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July 07, 2015 5:02 AM ET

Commercial Services and Supplies

Company Overview of Michigan Economic Development Corporation

Company Overview

The Michigan Economic Development Corporation is a state economic development corporation that assists in the promotion of economic growth in Michigan. The corporation’s services include business retention and attraction, financial assistance, employee recruitment and training, assistance for providing permits, and site development services. In addition it offers economic development efforts, economic policy development, tourism promotion, technology development, marketing and community development functions. MEDC was founded in 1977 and is based in Lansing, Michigan.

300 North Washington Square

Lansing, MI 48913

United States

Founded in 1997

Phone:

517-373-9808

Key Executives for Michigan Economic Development Corporation

Chief Executive Officer
Head of International Business Development and Legislative Affairs
Managing Director
Senior Vice President of Talent Enhancement
Senior Vice President of Strategic Partnerships
Compensation as of Fiscal Year 2015.

Michigan Economic Development Corporation Key Developments

Michigan Economic Development Corporation Approves Incentives for Agape Plastics, Magna Seating of America, The Mackinac County Brownfield Redevelopment Authority and 678 Selden to Support their Expansions

The Michigan Economic Development Corporation announced that four companies were approved for incentives by the Michigan Strategic Fund to support their expansions in the state. The state support will allow for two business expansions and two community improvement projects that are expected to generate $70.2 million in investments and create 267 new jobs. Agape Plastics, Inc. plans to construct a 57,600 square foot addition to its current manufacturing facility in Tallmadge Charter Township, investing $14 million and creating 54 jobs. As a result, the project has been awarded a $300,000 Michigan Business Development Program performance-based grant. Michigan was chosen over a competing site in Ohio. Tallmadge Charter Township has offered support to the project in the form of property tax abatement. Magna Seating of America, Inc. plans to construct a new 180,000 square foot facility to house these operations in the city of Novi. The project will generate more than $48 million in total capital investment and create 164 jobs, resulting in a $984,000 Michigan Business Development Program performance-based grant. Michigan was chosen over a competing site. The city of Novi is offering support to the project in the form of property tax abatement. The Mackinac County Brownfield Redevelopment Authority was awarded $464,250 in local and school tax capture to redevelop 5.4 acres of property on Burdette St. in the city of St. Ignace. The project, known as Bridgeport Commons Phase I, will involve partial demolition of the obsolete former county hospital building at the site, alleviating brownfield conditions and preparing the site for new construction. Phase II of the development includes new construction of a three- to four-story mixed-use structure that will include medical-related office space, commercial space and residential units. The project will generate approximately a total capital investment of $900,000 for Phase I and $3.5 million for Phase 2, and create 45 full-time jobs. 678 Selden, LLC plans to convert a historic, vacant building located in midtown Detroit into a mixed-use development with commercial and residential space. Renovations will include new plumbing, heating, electrical systems, bathrooms, kitchens, laundry facility, elevator and secured parking across from the property. The project will generate a total capital investment of nearly $3.7 million and create four jobs, resulting in a $670,210 Michigan Community Revitalization Program performance-based grant. The city of Detroit has approved an Obsolete Property Rehabilitation Act abatement valued at $410,830.

Michigan Economic Development Corporation Names Dave Lorenz as Acting Vice President of Travel Michigan

The Michigan Economic Development Corporation (MEDC) has named Dave Lorenz Acting Vice President of Travel Michigan. The most recent leader of the state's tourism effort, David West, has resigned his position. Lorenz has served for more than a decade as the Industry Relations and International Marketing Manager for Travel Michigan. His responsibilities will now also include heading up the state's tourism branding and marketing efforts through the Pure Michigan tourism campaign as well as coordinating overall efforts of the Travel Michigan organization. Prior to coming to Travel Michigan in October 2002, Lorenz was the Manager of Partnerships and Promotions, for Meijer Inc.

Michigan Economic Development Corporation Announces Approval of Two Business Expansion Projects

Michigan Economic Development Corporation announced that Michigan Strategic Fund approval of two business expansion projects and one community revitalization project that will generate more than $90.1 million in new capital investment and create 496 jobs in Michigan. The company is launching new products and plans to construct three facilities in the Village of White Pigeon (St. Joseph County) to house each line. The project will generate a total capital investment of more than $7 million and create 396 jobs, resulting in a $350,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Indiana. The Village of White Pigeon is offering support to the project in the form of property tax abatement.

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