Michigan Pioneers ‘Infrastructure for Innovation’ Agreement
The MEDC and Michigan National Guard partner to give entrepreneurs access to defense-focused innovation resources and critical infrastructure.
Why it’s groundbreaking: This first-in-nation approach leverages Michigan’s military assets to fuel entrepreneurial growth.
The bottom line: Defense, dual-use and non-defense early-stage companies will get unprecedented access to advanced testing facilities and resources.
| Learn How to Access Innovation Resources |
$50M Naval Boost for Michigan’s Manufacturing Future
Gov. Whitmer launches the Michigan Maritime Manufacturing (M3) Initiative, a $50M+ federal partnership to build on our defense manufacturing workforce.
The big picture: M3 strengthens Michigan’s $30B defense industry by focusing on critical maritime construction skills.
What’s next: Community colleges will implement accelerated training programs for thousands of workers.
| Dive Into M3 Opportunities |
Michigan’s Startup Scene Defies National Trends
The 2024 Michigan Venture Capital Association Impact Report reveals the state’s venture capital landscape is thriving amid national downturns.
The report at-a-glance:
- Nearly $500M raised by four major Michigan-based VC firms
- Over $1B invested in Michigan-based portfolio companies
- Detroit ranks 2nd globally in startup ecosystem growth
- 31% increase in the number of venture-backed startups since 2019
Unpack the full report
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.
Photo courtesy MEDC
