Good morning #ChamberWorld! It's going to be a great day!
Programs approved to tap Michigan's $1 billion economic development fund
State economic development officials have approved criteria for corporations to meet when seeking assistance from a new $1 billion fund created last month to lure major projects to Michigan.
The guidelines were unanimously approved today by the Michigan Strategic Fund Board. They include performance standards and milestones for two new programs to support what Michigan Economic Development Corp. CEO Quentin Messer Jr. called “highly competitive” and “transformational” projects involving billions of dollars in investments and promises to create thousands of good-paying jobs.
“Taken together, these programs will be absolutely vital for assuring both new companies considering Michigan and our current in-state businesses need not look to invest anywhere in North America but right here in Michigan as they look to grow and expand,” Messer said.
Today’s action begins implementing a law that state legislators passed and Gov. Gretchen Whitmer signed in December creating the Strategic Outreach and Attraction Reserve Fund. The fund will support major projects such as a Lansing-area electric vehicle battery plant that General Motors is considering.
The legislative action followed Ford Motor Co.’s announcement in September that it would join partner SK Innovation Co. to invest $11.4 billion and create 11,000 jobs in Tennessee and Kentucky to build facilities that manufacture both electric vehicles and batteries.
Written to make Michigan more competitive with other states in pursuing major projects, the law gave the MIchigan Strategic Fund Board authority to decide whether a project receives state assistance. State funding for individual projects is subject to legislative approval at the state budget director’s request.
Messer declined to speculate on how soon corporations may come forward to seek assistance for a project, although the MEDC will accept applications for major projects that meet specifications “as soon as possible.” He also declined to discuss potential projects such as GM’s, other than to say the MEDC has a “robust pipeline” of prospects.
“We are hopeful that there will be requests yesterday because Michiganders deserve the opportunity to have great opportunities. Our small businesses deserve opportunities to have increased clients,” Messer said. “We are working hard, but I don’t want to speculate. We have a robust pipeline, and so I am very optimistic. We want to make sure when they happen, we are ready.”
In testimony last month to a state House committee, Messer said the state has 11 projects in the pipeline that represent more than $74 billion in capital investments and more than 27,000 direct jobs.
Two new programs
Two new programs approved today that the Strategic Outreach and Attraction Reserve Fund will support financially — the Critical Industry Program and the Strategic Site Readiness Program — will back proposed developments.
The Critical Industry Program will “allow Michigan to make game-changing investments to businesses, (which is) critical to closing deals and creating and preserving qualified jobs in the state while generating significant capital investment,” according to an MEDC staff memo to Strategic Fund Board members.
The Strategic Site Readiness Program will help to prepare sites for major developments by providing “grants, loans, and other economic assistance for the purpose of creating investment-ready sites to attract and promote investment in this state,” according to the MEDC. “Funding under this program may be used to provide an incentive to support business expansion opportunities or development of sites to attract future, not identified projects.”
The Strategic Site Readiness Program will fund work on two types of projects: Public or privately owned strategic sites for manufacturing or commercial use, and “mega strategic” sites “specifically tied for large industrial use,” said Josh Hundt, executive vice president and chief development officer at the MEDC.
“The recognition of having both of these types of sites is important because this is not only important to make sure Michigan has large mega sites available for economic development, but we also must have sites for the continued build out of the supply chain and other types of commercial uses in Michigan as we build a long-term economy,” Hundt said.
The criteria adopted by the Michigan Strategic Fund today for the new programs are the same that the MEDC uses when awarding incentives to companies, Messer said.
The criteria include clawback provisions requiring a corporation to repay the state if it fails to meet performance targets. Among the criteria are the jobs created that result from a technological shift in product or production “that moves Michigan’s economy forward and continues to build our state toward a continuing and growing state in terms of economic opportunity in Michigan,” Hundt said.
Other criteria include the importance of a project to a community or whether it will “act as a catalyst for additional revitalization, local financial and community support, the reuse of vacant or historic buildings, and the overall return on investment to the state. Read more: MIBIZ
Dearborn and Dearborn Heights Mayors to Address Area Leaders and the Public on the State of the Community at Annual Chamber Luncheon
Dearborn, MI - Dearborn Mayor Abdullah Hammoud and Dearborn Heights Mayor Bill Bazzi will address local business leaders and the public at the Dearborn Area Chamber of Commerce’s annual “A Tale of Our Cities” Business Builder Series luncheon on Tuesday, January 25, 2022, from 11:30 am – 1:30 pm at Dearborn Hills Golf Course in Dearborn.
The event, presented by Comcast, is open to the public and will include a plated lunch sponsored by Beaumont Health. Enjoy networking and lunch followed by an enlightening and informational presentation by Mayors Bazzi and Hammoud. Both mayors will give a brief forecast as we steer into 2022 for our communities, followed by a question & answer session.
“We are delighted to host our newly seated Mayors and look forward to our continued work shaping and making our corner of southeast Michigan a great place to live, work and thrive! The infrastructure, programs and the strength of our businesses and residents is essential to bringing us into the future with their leadership and teams” said chamber president, Jackie Lovejoy.
Space is limited and registration is required for this event. Member pricing is only $40, and $50 for potential members and the general public. We thank our corporate anchors Comcast as event sponsor, and Beaumont Health as luncheon sponsor. Table Sponsor for this event is the SEMCA. To register and for more information, please visit the Dearborn Area Chamber of Commerce online at www.DearbornAreaChamber.org or by phone at 313-584-6100.
Be sure to follow the Dearborn Area Chamber of Commerce on Facebook at facebook.com/DearbornAreaChamber, on Twitter @DbnAreaChamber and the Chamber website for all the latest Chamber news and events.
The Dearborn Area Chamber of Commerce provides nearly 600 members with the opportunities and resources to engage and network with other businesses, enhancing financial growth, professional development, and the ability to contribute to a thriving community environment.
|
|
|
|
|
|
Birmingham-Bloomfield Chamber: 2022 Forecast Series
Registration is now open for our 2022 Forecast Series Dates
January 19 - Economic Forecast Breakfast
February 16 - Real Estate Forecast Breakfast
March 10 - Government Forecast Breakfast
Corporate tables of eight available.
"I started my journey with the Chamber over 13 years ago… I am blessed to get up each morning and do a job that I love. I am excited and grateful to be serving in this role,” said President Bobitz
#BestChamber practices: Chamber Forms Kosciusko Chamber of Commerce Foundation, Inc.
The Kosciusko Chamber of Commerce is pleased to announce that they recently received 501(c)(3) status from the Internal Revenue Service. This classification allows the Chamber to operate a public charity.
The primary focus of the Kosciusko Chamber of Commerce Foundation, Inc. is early childhood education and childcare, an important workforce development issue. In 2018, the Kosciusko Chamber, Kosciusko County Community Foundation and United Way were instrumental in founding LaunchPad, Kosciusko County’s Child Care and Early Learning Coalition. The Chamber has previously had to rely on the Kosciusko County Community Foundation to serve as the fiscal sponsor of LaunchPad. This updated status allows LaunchPad to be eligible for both receiving and making grants to build high quality childcare capacity in the county. LaunchPad Director, Sherry Searles said, "We are so thankful for the fiscal support of the Kosciusko County Community Foundation over the last three years. We now look forward to the funding opportunities as a result of our own foundation."
LaunchPad was formed as an alliance between United Way, the Kosciusko County Community Foundation, and the Kosciusko Chamber of Commerce. Chamber President & CEO, Rob Parker said, “Since the inception, all three entities strongly believe that Childcare and Early Childhood learning is a Workforce Development issue. Without the fiscal partnership between United Way and the KCCF, the Chamber would not have been able to fully implement the strategic direction of Launchpad. Having our own 501(c)(3) foundation will allow the Chamber to be more active in seeking grants to encourage more high quality childcare seats in Kosciusko county. At the Chamber, we take great pride in helping businesses grow.”
|
|
|
Thursday, February 17 • 11:00 a.m.-12:00 p.m.
Oshkosh Chamber of Commerce
120 Jackson Street
Exhibiting at the April 6 Business Expo? If so, you won't want to miss this opportunity to learn tips and tricks that will help skyrocket your trade show investment.
Topics presented by a 30-year industry expert include:
Exhibit design
Goal setting
Giveaways
Booth staff training
And more!
Seating is limited so reserve your spot soon by calling 920-347-1708 or email ahintze@skylineimage.com. Open registration until Feb 17, 2022.
Portage County Business Council Announces Small Business of the Year, Decree of Excellence Recipient, Ambassador of the Year and President’s Award Recipients
STEVENS POINT, WI—The Portage County Business Council is proud to announce that Mission Coffee House., has been selected as the recipient of the 2021 Small Business of the Year. Gamber-Johnson, LLC has been selected for the 2021 Decree of Excellence Award. The entire Ambassador Club selected Sherri Galle-Teske from the Humane Society of Portage County to receive the 2021 Ambassador of the Year award. And Lisa Sobczak, Senior Area Manager of ABR Employment Services has been selected as the recipient of the 2021 President’s Award.
Mission Coffee House, owned by Russel Ehlinger, was chosen based on their growth and financial stability; dedication to customer service and community needs; strength in employer/employee relations, efforts to adapt to market changes, and industry leadership. They are located at 1800 Plover Road, in the Artist & Fare building in Plover.
Gamber-Johnson LLC, an industry leader in the manufacturing of mobile and proAV mounting solutions, was chosen based on their contributions to the area’s economic vitality, increase in local employment base and significant contributions in community service.
Business Council Ambassador Sherri Galle-Teske, and Executive Director of the Humane Society of Portage County will be recognized for her dedication to community outreach and participation in activities that promote the Portage County Business Council’s mission.
2021 Portage County Business Council Board President Ray Ackerlund selected Lisa Sobczak for the President’s Award. “Lisa’s involvement and leadership in the Business Council and our community over the past 30+ years is an example for all of us to strive towards.
Her passion is unmatched and has made a direct impact on so many current and past members. Over the last year, Lisa was instrumental in helping the
Business Council recruit and select our new executive director. Lisa is always someone that we can rely on for great advice and guidance and is an amazing resource for our business community.”
The Presenting sponsors of the event are TDS and WoodTrust Bank. Award sponsors include Delta Dental of Wisconsin, Nicolet National Bank, Sentry, Simplicity Credit Union, and Van Horn Nissan Stevens Point.
“Our annual award winners are examples of leadership in our community and their guidance has added so much to our quality of life”, said Michael Witte, Executive Director for the Portage County Business Council. “These recipients reflect all that is great about the people, businesses, education and government that embodies Portage County. They are role models of unselfishness and what it means to sacrifice for the betterment of everyone. They join a long line of community leaders recognized for excellence.”
Award recipients will be recognized at the Portage County Business Council’s Annual Dinner on Wednesday, January 26th at the Holiday Inn Hotel & Convention Center in Stevens Point. Registration for the event can be found at www.portagecountybiz.com.
For more information, contact Karen Myers at karenm@portagecountybiz.com.
|
|
|
|
|
#ChamberJob Openings: Heart of Wisconsin: Engagement Manager
The Heart of Wisconsin Chamber of Commerce is seeking a highly skilled and enthusiastic individual to serve as its Engagement Director. While working in a fun, fast-paced working environment, this individual will oversee investors, engagement, and network development.
JOB TITLE: Engagement Director
GOALS OF POSITION:
The Engagement Director plans and executes a strategic investor’s membership plan for the Heart of Wisconsin Chamber of Commerce (HOW). The Director identifies prospects, works to determines their needs, communicates the Chamber’s value to them, and invites them to join and ultimately closes the membership. In addition, the Engagement Director works closely with existing investors on a retention plan, ensuring we continue to deliver value year in and year out.
PRIMARY DUTIES AND RESPONSIBILITIES:
Recruiting new investors to the Chamber while retaining said investors along with recruiting, communicating, and managing volunteers for the chamber including the following,
- Responsible for creating leads for new and existing investors in the area
- Setting appointments with prospective investors to the chamber, which ultimately equates to membership investment
- Serve as primary contact for a new investors to be engaged with events and programs
- Responsible for investor contact and relationship building
- Provide correspondence and new investor packets on a timely basis
- Coordinate Ambassador and Leads Program
- Works in partnership with staff to create/enhance investor benefits, programs, and events
- Responsible for some invoicing, following budget, and follow-up calls to investors that are past due investors
- Prepare monthly investor reports for the board of directors
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.