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About / News / Economic Development

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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Can Amazon deliver new life to Reynolds Road?

In a few months, what was the weed-strewn, broken concrete grave of the former Southwyck Shopping Center will be reborn with the opening of Amazon’s $25 million “Delivery Station.”  The 150,000-square-foot facility at 2040 S. Reynolds Rd. will bring new life, plus 410 jobs, to the 58-acre site that has sat vacant since 2008 when […]

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FARMINGTON EARNS STATE ‘REDEVELOPMENT READY’ HONORS

The City of Farmington has earned a state certification that brands the community as “Redevelopment Ready.” Elizabeth King, Senior Redevelopment Ready Communities Planner at the Michigan Economic Development Corporation (MEDC), presented the award during Monday’s electronic city council meeting. “Normally, we would have a really fun event, and we would all be together,” she said, […]

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MEDC brings West Michigan projects closer to ‘shovel ready’

MEDC brings West Michigan projects closer to ‘shovel ready’

A pair of industrial sites in West Michigan — including the future Kent County Department of Public Works sustainable business park — have been awarded a total of $150,000 in site readiness grants from the Michigan Economic Development Corporation. The Michigan Economic Development Corporation (MEDC) said Wednesday that it issued $728,500 in site readiness grants […]

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Park Avenue House owner gets the OK to turn lower-income hotel into an upscale Hilton

Park Avenue House owner gets the OK to turn lower-income hotel into an upscale Hilton

State and City of Detroit officials have approved $6.1 million in economic development incentives to turn a 13-story residential hotel in downtown that recently housed lower and moderate-income tenants into an upscale Hilton hotel. The development group, Downtown Hospitality Detroit LLC, is planning a $50-million overhaul of the old Park Avenue House, 2305 Park Ave., to turn it […]

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Colony development proposal on track for city council approval

Colony development proposal on track for city council approval

Plans for a major development near ProMedica Toledo Hospital are on track for city council approval, despite the request of two councilmen and a dozen community members to delay Wednesday’s committee meeting on the project until it could be held in person. ProMedica and Columbus-based developer Frank Kass, who founded Continental Real Estate Co., intend to […]

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After $1B invested in St. Clair County in 2019, officials aim to grow

After $1B invested in St. Clair County in 2019, officials aim to grow

Over $1 billion was invested in St. Clair County in 2019, and county officials are working to keep that momentum going. The Economic Development Alliance of St. Clair County held a luncheon this week with stakeholders, economic partners, community leaders and keynote speaker Amanda McClanahan, Michigan Economic Development Corporation’s chief operating officer. The region’s economic success for 2019 was celebrated, […]

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5 notable construction projects from West Michigan

5 notable construction projects from West Michigan

Contractors are capping off another busy year for developments across West Michigan. From the largest mixed-use project in downtown Grand Rapids history, to new modern buildings in historic areas, these are five notable projects from around the region on the radar for MiBiz this year. Here’s a closer look at them. 10 Ionia Architect: Yamasaki Associates Inc., Troy […]

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GM, LG Chem to build battery-cell plant in northeast Ohio

GM, LG Chem to build battery-cell plant in northeast Ohio

General Motors Co. and LG Chem will invest $2.3 billion in northeast Ohio to build a battery-cell manufacturing plant, the companies announced Thursday. The joint venture in the area of the former GM Lordstown Assembly plant will break ground in mid-2020. More than 1,100 new jobs will be created through the investment in the region that was rattled when […]

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Oregon receives grant for infrastructure around industrial parks

Oregon receives grant for infrastructure around industrial parks

The U.S. Department of Commerce said Wednesday that the city of Oregon has been awarded a $2.7 million Economic Development Administration grant to be used for infrastructure in and around the city’s industrial parks that should help attract new businesses. The grant, to be matched with $679,179 in local funds, is expected to help generate […]

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Mixed-use development, $3.2 million streetscape planned for Hazel Park

Mixed-use development, $3.2 million streetscape planned for Hazel Park

As Hazel Park plots to build a downtown, a proposed mixed-use development and $3.2 million streetscape plan could help move the vision forward. A mixed-use apartment building with 33 units and 14,000 square feet of retail is planned for the site of a long vacant CVS store on John R. Road — the city’s main […]

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Roseville to host developer showcase for Utica Road corridor

Roseville to host developer showcase for Utica Road corridor

Roseville city officials on Wednesday will host a developer showcase to outline development opportunities along Utica Road, a move that could land a developer for a multi-million building project. Local developers, realtors, state and city officials have been invited to attend the showcase, along with a team of officials from the Michigan Economic Development Corporation. […]

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Michigan Ranks 9th in Nation for Economic Development Projects

Michigan Ranks 9th in Nation for Economic Development Projects

Michigan ranks ninth among the top 10 states with the most economic development projects according to Site Selection magazine’s 2018 Governor’s Cup rankings, moving up two places from last year’s list. The magazine covers economic planning and expansion nationwide. “There is no doubt that Michigan is a home for economic opportunity, and these rankings are a testament […]

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