
State Approves New Projects and Resources to Drive Long-Term Economic Growth Across Michigan
Governor Gretchen Whitmer joined the MEDC this week in announcing Michigan Strategic Fund (MSF) approval for a range of projects, including General Motors’s $7 billion historic investment in electric vehicle and advanced battery production in Lansing and Orion Township, the redevelopment of the former Eastland Mall in Harper Woods and business expansions by Dow in Midland and Wilkinson Minerals in Bay City.
The Board also approved the State Small Business Credit Initiative (SSBCI 2.0) programs and guidelines, allowing Michigan to now apply for at least $215.7 million in federal funding dollars to support small and very small businesses with additional access to capital. MEDC will provide more information about these resources when they become available, with more information about current Capital Access programs available here.
Together, the projects and programs approved this week represent a total capital investment of more than $7.4 billion in Michigan communities and nearly 6,000 new and retained direct jobs in the state.
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About Michigan Economic Development Corporation (MEDC
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness, and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.






