Coyote Logistics locating in Ann Arbor, adding 125 new jobs View MEDC Social Networking RSS

Wednesday, August 14, 2013 LANSING, Mich. – The Michigan Economic Development Corporation today announced Michigan Strategic Fund approval of a $1 million Michigan Business Development Program incentive for Coyote Logistics to establish a new location in Ann Arbor, a project that will generate approximately $1.2 million in new private investment and add up to 125 new jobs. “Coyote Logistics is a national leader in logistics and transportation... [Read More...]

Building Relationships

By: Luke Bonner, VP of Business Development, Ann Arbor SPARK SPARK’s Business Development is constantly working to build relationships within the Ann Arbor region through business retention visits & networking events. The last month the SPARK Business Development team has been working on overdrive to create new opportunities for the region, and working just as diligent to seal some deals.  SPARK has spent time in Atlanta and Toronto following... [Read More...]

MEDC, Ann Arbor SPARK Support Hyundai Expansion

LANSING – The Michigan Economic Development Corporation today announced that the Michigan Strategic Fund has approved a $2.5 million Michigan Business Development Program incentive for Hyundai America Technical Center, Inc. (HATCI) to expand its operations in Michigan by building a world class Hot/Cold Weather Dynamometer Test facility at its Superior Township location south of Ann Arbor. “Hyundai is a world class company and its decision to expand... [Read More...]

Twelve Companies Receive Michigan Microloan Fund Program Award

Twelve Michigan companies have received a combined total of more than $444,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to more than $2.4 million.  The companies received the funding to support commercialization of their core products. “The companies that received Michigan Microloan Fund Program awards represent the wide range of innovations taking root across the state,” said Skip Simms,... [Read More...]

Nine Companies Receive Michigan Microloan Fund Program Support

Nine Michigan companies have received a combined total of more than $478,000 through the Michigan Microloan Fund Program, bringing the total amount invested through the Fund to more than $2 million.  The companies received the funding to support commercialization of their core products. “Microloan funding, by design, is that bit of extra support that a company needs to bring a product to market,” said Skip Simms, Ann Arbor SPARK senior vice... [Read More...]

Hyundai American Technical Center Inc. to Expand, Receives Support from Ann Arbor SPARK, MEDC

Ann Arbor SPARK, a public-private partnership whose mission is to advance innovation-based economic development in the greater Ann Arbor region, worked with Hyundai to help the company secure more than $2.5 million in new business development incentives from the State of Michigan and Superior Township.  The funding, which is subject to approval by the Michigan Strategic Fund, will be used by Hyundai to expand an environmental chamber for extreme... [Read More...]

Former Pre-Seed Funding Company Receives Venture Capitol Investment

Tangent Medical Technologies, a recipient of Pre-Seed Capital Funding in 2010 through Ann Arbor SPARK, has recently secured 4.5 million in venture capital to bring their product to market. This funding will accelerate the commercialization of Tangent’s medical device, the NovaCath™, which is designed to replace the intravenous drug systems that are currently used in hospitals. Tangent’s history with SPARK dates back to 2009, when they participated... [Read More...]

SPARK East Awarded $250,000 Grant

Washtenaw County, in partnership with Eastern Michigan University and Ann Arbor SPARK, has been selected by the Michigan Strategic Fund to receive an award of $250,000 in grant funding through MEDC and the state of Michigan. The grant will support SPARK East, the third business incubator in SPARK’s Regional Incubator Network; located at 215 W. Michigan Avenue in Ypsilanti, SPARK East offers affordable office space, and critical start-up services,... [Read More...]

New Pool of Funds for Pfizer Assets

MSF Approves $8mm Fund The Michigan Strategic Fund met Wednesday and approved proposals from three economic development organizations, including Ann Arbor SPARK, to create a fund to be invested in companies, including start-ups, that will keep Pfizer employees in the state.  Ann Arbor, Kalamazoo and Holland will meet next week to work out the details regarding the eligibility and distribution of the funds $8 million.  The primary purpose of the... [Read More...]

Next Round for 21st Century Jobs Fund ‘On Hold’

February SEIC Board Meeting cancelled The Michigan Strategic Fund Board meets next Wednesday.  Although the minutes of their January meeting are not on-line yet it is common knowledge that they did not approve the SEICs request to start a new round of funding for Michigan start-ups.  The MSF wants to use the $34 million for other programs.  Some of those dollars may be for programs that will help Ann Arbor respond to the opportunities and challenges... [Read More...]