Michigan's venture capital industry says a proposal from a Macomb County lawmaker to restore a tax credit for angel investors is "a great first step" toward expanding funding for entrepreneurs in the state.

An energy savings program is showing that facility updates to Alpena County's governmental buildings have exceeded projected savings since the project was implemented two years ago.

State officials are working on ways to help Flint pay for a new 5.5-mile pipeline that would allow the city to test water from a new Lake Huron system.

Under the proposal that's being pushed by the Michigan Venture Capital Association, private investors would put $75 million into a fund to seed new venture capital funds, an amount the state would then match with $25 million. 

U.S. Sen. Debbie Stabenow, D-Mich., took a tour of growing small businesses in Muskegon County on Tuesday, July 19. A senior member of the Finance committee, Stabenow last year introduced Small Business Access to Capital Act, aimed at helping small businesses access capital to grow and create jobs.

Fontinalis Partners LLC, a Detroit-based venture capital firm, announced Wednesday morning that it has finished raising a $100 million fund to focus on the next-generation mobility sector. It is believed to be the largest VC round raised in Michigan this year.

Thursday, September 1 - 2:00-3:30pm Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss tax increment financing and how it can be used to compliment the redevelopment and cleanup of your brownfield project.

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.

CDFA is pleased to announce the release of the Annual Volume Cap Report: An Analysis of 2015 Private Activity Bond & Volume Cap Trends. The report provides complete data of the use of volume cap and the issuance of cap-subject private activity bonds nationwide and is featured in The Bond Buyer. Read the Annual Volume Cap Report and explore CDFA's interactive and searchable National Volume Cap Map.

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