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About / News / Economic Development

2024 set to be a significant year for economic development in Toledo

Posted By: WTOL11 on January 3, 2024.  For more information, please click here to read the source article. WTOL 11 has learned that 2024 could be a significant year for development in Toledo. City leaders said there is currently more than $1 billion of investment property primed for projects this year. Wanting to highlight these various projects, WTOL […]

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Landmark real estate deal reaches conclusion

Posted By: The Blade on October 14, 2023.  For more information, please click here to read the source article. Decades after the city of Toledo tried to attract investment for a new Jeep plant by buying parcels of land south of the Ohio Turnpike to Fallen Timbers, the property has been developed, rezoned, and sold to invested businesses. […]

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Economic Development District designation proposed for Toledo region

Posted By: Toledo Blade on September 15, 2023.  For more information, please click here to read the source article. Wood, Lucas, and Ottawa counties are being asked to join forces with the Toledo Metropolitan Area Council of Governments to pursue federal grants for shared economic development projects. At Thursday’s Wood County Commissioners meeting, TMACOG President Sandy Spang made […]

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Tech firm plans 73 jobs, $4.8M investment in Grand Rapids

Posted By: mlive on May 20, 2023.  For more information, please click here to read the source article. A Grand Rapids-based tech firm, whose online app is designed to help stockholders claim company gifts and perks, has received a $510,000 state grant if it creates up to 73 jobs over the next three years.  TiiCKER, which has offices […]

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MSU land deal swept up in debate over biz incentives, farmland preservation

Posted By: The Detroit News on April 26, 2023.  For more information, please click here to read the source article. Michigan State University is preparing to sell about 1,000 acres of farmland for the assembly of an industrial megasite in a rural area west of Lansing — a potential $21.9 million transaction needed to make the land suitable […]

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For decades, Redford ‘could never afford anything nice.’ Now it’s getting a $19M rec center

Posted By: Hometown Life on March 3, 2023.  For more information, please click here to read the source article.   A $19.5 million state-of-the-art recreation and wellness center is coming to Redford Township. And local leaders say it won’t cost taxpayers a dime. The project includes construction of a 30,000-square-foot facility at the township-owned Western Graham Fields in […]

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Toledo seeks more funds to bring old storefronts back to life

Posted By: The Toledo Blade on March 13, 2023.  For more information, please click here to read the source article.   The city of Toledo wants to expand two grant programs that have made it financially viable for the owners of long-vacant neighborhood commercial buildings to bring them up to code and get them back into productive use. […]

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Oregon to consider advanced manufacturing zoning change

Posted By: The Toledo Blade on December 5, 2022.  For more information, please click here to read the source article.   The dream of a buffer zone between Oregon’s residential neighborhoods and heavy industry centers might soon become a reality. At 7 p.m. on Dec. 19, the Oregon city council will hold a public hearing to consider a […]

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Economic developers inventory top 10 large West Michigan properties to help lure projects

Posted By: MiBiz on October 18, 2022.  For more information, please click here to read the source article.   Three economic development organizations serving a 13-county region in West Michigan have narrowed nearly 150 properties down to 10 sites that would be suitable for potentially large industrial or advanced manufacturing projects. The roughly eight-month effort comes as state […]

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The Right Place launches 10-year plan to grow tech sector in greater Grand Rapids

Posted By: MiBiz on September 6, 2022.  For more information, please click here to read the source article.   Economic development agency The Right Place Inc. has launched plans to transform the greater Grand Rapids area into a technology and innovation hub over the next 10 years. The plan, which was publicly released today, calls for a 4-percent […]

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The Right Place debuts community development division

A West Michigan economic development agency created a new division focused on placemaking and tapped an existing executive to run it. Grand Rapids-based The Right Place said Wednesday, Feb. 23, it established a community development division that will be led by Tim Mroz, senior vice president of community development, a member of the organization’s leadership […]

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New city initiative aims to restore vacant buildings

Toledo officials are hoping the Vibrancy Initiative will help local businesses restore the city’s vacant commercial buildings to house a wave of entrepreneurs who have been inspired to launch their own companies. Announced Monday against the backdrop of the Broadway corridor in one of Toledo’s oldest neighborhoods, the pilot program was created to invest in […]

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First-of-its-kind study of GR to guide long-term development

As the city updates its nearly 20-year-old Master Plan to guide future development, local officials say a first-of-its-kind study last year can help ensure equitable outcomes while providing the best return on investments. Downtown Grand Rapids Inc. commissioned the “Economics of Place” study by Washington, D.C.-based Places Platform LLC, which first presented its preliminary findings to business […]

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Apartments, new restaurant part of renovation plans at historic building in downtown Kalamazoo

An historic building in downtown Kalamazoo will soon undergo renovations to make way for 11 apartments above the city’s oldest restaurant. The renovations are being led by 266 Michigan Ave. Kalamazoo LLC, which boasts the East Michigan address of the property being renovated in its name, according to a news release from the Michigan Economic […]

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