MEDC Daily: Microloans offered to small businesses in Detroit, Highland Park and Hamtramck

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Featured News

 

Microloans offered to small businesses in Detroit, Highland Park and Hamtramck
 (The Detroit News) 24/06-2020

The Detroit Development Fund will get a loan of up to $1 million to distribute as microloans to small businesses in Detroit, Highland Park and Hamtramck that are reopening following shutdowns due to COVID-19. The loan approved by the Michigan Strategic Fu

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SPECIAL: COVID-19 NEWS & RESOURCES

 

Altimetrik in Southfield Launches PPP Forgiveness Solution for Banks and Lenders
 (DBusiness) 24/06-2020

Altimetrik has announced a Paycheck Protection Program Forgiveness solution for banks and other lenders. // Stock photo Altimetrik, a business and IT transformation accelerator in Southfield, today announced a Paycheck Protection Program (PPP) Forgiveness solution for banks and other lenders. This

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Detroit auto show plans social distancing measures for 2021 events
 (Crain's Detroit Business) 24/06-2020

Organizers of the 2021 Detroit auto show said that social distancing measures will be implemented for next year's events. Distancing strategies to ensure safety of attendees at the June 11-26 event will include contactless payments and hand sanitizing stations, officials said during an Automotive

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Here's how to get your PPP loan forgiven
 (Crain's Detroit Business) 24/06-2020

The federal government has finally offered some clarity on how mom-and-pop businesses can avoid repaying their bailout loan—a major sticking point in the Paycheck Protection Program. In the past month officials in the Small Business Administration and the Treasury Department have worked with

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Lightweight face masks for summer to stay cool and help limit coronavirus spread
 (MLive.com) 24/06-2020

Summer is here. With Michigan residents still required to wear masks inside, finding a face mask that will help you remain cool on those hot summer days is important. Many stores now offer lightweight cloth masks that will help limit the spread of the coronavirus. Plus, many of the masks on this

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Ann Arbor nonprofit fosters community support for returning citizens, despite added COVID challenges
 (secondwavemedia) 24/06-2020

On Jan. 28, Joseph Johnson found a job at a car wash. While some people might consider that a small accomplishment, it was a defining moment for Johnson. Charged with armed robbery when he was 18, Johnson had just been released from prison three days earlier after serving nearly 39 years in prison.

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Zingerman’s Deli is taking its famous sandwiches on a tour across the state through August
 (MLive.com) 24/06-2020

ANN ARBOR, MI -- One of Ann Arbor’s most popular sandwich spots is taking its food on tour across Michigan. Zingerman’s Delicatessen is offering a different kind of carryout to customers in Grand Rapids, Kalamazoo, Lansing, Cheboygan and the Detroit area. People in those communities can order a

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MEDC In the News

 

Critical Support for Small Businesses, Community Revitalization Efforts Approved by Michigan Strategic Fund
 (WHKM) 24/06-2020

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Magna to invest $35.4 million, create 480 jobs in Highland Park
 (Crain's Detroit Business) 24/06-2020

Investment spurred by new contract wins Project supported by $2.17 million grant from state Expansion includes renovation, new square footage and shipping docks

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Michigan Main Street is making its way to the Village
 (C&G Newspapers) 24/06-2020

GROSSE POINTE CITY — The local business community is getting some good news at a time when it could use it the most. On June 17, Grosse Pointe City officials announced that the Village business district had been selected by the Michigan Economic Development Corporation for its prestigious Michigan

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State approves assistance for revitalization project in Bay City
 (WNEM TV 5) 24/06-2020

On Tuesday, the Michigan Strategic Fund approved new economic assistance for small businesses, community revitalization projects, and a business expansion - including a project in Bay City. “Today’s actions by the MSF Board send a strong signal that we are laying the path toward economic recovery

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Michigan Strategic Fund Delivers Critical Support for Small Biz
 (Moody on the Market) 23/06-2020

recovery in Michigan, according to the Michigan Economic Development Corporation. MEDC CEO Mark A. Burton says...

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Business Development

 

Walker-based Bissell Partners with Grand Haven’s HotLogic to Provide No-touch Meal Heating Solution
 (DBusiness) 24/06-2020

HotLogic has created a meal tote bag that plugs into an outlet to heat up the food inside. // Photo courtesy of HotLogic Bissell, a floor care products manufacturer headquartered in Walker (outside of Grand Rapids), has partnered with Grand Haven-based food designer HotLogic to launch a portable

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Amtrak service from Grand Rapids to Chicago returning next week
 (MLive) 24/06-2020

Amtrak service from Grand Rapids to Chicago returning next week Updated 11:13 AM; Today 11:13 AM Amtrak An Amtrak train bound for Grand Rapids hit an unoccupied vehicle in Northern Indiana, but no one was injured. 39 shares By Brian McVicar | bmcvicar@mlive.com GRAND RAPIDS, MI — Amtrak is relaunching daily train service between Grand Rapids and Chicago on June 29 and 30.

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The KR Group expands to lakeshore
 (Grand Rapids Business Journal) 24/06-2020

The KR Group expands to lakeshore By Ehren Wynder -June 24, 2020 The new office at 424 Oak St. in Spring Lake features individual office spaces, a meeting space and room for growth. Courtesy The KR Group Grand Rapids-based tech company The KR Group opened a second location in Spring Lake. CEO

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Community Development

 

COVID-19, Midland flood prompt community leaders to center resiliency in vision for Ypsi's future
 (secondwavemedia) 24/06-2020

COVID-19 has hit Ypsilanti and Ypsilanti Township hard, and as local leaders begin the recovery process, many are thinking about how to make their community more resilient to a variety of challenges. "When I think of resiliency, as an individual, family, or community, it's something you're always

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Funding from golf event to help Detroit technology access
 (Crain's Detroit Business) 24/06-2020

Access to technology, and internet and digital literacy resources in Detroit are expected to increase through investments made from an annual golf event. The Connect 313 Fund will focus on collecting accurate neighborhood-level data on technology and internet access, building and supporting

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Mobility & Automotive

 

At Bedrock project, new system will park your car for you
 (Crain's Detroit Business) 24/06-2020

Former Free Press building to be region's first with system Cars will be autonomously loaded into racking structure and parked Addition of system could reduce operating expenses by 40 percent per space

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Entrepreneurship

 

RISE Awards assist start-ups
 (Record-Eagle) 24/06-2020

TRAVERSE CITY — Turning an idea or an invention into a physical product is challenging in any climate. Research and development during the COVID-19 pandemic can be patently unfair for a start-up business or an entrepreneur. Patent strategy firm Aurora Consulting, of Traverse City and California,

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Entrepreneurs could win $6K in Flint-based pitch contest
 (MLive.com) 24/06-2020

FLINT, MI — 100K Ideas and the Flint & Genesee Chamber of Commerce have re-launched their idea pitch competition series. The virtual Pitch For $K competition set for Aug. 6 will give applicants with a product or business idea the opportunity to win up to $6,000. This is the second year of the

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Economic Trends

 

Local leaders discuss what's next for racial justice in Washtenaw County
 (secondwavemedia) 24/06-2020

In the wake of George Floyd's death in Minneapolis, protests against police brutality and calls for racial justice have spread across the country, including numerous demonstrations here in Washtenaw County. The national movement has prompted widespread discussion of reforming, defunding, or

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Travel

 

Two fun ways to camp this summer
 (Grand Rapids Magazine) 24/06-2020

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Isle Royale National Park to reopen most camping and trails
 (MLive.com) 24/06-2020

HOUGHTON, MICH. -- Isle Royale National Park is continuing its phased reopening after the park’s seasonal operations were delayed by COVID-19 precautions. Park officials announced Tuesday that beginning June 26, the Houghton, Rock Harbor, and Windigo Visitor Centers will reopen, as well as the park

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Arts & Lifestyle

 

Mural art planned for rusty railway bridge on Muskegon thoroughfare
 (MLive.com) 24/06-2020

MUSKEGON, MI - MUSKEGON, MI - Later this fall, murals will adorn a rusty railway bridge spanning Seaway Drive, and more are planned later for another similar bridge. The murals are part of an ongoing arts initiative that is planning several pieces of sculpture in the coming months. Cleaning and

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MSU’s Science Gallery of Detroit launches program for creatives
 (The Detroit News) 24/06-2020

Detroit creatives are invited to apply to the Rapid Residency program to prompt creative responses about social challenges that affect the community during the COVID-19 pandemic, MSU’s Science Gallery of Detroit announced in a press release. The virtual, five-week program will provide mentoring to

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Festival spotlighting womxn filmmakers, which debuted at Michigan Theater, to return in virtual form
 (secondwavemedia) 24/06-2020

An Ann Arbor film festival spotlighting womxn filmmakers will be available to viewers across the nation in its second year, as the event goes online due to the COVID-19 pandemic. The Nevertheless Film Festival takes place July 9-12, again featuring all films that have at least 50% womxn in

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Mackinac Island will have Fourth of July fireworks show in 2020
 (MLive.com) 24/06-2020

MACKINAC ISLAND – Fireworks will fly over Mackinac Island this Fourth of July. Despite some initial skepticism and similar events being canceled across Michigan, Mackinac Island Tourism announced Tuesday that the island’s famed fireworks will show will return in 2020. “We’re thrilled to continue

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Two new car shows to take center stage at Pontiac’s M1 Concourse
 (The Oakland Press) 24/06-2020

Pontiac will be home to two new festivals for car enthusiasts in the next year at the M1 Concourse. The private motorsports club formed a new group this summer, the Pontiac Motorsports Exposition, to build events around the 1.5-mile performance track and 87-acre property. The race track has been

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