&rsquo;t have high expectations there.&nbsp;&nbsp;This is more about starting the relationships and then looking six months, a year out, after subsequent meetings and followup and discussions,&nbsp;will there be actual investment or will there be more exports.</p></blockquote><p><strong>So, how much?</strong></p><p>We asked our <a href="http://www.facebook.com/michiganradio">Facebook fans</a> what they wanted to know about Snyder&#39;s trade mission.</p><p>Many were curious to know how much is being spent on the trip.&nbsp;</p><p>Samilton put this question to Michael Shore <span class="gI">at the </span>Michigan Economic Development Corporation.</p><p>Here&#39;s his response:</p><ul><li><em>The trade mission costs will come either from contributions to the Michigan Economic Development foundation, a non-profit that supports economic development in Michigan through corporate contributions, or from MEDC corporate revenues, which derive from sources other than the state general fund. No taxpayer dollars are being spent for those traveling on behalf of the State of Michigan.</em></li></ul><p>MEDC officials followed up that e-mail with this:</p><ul><li><em>Local officials and other non-state of Michigan people going on the trip are responsible for paying their own way. The cost of the trip will be disclosed after the trade mission.</em></li></ul><p>So the cost is to be determined, but they wanted to make clear that &quot;no taxpayer dollars [will be] used to fund the State of Michigan official delegation, which includes the Governor.&quot;</p><p><strong>Other trade trips by Michigan Governors</strong></p><p>The last Michigan Governor to visit China was former-Governor John Engler.</p><p>Former Governor Jennifer Granholm never made a trip to the country, though she did take many trade trips, according to <a href="http://www.crainsdetroit.com/article/20110823/FREE/110829971/snyders-first-trip-overseas-to-include-first-stop-in-china-since-engler-visit#">Crain&#39;s Detroit Business</a>:</p><blockquote><p>...Jennifer Granholm was active in going abroad and led 13 overseas trade missions to 10 countries, including Japan and South Korea.</p></blockquote><p> Fri, 23 Sep 2011 17:01:02 +0000 Mark Brush 4282 at http://michiganradio.org How much will Governor Snyder's trip to Asia cost? TBD Using "Pure Michigan" campaign to rebrand the state's business climate http://michiganradio.org/post/using-pure-michigan-campaign-rebrand-states-business-climate <p>The &ldquo;Pure Michigan&rdquo; tourism campaign targeted a new audience over the weekend&hellip;.NASCAR fans.&nbsp;&nbsp; The state tourism marketing campaign sponsored the nationally televised &ldquo;Pure Michigan 400&rdquo; race on Sunday at Michigan International Speedway. &nbsp; It&#39;s part of the state&rsquo;s 25 million dollar tourism promotion budget.&nbsp;&nbsp;</p><p>Michael Finney is the President the Michigan Economic Development Corporation. &nbsp;He says the NASCAR sponsorship is part of an evolution of the marketing campaign.&nbsp;&nbsp;</p> Sun, 21 Aug 2011 17:52:31 +0000 Steve Carmody 3842 at http://michiganradio.org Using "Pure Michigan" campaign to rebrand the state's business climate