Category Archives: Economic Development

Mobile tech, Southfield City Centre, women in tech on today’s M2 TechCast

ROYAL OAK — The Monday, Aug. 14 edition of the M2 TechCast podcast will feature a jam-packed lineup of technology and economic development newsmakers.

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Neogen To Spend $1.3M On Subsidiary Expansion

LANSING — Lansing-based Neogen Corp. will spend $1.3 million on a new home for its Ideal Instruments subsidiary in a building at 1000 S. Hosmer St.

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Lansing’s Cameron Tool Poised to Expand

LANSING – The City of Lansing and the Lansing Economic Area Partnership (LEAP) announced the expansion of long-time Lansing tool and metal die manufacturer Cameron Tool.

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Aerospace firm, auto-safety company expand in Oakland County

LANSING — Grants to two companies with plans to create a total of 784 full-time jobs and invest $357 million in Oakland County have been approved by the Michigan Strategic Fund board.

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Lansing turns on high-tech lights ‘Under The Bridge’

LANSING – The Lansing community gathered Tuesday evening for the official unveiling of the decorative LED lighting underneath the US-127 bridge overpass along the Michigan Avenue corridor.

The lights, which illuminate the bridge in dozens of optional color variations, brings another phase of the crowd-funded Under the Bridge Project to life.

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Barracuda Networks to invest $2.3 million, create 115 jobs in Ann Arbor

LANSING – Barracuda Networks Inc., the network and data security provider, is expanding in Ann Arbor with support from the Michigan Strategic Fund and Ann Arbor Spark, the Michigan Economic Development Corp. announced. The project will generate a total capital investment of $2.3 million and create 115 new jobs.

Barracuda plans an expansion of its manufacturing operations in Ann Arbor, where it builds computer terminals and peripheral equipment. The project is expected to generate $2.3 million in capital investment and create 115 jobs. As a result, the company has been awarded a $750,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Georgia and California.

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Mason County Sets Broadband Initiative

LUDINGTON — The Mason County Broadband Committee has partnered with the community engagement program of the nonprofit Connected Nation to develop a plan to improve access to high speed Internet in the county.

The initial step to developing a comprehensive, county-oriented plan will consist of a short survey for agriculture producers, business organizations and owners, healthcare facilities, schools, and residents. This will help the broadband committee members understand the unique needs in Mason County.

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Business Expansions Win State Aid, To Create 203 Jobs

LANSING — An animal health company is expanding in the Kalamazoo area with support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced.

That expansion, along with four other business expansion projects that also received MSF approval, will generate a total private investment of more than $71.5 million and create 203 jobs in Michigan.

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State Support OK’d For Business Expansions, Flint Incubator

LANSING — The Michigan Strategic Fund has approved three grants to create a new business incubator in Flint and build new manufacturing plants in the Grand Rapids area and Port Huron.

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Ford To Invest $1.2B At Three Michigan Plants

DEARBORN — Ford Motor Co. says it will invest $1.2 billion at three Michigan plants, among other things, financing the return of the Ford Ranger midsized pickup and the Bronco midsized SUV.

The largest part of the investment, $850 million, will take place at the home of assembly of those two models, the Michgian Assembly Plant in Wayne.

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