News Summary The newly launched PitchMI initiative aims to enhance Michigan’s startup ecosystem with a $4 million funding pool. Featuring four regional competitions, the program spotlights entrepreneurial talent across high-tech industries like AI, healthcare, and clean technology. The first competition kicks off in Detroit on October 1, 2025, with winners
News Summary Six JCPenney stores in Michigan are set to be sold as part of a $947 million deal involving 119 properties, finalized by Onyx Partners. These operational stores are part of JCPenney’s ongoing restructuring after its bankruptcy in 2020, aimed at reducing debt and modernizing operations. Following the recent
News Summary On Tuesday, Governor Gretchen Whitmer announced that 63 small businesses in Michigan received nearly $2 million in grants through the Match on Main program. This initiative, aimed at supporting businesses in downtown areas, allocated grants of up to $25,000 to help local enterprises launch, expand, and thrive. Among
News Summary Michigan Governor Gretchen Whitmer has unveiled $1.49 million in grants for 63 local businesses under the state’s ‘Match on Main’ program. This initiative aims to support small businesses, foster job creation, and stimulate the local economy. The program, which has seen a record number of applicants this year,
News Summary In the run-up to the mayoral election, candidates in Michigan are discussing key strategies to support small businesses that make up 99.6% of the state’s economy. Issues including the repeal of Right-to-Work protections and rising corporate subsidies are at the forefront. Plans such as developing a $500 million
News Summary The Grand Rapids Chamber hosted the West Michigan CEO Summit on June 10, 2025, gathering business leaders to discuss resilience amid economic challenges. Keynote speaker Mark D’Antonio emphasized essential leadership qualities while economic expert Paul Isely provided insights into the current financial landscape. The summit aimed to equip
News Summary In May, Lansing honors Small Business Month, highlighting the resilience and innovation of local entrepreneurs who have thrived despite the challenges posed by the COVID-19 pandemic. With small businesses making up 99.6% of Michigan’s businesses, local stories of adaptability shine, showcasing successful ventures like World Tour Cheer and
News Summary In Michigan, mother entrepreneurs like Mallory Vredeveld and Maddison Husted are successfully managing their bakery, The Five Forks, while raising their children. Their journey exemplifies the challenges of balancing business growth and family life, especially during the pandemic. As they navigate the entrepreneurial landscape, they emphasize creating lasting
News Summary Traverse City is positioning itself as a key player in the drone industry, aspiring to be a global hub for unmanned aerial systems. Local leaders are excited about the potential economic benefits as new FAA regulations come into play. With the upcoming ‘Uncrewed Triple Challenge’ competition and a
News Summary Daniel Yoder has been appointed as the new Upper Peninsula regional director for the Michigan Small Business Development Center, succeeding Laura Marohnic. Having previously served as a senior business consultant and associate regional director, Yoder is well-equipped to lead the SBDC office at Michigan Technological University. His dedication
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