For most states, promoting entrepreneurship has not been part of the mainstream programmatic efforts of traditional economic-development policy. However certain states, such as Michigan, have had the foresight to support investments which foster an environment supportive of innovation and entrepreneurship.

Petros PACE Finance announced that they have funded almost $1 million in environmentally-friendly upgrades for HELLER Machine Tools, which owns and operates one of the largest manufacturing facilities in Troy, Michigan.

Michigan awarded $25 million in Qualified Energy Conservation Bond (QECB) allocations through an open application process coordinated by the Michigan Agency for Energy (MAE), in cooperation with Michigan Department of Treasury.

This report form Michigan State University seeks to contribute to the current policy discussion on TIF reform by developing the blueprint for a comprehensive, state-level database on the scale, scope and structure of TIF activities in Michigan.

The Michigan State Treasury said that Inkster, Michigan, a Detroit suburb, which has been operating under the consent agreement since February 2012, has met all three conditions for release and will be freed of state oversight June 30.

West Michigan economic development group Lakeshore Advantage has announced investment and job creation projects by The Kraft Heinz Company and Kent Quality Foods.

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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