Michigan Awarded More Than $236 Million in SSBCI Funding to Support Small Businesses

Michigan was approved in May for up to $236,990,950 in State Small Business Credit Initiative (SSBCI) funding from the U.S. Department of Treasury. The Michigan Strategic Fund just received the first round of SSBCI funding – approximately $72 million. MEDC is grateful to receive this critical allocation and appreciate our lending partners as we work together to continue to lift up small businesses throughout Michigan.

TechTown celebrates Immigrant Heritage Month

This month, TechTown is celebrating Immigrant Heritage Month, and we are proud to feature a few of our clients to recognize the role they play in driving job growth and innovation in the city.

Local Tech Startup Gets into Top Global Accelerator, Receiving $500,000 Investment 

(GRAND RAPIDS, MI) - Grand Rapids-based tech start-up and Start Garden tenant Payload CMS has been accepted into and received a $500,000 investment from highly competitive tech accelerator Y Combinator. With an acceptance rate of less than 3% and alumni like Airbnb, Dropbox, Doordash, Instacart, and Reddit, Y Combinator is more difficult to get into than Harvard.

Gina Jacquart Thorsen Named First Female CEO of Stormy Kromer and Jacquart Fabric Products

Thorsen will officially move into the CEO role on July 1, with current CEO, Bob Jacquart transitioning to Chairman

Ironwood, MI - Gina Jacquart Thorsen makes history as the first female CEO of Jacquart Fabric Products, the parent company of the national brand Stormy Kromer. In her new role, she will oversee strategic vision, company operations, sales & marketing, product development, and more.

A new round of Comcast RISE Investment funding is now available in Detroit! Comcast RISE is a national effort to uplift and support local businesses hardest hit by the economic impacts of the COVID-19 pandemic.