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</html>";s:4:"text";s:41282:"Found inside... Michigan Strategic Fund . ... Strategic Economic Investment and Commercialization ... Michigan Underground Storage Tank Facilities Assurance Authority . The Michigan Strategic Fund approved projects and initiatives that are expected to generate a total capital investment of $173.6 million and create 473 jobs, according to the Michigan Economic Development Corp. "Today's actions by the MSF board continue to lay the path for economic prosperity for Michigan's residents, businesses, and . "The Michigan Strategic Fund's approval of the MIThrive financing represents a major step forward for Detroit and other Michigan cities that are rebuilding," said Mayor Mike Duggan. Communities will use the grants to improve or replace water lines, water mains and related facilities, and sanitary and storm sewer lines and related facilities. Contact: Kathleen Achtenberg, achtenbergk@michigan.org. Individuals interested in careers with Sartorius should visit, "The staff at Ann Arbor SPARK has worked incredibly hard to bring this opportunity to the city of Ann Arbor and we thank the MEDC, the Michigan Strategic Fund, and Governor Whitmer for approving the business development grant in support of Sartorius's new facility,", Paul Krutko, president and CEO of Ann Arbor SPARK, said. For more information on the MEDC and our initiatives, visit, chigan® tourism information, your trip begins, https://www.sartorius.com/en/company/career. Michigan Strategic Fund 300 North Washington Square Lansing, Michigan Dear Mr. Rothwell: We have audited the financial statements of the Michigan Strategic Fund, a component unit of the State of Michigan, as of and for the fiscal years ended September 30, 2002 and September 30, 2001, as identified in the table of contents. The purpose of the program is to accelerate . Whitmer's appointees to the Michigan Strategic Fund board include: Britany Affolter-Caine, of Ypsilanti, executive director and program manager of University Research Corridor, for a term ending . Posts about Michigan Strategic Fund written by aromkema. "Today's MSF projects and initiatives create hundreds of jobs, fix critical water infrastructure, and expand on our leadership in the future of mobility and electric vehicles. michigan strategic fund French IT firm Atos makes $10 billion DXC takeover approach: Sources Atos, which is working with advisers on a bid for the former Hewlett Packard Enterprise business, made a formal approach to New York-listed DXC this week, the sources told Reuters on condition of anonymity. 2014-6, compiled at MCL 125.1995. Found inside – Page 132Strategies in a Competitive World Economy R. Scott Fosler. peting roles will be balanced. ... The Michigan Strategic Fund. This fund will provide a wide ... Supporting Hundreds of Jobs and Water Infrastructure, Support for Ford's continued growth and creation of 450 additional jobs underscores Michigan's ongoing leadership in advanced mobility and manufacturing. garage sales, pawn shops) and MSF Board Governor Snyder signed Executive Order 2012-9 on June 26, 2012 abolishing the MEGA Board and transferring the various responsibilities of the MEGA to the Michigan Strategic Fund effective August 25 . MICHIGAN STRATEGIC FUND ACT (EXCERPT) Act 270 of 1984 CHAPTER 8E 125.2090l Definitions. ", The Michigan Economic Development Corporation is the state's marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan's economy. Family-owned craft distributor to launch $33 million expansion. "Thanks to this new tool, we will be able to make sure these projects realize their full potential to create thousands of new jobs in our cities." On December 31, 2018, the U.S. Department of Treasury published final regulations amending the public approval requirements for tax-exempt private activity bonds. The Michigan Business Development Program is a new incentive program available from the Michigan Strategic Fund (MSF), in cooperation with the Michigan Economic Development Corporation (MEDC). 5 million in relief for Michigan small businesses and live event venues. In addition, MSF approved up to $550,000 in CDBG funds to provide administrative services to assist the communities with the compliance and administrative requirements of the awards. The Michigan Economic Development Corp. (MEDC) in Lansing announced the Michigan Strategic Fund (MSF) has approved a grant amendment for $6.5 million for the Michigan State University Foundation to support high-tech startup companies and innovative technologies in Michigan at the university level through the Pre-Seed III fund. Found inside – Page 153Dr. James Kenworthy , Manager Research and Technology Michigan Strategic Fund 525 West Ottawa Street , 3rd Floor Lansing , MI 48933 ( 517 ) 373-0349 ... Middleville is one of 11 communities that will be able to make water-related infrastructure improvements, thanks to a grant from the Michigan Strategic Fund. "From creating good-paying jobs and leading the world in electric vehicle development and manufacturing, to building on our globally renowned life sciences sector, to supporting our communities and promoting Michigan as a world-class travel destination and business location, the actions taken today underscore our commitment to making Michigan the No. On West McNichols, the site of a vacant building will be transformed into a new mixed-use building. Found inside – Page 136Michigan Strategic Fund Established in 1985 , the Fund is a " wholesaler " of development finance . It has been able to leverage 21 private dollars for ... The Michigan Strategic Fund has approved a $10 million COVID-19 relief grant program for small businesses that were harmed by recent state restrictions affecting restaurants and entertainment facilities.. The Michigan Strategic Fund (MSF) is required to submit an annual report to the Governor and the Michigan Legislature summarizing activities and program spending for the previous fiscal year. Qualified), Series 2010B (CFP Michigan, LLC State of Michigan Departmental Offices Lease Project) (the "Series 2010B Bonds" and together with the Series 2010A Bonds, the "Series 2010 Bonds") to be issued equally and ratably by the Michigan Strategic Fund in denominations of $100,000 and $5,000 increments in excess thereof. "Water quality is a serious part of public health for any community," said VanderWall, R-Ludington. Join the conversation on: Facebook, Instagram, LinkedIn, and Twitter. Found inside – Page 287STATE OF MICHIGAN JAMES J. BLANCHARD , Governor MICHIGAN STRATEGIC FUND P.O. BOX 30234 , LAW BUILDING , LANSING , MICHIGAN 48909 ( 517 ) 373-7550 PETER ... "As we accelerate Michigan's economic growth, . Michigan Strategic Fund Actions Help to Drive Economic Recovery Around the State, Position Michigan for Future Prosperity Contact:. ", The Michigan Strategic Fund also approved $14.9 million in, Community Development Block Grant Water-Related Infrastructure (WRI) grants. to invest an additional approximately $250 million and add 450 more direct jobs across all three of its Michigan facilities in Dearborn, Ypsilanti, and Sterling Heights, increasing its production capacity to 80,000 trucks a year. By amending the qualified investment amount, the value of the SESA exemption will increase from $3,185,000 to $6,078,750. If any person with a disability needs accommodations to participate in this meeting, please contact Katelyn Wilcox at (517) 899-9070 at least one day prior to the meeting. The Michigan Strategic Fund approved $14.9 million in community development block grant (CDBG) water-related infrastructure grants to accelerate economic development and assist low- and moderate-income communities in making improvements or upgrades to their existing water, sewer and wastewater public infrastructure systems. ", About Michigan Economic Development Corporation (MEDC). LANSING, Mich. — Sen. Curt VanderWall on Tuesday announced a $2 million Michigan Strategic Fund grant has been awarded to the city of West Branch to support water quality infrastructure upgrades. These financial The Michigan Strategic Fund approved two new grant programs totaling $58. and Ann Arbor SPARK to reach local talent in disadvantaged areas. Together, we can build back our economy stronger than ever before. The city of Ann Arbor has been working with the Michigan Department of Transportation on an application to the Transportation Economic Development Fund that would provide critical road improvements needed to support the development. The $3 million Tech Startup Stabilization Fund supports early-stage tech startups in Michigan that are being impacted by the COVID-19 outbreak. Administered by the Michigan Economic Development Corporation (MEDC) on behalf of the Michigan Strategic Fund (MSF), this tool provides Michigan communities with access to real estate development gap The TEFRA Requirements must be satisfied as a precondition to the issuance of tax exempt private activity bonds, including exempt facility bonds and qualified 50l(c)(3) bonds. The Michigan Economic Development Corp. (MEDC) in Lansing announced the Michigan Strategic Fund (MSF) has approved a grant amendment for $6.5 million for the Michigan State University Foundation to support high-tech startup companies and innovative technologies in Michigan at the university level through the Pre-Seed III fund. No. Michigan as a premiere place to live, work, visit, and play, . The 11-member MSF board has statutory authority to direct state appropriations to support business development, community development, talent enhancement and state marketing activities . To read the full press release on contracts awarded for Michigan business and travel marketing, visit here. Applications for the Pure Michigan Small Business Relief Initiative are expected to open within the next two weeks, state officials said Monday at a Michigan Strategic Fund board meeting. Popular name: Strategic Fund The Michigan Community Revitalization Program (MCRP) is an incentive program to promote private investment in Michigan communities. Found inside – Page 7891988 3-28-89 975 Michigan Strategic Fund Ser . 1989 B - 1 3-28-89 1,200 Michigan Strategic Fund Ser . 1989 B2 3-28-89 900 Michigan Strategic Fund Ser . "We are focused on growing Michigan . The CDFI Fund is operated by the U.S. Department of Treasury to ensure all people and communities have access to investment capital and financial services. The Michigan Strategic Fund approved $14.9 million in community development block grant (CDBG) water-related infrastructure grants to accelerate economic development and assist low- and moderate . Flint's north side is the recipient of a $1.25 million grant from the Michigan Strategic Fund, which will be used to fund a new cooperative grocery store. (4) Subject to section 88c, the fund shall review all applications for community revitalization incentives. Please Note: Pre-registration is not required to provide public comment at the board meeting. "The new facility will consolidate existing business operations in Washtenaw County to create a center of excellence in Ann Arbor for the Laboratory and Bioprocess Products and Services in North America, which focus on providing innovative solutions to help customers develop drugs that cure, prevent, and halt the progression of diseases," said, Mary Lavin, President of Sartorius North America, The city of Ann Arbor has been working with the Michigan Department of Transportation, that would provide critical road improvements needed to support the development. Found inside – Page 1174225 ] ( HB 5047 ) AN ACT to amend 1984 PA 270 , entitled " An act relating to the economic development of this state ; to create the Michigan strategic fund ... Found inside – Page 3Report to the People of Michigan and the Legislature Michigan. ... state and championed such initiatives as the creation of the Michigan Strategic Fund . Found inside – Page 146Lansing , Michigan 48909 (517)373-6378 INFORMATION / TECHNICAL ASSISTANCE Joanne Neuroth , Operations Director Michigan Strategic Fund Michigan Dept. of ... "We are focused on growing Michigan's economy by creating good jobs for our residents, building on our state's automotive manufacturing strengths, supporting vibrant communities, and continuing to promote. 1 four-season state in North America for both business and travel opportunities. Approved by the Michigan Strategic Fund on Jan. 14, the Michigan Small Business Survival Grant Program allocated $55 million to provide support to Michigan small businesses to meet the urgent need . All meetings are held at the MEDC Lansing Office, Lake Michigan Conference Room, at 10:00 a.m. unless otherwise noted. The Michigan Economic Development Corporation continues to promote Michigan as a world-class business and travel destination - and connect Michigan businesses, entrepreneurs and communities to needed services - through compelling storytelling and sophisticated marketing campaigns. The purpose of the program is to accelerate economic development and assist low- and moderate-income communities in making improvements or . Funds appropriated for programs under this chapter must be placed in the 21st century jobs trust fund created in the Michigan trust fund act, 2000 PA 489, MCL 12.251 to 12.262. The company believes strongly in promoting from within and plans to work with Michigan Works! The Michigan Strategic Fund is part of the Michigan Economic Development Corp. (MEDC). The 11-member MSF board has statutory authority to direct state appropriations to support business development, community development, talent enhancement and state marketing activities . Follow her on Twitter, Grand Rapids Chamber hosting job fair for members, Whitmer to nix budget provision that tries to ban mask rules, Windquest Group appoints new president and CEO, East Grand Rapids appoints new parks and recreation director, Rockford takes over management of historic Lofts on Alabama, Michigan Software Labs moves to new home in Ada, Study: West Michigan sweeps top 10 healthiest housing markets in Michigan. The Michigan Strategic Fund also approved $14.9 million in Community Development Block Grant Water-Related Infrastructure (WRI) grants for 11 communities to make water-related infrastructure improvements. and engineers around the world to quickly and safely develop and manufacture medications from the first idea to patient use. The project has also . MSF Board Meetings will be held in a hybrid meeting format to allow for in-person attendance at the principal office location, the MEDC building located at 300 North Washington Square, Lansing, MI 48913, as well as optional attendance remotely. Under the provisions of this Sec. No. A member of the public who submits written public comments via email is not precluded from also speaking during the public comment period of the board meeting. Gretchen Whitmer and the Michigan Economic Development Corporation (MEDC) on Tuesday, Sept. 28, said the Michigan . MCC, a supporting entity of the Michigan Strategic Fund (MSF), facilitates investment in attainable housing projects. The investment at REVC will further expand Ford's electric vehicle manufacturing footprint in Michigan and create an extended ripple effect across the supply chain in the state. Regional economic development organization The Right Place, Inc., along with its state and local partners in the City of Grand Rapids, today announced that local family-owned Notions Marketing will expand in the city, investing $33 million and creating 250 new jobs. Investment sizes will vary between $20,000 to $200,000 based on a company's stage, sector, runway and demonstrated funding needs. The Michigan Economic Development Corp. announced Michigan Strategic Fund approval of economic development and community revitalization projects that in total will generate $133.6 million in new . Found inside – Page 2IBM Corporation and MCI Communications Corporation have joined with MERIT to develop and support the enhanced network . Michigan's Strategic Fund is making ... Governor Gretchen Whitmer joins MEDC to announce 11 Michigan communities receiving nearly $15 million to upgrade water systems statewide. . Sources of Funding Yourself Personal assets may be used to capitalize your business. Gov. T. he city also plans to consider a Brownfield TIF Work Plan and approval of a property tax abatement in support of the project. 2014-6, compiled at MCL 125.1995. Michigan was chosen for the project over competing sites in Colorado and New York. Compiler's note: For transfer of the Michigan strategic fund from department of treasury to department of talent and economic development, and transfer of powers and duties of board of directors of Michigan strategic fund to new board of directors, see E.R.O. 270 of 1984 and has broad authority to promote economic development and create jobs. The Michigan Strategic Fund also approved up to $550,000 in CDBG funds to provide administrative services to assist the communities with the compliance and administrative requirements of the awards. Popular name: Strategic Fund Gov. Found inside – Page 338The challenge for Michigan's government is to provide the right kind of state ... Michigan State Housing Development Authority, the Michigan Strategic Fund, ... The city also plans to consider a Brownfield TIF Work Plan and approval of a property tax abatement in support of the project. The MSF board has the following responsibilities: Quentin L. Messer, Jr. – Chair, Chief Executive Officer, Charles P. Rothstein, Founder and Senior Managing Director, Britany L. Affolter-Caine, Ph.D, Executive Director, Cindy L. Warner, Global Leader for Professional Services, Michigan Community Revitalization Program, MSF Freedom of Information Act policies and procedure document, Authorize the submittal by local units of government of, Recommend to the State Administrative Board, Approve Tool and Die Renaissance Recovery Zones; and. All comments should be kept to three minutes or less. 2014-6, compiled at MCL 125.1995. The meeting moderator will call on the last 4 digits of your phone number to signal your turn to speak. Rachel Watson is a Grand Rapids Business Journal/Grand Rapids Magazine staff reporter who covers food and beverage, economic development, manufacturing, small business and startups, banking and finance, and human resources and DEI. Found inside – Page 73389 of the Michigan ( “ Strategic Fund ” ) , a governmental agency of the Public ... The Bureau State of Michigan providing funds for business is the agency ... LANSING, Mich. - The Michigan Strategic Fund has approved a grant amendment in the amount of $6.5 million for Michigan State University Foundation to support high-tech Michigan start-up companies and innovative technologies at the university level through the Pre-Seed III Fund, the Michigan Economic Development Corporation announced today. Credit Ratings, Research and Analysis for the global capital markets. The three-story, 38,000-square-foot 7303 West McNichols will bring 38 affordable housing units and commercial space to the Bagley neighborhood. In addition to the $10 million in grant funds, the Michigan Strategic Fund also approved $10 million in loans through the Michigan Small Business Relief Program that are being referred to MEDC from the local EDO partners. Popular name: Strategic Fund City Manager Eric Waara presented plans for the Houghton pier to the Michigan Strategic Fund Tuesday morning. Financial Audit Report for the Fiscal Year Ending September 30, 2019. The fund is administered by ID Ventures in Detroit. The communities receiving grants are Bangor, Escanaba, Fowlerville, Hart, Hartford, Houghton, Middleville, Morenci, Rogers City, Shelby and West Branch. Governor Snyder signed Executive Order 2012-9 on June 26, 2012 abolishing the MEGA Board and transferring the various responsibilities of the MEGA to the Michigan Strategic Fund effective August 25, 2012. Gretchen Whitmer Announces Michigan Strategic Fund Projects Supporting Hundreds of Jobs and Water Infrastructure. The facility will consolidate existing business operations in Washtenaw County into the facility, a project that will generate a total capital investment of $57 million with the support of a $1.2 million. Michigan Strategic Fund. This includes an expansion at the Rouge Electric Vehicle Center (REVC), where the first F-150 Lightning pre-production trucks are leaving the factory for real-world testing. The Michigan Strategic Fund (MSF) was created by Act 270, P.A. Gretchen Whitmer and the Michigan Economic Development Corporation on Tuesday announced plans for the opening of the co-op in a long-vacant building near the intersection of Pierson . Please submit all FOIA requests to medcfoia@michigan.org. Found inside – Page 36Michigan's Food and Agriculture Industry in the 21st Century Michigan. ... investments from Michigan food producers and the Michigan Strategic Fund . 3. The purpose of the program is to accelerate economic development and assist low- and moderate-income communities in making improvements or upgrades to their existing water, sewer, and wastewater public infrastructure systems. The purpose of the program is to accelerate economic development and assist low- and moderate-income communities in making improvements or . The Michigan Strategic Fund in Lansing has approved a statewide effort to ensure 50 percent of Michigan manufacturers, or about 6,200 businesses, are prepared to adopt Industry 4.0 technology at some level by 2025, the Michigan Economic Development Corp. announced Tuesday. Michigan Strategic Fund approves CDBG funding for vital public infrastructure projects LANSING, Mich. - Governor Gretchen Whitmer joined the Michigan Economic Development Corporation today in announcing that 11 communities around Michigan have been awarded nearly $15 million in Community Development Block Grant Water-Related Infrastructure . The company currently has 130 employees located at four sites in Washtenaw County and expects to create an additional 160 high-wage jobs with this project. for 11 communities to make water-related infrastructure improvements. Individuals interested in careers with Sartorius should visit https://www.sartorius.com/en/company/career. "The work to help Sartorius expand in Ann Arbor shows that when state and local partners work together, the community benefits, and that it takes this type of collaboration to ensure jobs and investment come to Ann Arbor over competing sites. MiBiz - Michigan Business News and Information for Western Michigan - www.MiBiz.com The Michigan Strategic Fund meets monthly in Lansing and continues to help fuel new economic activity across Michigan, strengthening our communities and creating good jobs for our residents. Compiler's note: For transfer of the Michigan strategic fund from department of treasury to department of talent and economic development, and transfer of powers and duties of board of directors of Michigan strategic fund to new board of directors, see E.R.O. Found inside – Page 3266... to create the Michigan strategic fund and to prescribe its powers and ... in certain funds to which the Michigan strategic fund succeeds in ownership; ... Together, we can build back our economy stronger than ever before.”. Compiler's note: For transfer of the Michigan strategic fund from department of treasury to department of talent and economic development, and transfer of powers and duties of board of directors of Michigan strategic fund to new board of directors, see E.R.O. You may also email your public comments directly to the board liaison at wilcoxk5@michigan.org. "The work to help Sartorius expand in Ann Arbor shows that when state and local partners work together, the community benefits, and that it takes this type of collaboration to ensure jobs and investment come to Ann Arbor over competing sites. Email Rachel at rwatson at grbj dot com. Michigan strategic fund means the public body corporate and politic created within the Department of Treasury under section 5 of 1984 PA 270, as amended, MCL 125.2005, and transferred to the Department of Talent and Economic Development by Executive Order 2014-12, MCL 125.1995. Report on Internal Control, Compliance, and Other Matters. Members of the public may address the Board during the public comment portion without submitting a request online. 2020 Labor and Economic Opportunity. The Michigan Strategic Fund has approved a $10 million COVID-19 relief grant program for small businesses that were harmed by recent state restrictions affecting restaurants and entertainment facilities.. The MSF board has the following responsibilities: COVID-19 Response: MEDC continues to provide vital economic support across Michigan. Governor Snyder signed Executive Order 2012-9 on June 26, 2012 abolishing the MEGA Board and transferring the various responsibilities of the MEGA to the Michigan Strategic Fund effective August 25, 2012. "These funds will be used to support needed infrastructure improvements in West Branch that . Wonder to support the growth of Michigan businesses and the attraction of new businesses to the state. "The city of Morenci is very grateful to the Michigan Economic Development Corporation for this grant and the investment that they are making in the infrastructure of our community," Sessions said in a news release from Gov. Michigan was chosen for the project over competing sites in Colorado and New York. . Gov. Also in 2010, the OAG found that the Michigan Strategic Fund's "post-audit procedures were not sufficient to validate the summary information submitted with the companies' requests for tax credit certificates" of the Michigan Economic Growth Authority. For those who would like to make a public comment, you may now register prior to the meeting by clicking on the button below. View the most current meeting agenda document, Find Additional Reports Browse for MSF and other reports in the Reports & Data section. Sec. No. Gretchen Whitmer Announces Michigan Strategic Fund Projects Supporting Hundreds of Jobs and Water Infrastructure September 28, 2021 September 28, 2021 albionminews Support for Ford's continued growth and creation of 450 additional jobs underscores Michigan's ongoing leadership in advanced mobility and manufacturing 1984 (Sections 125.2001 - 125.2093 of the Michigan Compiled Laws), to help diversify the economy of the State and to provide for economic development, primarily by assisting business enterprises in obtaining additional sources of financing. Act as the fiduciary agent with respect to the 21st Century Jobs Fund investments; Thursday, January 14, 2021 at 12:00 p.m.**. A dispute between a mid-Michigan city and its waste collector led to some residents not getting their waste picked up for weeks. Michigan Strategic Fund Entity featured on Fitch Ratings. MORENCI — A state grant will help Morenci complete about $2.5 million in water, sewer and street improvements next summer. Loan applications are reviewed by a loan review committee, with the first phase announced on June 11, 2020 and the second . Michigan Strategic Fund 300 N. Washington Square Lansing, Michigan Dear Mr. Rothwell: We have audited the accompanying statement of net assets and fund balance sheet of the Michigan Strategic Fund, a component unit of the State of Michigan, as of September 30, 2001 and September 30, 2000 and the related statement of activities No. German company Sartorius BioAnalytical Instruments, Inc. is a global leader in the biopharmaceutical industry. Michigan Business Development Program performance-based grant. The program is designed to provide grants, loans or other economic assistance to businesses for highly competitive projects in Michigan that create jobs . Sartorius plans to construct a Center of Excellence facility in, lab processing services, manufacturing and assembly of highly technical instruments, reagents, research and development, marketing, human resources, accounting, training, customer visit center and more. Michigan Strategic Fund Board of Directors The MSF was created by P.A. The Michigan Economic Development Corporation continues to promote Michigan as a world-class business and travel destination - and connect Michigan businesses, entrepreneurs and communities to needed services - through compelling storytelling and sophisticated marketing campaigns. The Pre-Seed Fund was created to provide early-stage […] For Pure Michigan® tourism information, your trip begins at www.michigan.org. The bonds will be issued by the Michigan Strategic Fund, a public corporation created by the state in 1984 as a conduit financing agency. September Hargrove, Vice PresidentJPMorgan Chase and Co. Susan Tellier, PresidentJetCo Packaging Solutions, Cindy L. Warner, Global Leader for Professional ServicesAmazon Web Services. For more information, please read the MSF Freedom of Information Act policies and procedure document. Today, the MSF Board approved a business marketing services contract with communications firm Lambert/9thWonder to support the growth of Michigan businesses and the attraction of new businesses to the state. 270 of 1984 and has broad authority to promote economic development and create jobs. Found inside – Page 263... the Michigan Strategic Fund Business Life Stage State Financing Program 1. Research and development State Research Fund Proof of concept Prototype ... In addition, MSF approved up to $550,000 in CDBG funds to provide administrative services to assist the communities with the compliance and administrative requirements of the awards. Found inside – Page 315In a lawsuit filed in November 1995 in a Michigan state court,249b pending ... 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