The Michigan Economic Development Corp. hopes to see $1 million of new business contracts born from its aerospace summit pairing global purchasers with local suppliers.The Pure Michigan Aerospace Summit takes place 9 a.m.-4 p.m. Wednesday at Ford Field. Buying teams from 24 purchasers, including Boeing and Lockheed Martin, have committed to the matchmaking event, along with 150 suppliers, said Trevor Pawl, group vice president of mobility, supply chain and trade at the MEDC.The event, hosted by the MEDC's Pure Michigan Business Connect since 2014, showcases Michigan as a major player in the aerospace industry, given the state's automotive manufacturing infrastructure and supply chain savvy. Last year's event drew a similar number of buyers and purchasers and resulted in around $500,000 in new contracts. The summit costs about $50,000 to produce."For us, that's a good ROI for putting this thing on," Pawl said.Other major buyers attending this year include Aernnova Aerospace, RCO … [Read more...] about MEDC aims for $1 million in new business during aerospace summit in Detroit
New business promotion
Bangor Linda Coan O'Kresik | BDN Old Town received a $100,000 state grant to renovate the downtown facades. The city also put in $25,000 of its own money toward the facade work. By Eesha Pendharkar, BDN Staff • March 4, 2019 1:16 am Old Town has seen something of a resurgence in commercial activity in its downtown over the past few months, with a handful of new businesses and excitement about what’s to come with the expected reopening of the Old Town pulp mill. “Like many communities, we lost our anchor businesses in downtown and everything went to the malls,” Economic Development Director Ron Harriman said. “Now it seems like things are going full circle and people want to come back to downtown.” Last year, the city received a $100,000 grant from the state and put in $25,000 in local money to renovate 12 downtown building facades on Main Street. The upgraded look from the facade renovation, the pulp mill’s expected reopening and … [Read more...] about In Old Town, spruced-up facades and mill’s coming restart have brought new business
SOUTH PORTLAND — The city’s Economic Development Committee is seeking to repurpose an existing fund to help start-ups and get over the hurdle of launching a new business. The proposal, along with one from the Affordable Housing Committee that would establish a lending program for low-income housing tax credit projects, were presented by Assistant City Manager Josh Reny during a City Council workshop Dec. 27. According to Reny, the city maintains two Revolving Loan Funds – one business-oriented, the other geared towards housing. Neither fund has been well utilized in the past decade, City Manager Scott Morelli said in a memo to the council, because the city has not been actively promoting them. The Business Development RLF has accumulated about $50,000 since it was established in 2010, according to Finance Director Greg L’Heureux, and is capitalized with tax increment financing funds. According to Morelli, the goal is to find more partners and use … [Read more...] about South Portland looks to boost new businesses, low-income housing
Here are four tips to help you remain committed to sustainable practices and build a successful business. Saloni Doshi Published 6:00 am CDT, Friday, October 19, 2018 Photo: Katie Edwards | Getty Images Photo: Katie Edwards | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Katie Edwards | Getty Images Is 'Low Cost at All Costs' the New Business Mantra? It Doesn't Have to Be. 1 / 1 Back to Gallery Sustainability is a hot trend. In fact, when asset manager BlackRock analyzed the stock market performance of 1,850 companies to track sustainability correlation, it found that the 20 percent of companies that made the biggest cuts to carbon intensity beat the market average by 6 percent.The 20 percent … [Read more...] about Is ‘Low Cost at All Costs’ the New Business Mantra? It Doesn’t Have to Be.
.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ALBUQUERQUE, N.M. — A new business coalition is taking to social media in its mission to promote the state’s energy production and its growing economy. New Mexicans for Economic Prosperity has 12 members that include chambers of commerce, landowners, economic development associations and oil- and-gas related groups. Members believe New Mexico “is now an energy powerhouse, but the significance of that extends far beyond oil and natural gas production,” said executive directory Kyler Nerison. A large budget surplus means the state has “the financial resources to invest in our schools, public safety, and infrastructure — the kinds of investments that will ensure long-term prosperity, not just short-term gains.” ADVERTISEMENTSkip However, Nerison said … [Read more...] about New business group promotes state’s newfound wealth