The budget for entrepreneurship and innovation has been increased from $19 million in the current fiscal year to $21.4 million, while the overall budget for the MEDC was cut by $1.5 million by legislators to $251.9 million.

The city of Tecumseh is taking steps to protect itself and its taxpayers from the "unlikely" event the redevelopment of the former Tecumseh Products site does not go as planned.

A $642,000 Community Revitalization grant contract with the Michigan Economic Development Corporation was the final funding piece necessary to develop the new hotel.

Restoring the Grand River to its former state and encouraging more recreational uses of the waterway in downtown Grand Rapids may be part of the long game of economic development, but a variety of companies have started banking on the notion that improvements will occur.

Venture capital investments in Midwest health sciences companies ballooned during the first half of 2016, both in terms of deal flow and dollar value. Investors collectively put $1.04 billion into 218 deals involving Midwest-based health sciences companies between January and June.

MEDC will provide a matching grant to redevelop a church into a community center if the community is able to raise $50,000 through a crowd funding campaign.

A $70 million injection of private capital from local philanthropists will boost Kalamazoo, Michigan, said Moody's Investors Service.

Renaissance Zones are places in economically distressed cities where businesses don't have to pay state and local property, income and utility taxes. This program was first introduce to Detroit in 1996 by then Michigan Gov. John Engler.

Join the CDFA Michigan Financing Roundtable for the sixth annual conference on October 6, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Michigan economy going forward.

The conference will take place at the City of Grand Rapids City Hall and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA Michigan Financing Roundtable Conference.

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