• Home
  • News
    • UP 200
    • Local
    • Lansing Bureau
    • Washington D.C. Bureau
    • National
    • Insights
    • Watch 19 News Live
    • CBS News Live
    • Report News
  • Weather
    • Forecast + Conditions
    • Current Alerts
    • Interactive Radar
    • Cameras
    • Share Photos/Videos
    • Closings and Delays
  • Sports
  • Features
    • Life in the 906
    • The Yooper Goddess
WZMQ 19 News | CBS | MeTV Marquette
Haze

Marquette
Haze 70°

Clear

Escanaba
Clear 65°

Mostly Cloudy

Houghton
Mostly Cloudy 70°

Clear

Iron Mountain
Clear 71°

Watch
No Result
View All Result
  • Home
  • News
    • UP 200
    • Local
    • Lansing Bureau
    • Washington D.C. Bureau
    • National
    • Insights
    • Watch 19 News Live
    • CBS News Live
    • Report News
  • Weather
    • Forecast + Conditions
    • Current Alerts
    • Interactive Radar
    • Cameras
    • Share Photos/Videos
    • Closings and Delays
  • Sports
  • Features
    • Life in the 906
    • The Yooper Goddess
WZMQ 19 News | CBS | MeTV Marquette
No Result
View All Result
WZMQ 19 News | CBS | MeTV Marquette
No Result
View All Result

1 Weather Alert

View Details »

Michigan Economic Development Corporation to invest $73 Million in small businesses

by Sophia Murphy
November 14, 2023 - Updated on December 2, 2023
A A

LANSING, Mich. (WZMQ) – The Michigan Economic Development Corporation (MEDC) has announced $73 million to help create more resources for small businesses. Three U.P. organizations have been selected to receive $8.2 million of that funding from the MEDC to create entrepreneurial hubs.

Michigan Tech Enterprise Corporation and the Lake Superior Community Partnership will both be receiving $3,426,316, and the Chippewa County Economic Development Corporation is set to receive $1,426,315.

The funding is provided through the American Rescue Plan Act Fund, which was created using money received through federal programs during the COVID-19 pandemic to assist small businesses in Michigan.

The Vice-President of small business services with the MEDC, Amy Rencher said this funding is a once-in-a-lifetime opportunity for the corporation that will allow the state’s entrepreneurial ecosystem to be strengthened by providing funding to create comprehensive resources and support for the state’s small businesses.

“There are a broad array of sort of permissible activities allowable and that’s with great intention, to really allow hubs to cater this to the regional needs and that they established and see on the ground.  it’s about raising awareness of resources both within this statewide network but also on the federal level.” Rencher said. “This is a critical investment in the states, entrepreneurial ecosystem infrastructure, and directly into the hands of small business owners.”

Rencher says these entrepreneurial hubs are allowing the MEDC to work with entities they don’t normally get to partner with to strengthen small businesses in the state.

  “We asked the hubs for very region-specific programs and services, so this required both a lead applicant like the Lake Superior Community Partnership and a set of strategic partners just to really carry that work out in a broader geography.” Rencher said. “We feel and helping bolster this innovation and entrepreneurship economy, we’re helping best prepare folks within our own auspices to start up businesses and to grow with these tools and resources as part of this hub network.”

Rencher says there’s a wide range of skill-building, educational, or networking activities and events that the funding can be used for, and the MEDC wants these hubs work around the specific needs within the region to create the most helpful resources for small business owners around the UP.

The funding will become available to the chosen organizations in January 2024, and the organizations will have a year to decide how to designate the funds.

Get WZMQ 19 anytime, anywhere

Download the app

AppleAndroid

Watch on TV

RokuFire TVZeam

Connect on social media

FacebookTwitterInstagram

More

The Copper Country Strawberry Festival began Friday in Chassell. Remember that strawberry supplies are limited due to their popularity.
News

Why Chassell Strawberries are so popular.

July 11, 2025
News

Democrats Slam Federal Budget Bill, Launch Messaging Blitz Ahead of 2026 Midterms

July 11, 2025
'Mountain Men' star Paul Antczak
News

U.P. Trappers Convention continues Saturday with demos, vendors, and more

July 11, 2025
News

Escanaba City Council nominating petitions due July 22

July 11, 2025
News

Fancy-free’s grand opening is this Saturday

July 11, 2025
News

City of Marquette discusses Strategic Plan for 2026-28 Fiscal Years

July 11, 2025
Next Post

Thousands March for Israel on National Mall 

UPAC Alliance members tour downtown Negaunee

Arts and culture organization showcases infrastructure improvements in Downtown Negaunee

  • Home
  • News
  • Weather
  • Sports
  • Features
  • Events
  • Programming
  • Station
WZMQ CBS | 19 News

© 2025 WZMQ, LLC | FCC Public File | EEO Report

No Result
View All Result
  • Home
  • News
    • UP 200
    • Local
    • Lansing Bureau
    • Washington D.C. Bureau
    • National
    • Insights
    • Watch 19 News Live
    • CBS News Live
    • Report News
  • Weather
    • Forecast + Conditions
    • Current Alerts
    • Interactive Radar
    • Cameras
    • Share Photos/Videos
    • Closings and Delays
  • Sports
  • Features
    • Life in the 906
    • The Yooper Goddess
  • Events
  • Programming
    • Programming Guide
    • CBS
    • MeTV
    • Start TV
    • Heroes & Icons
    • Court TV
    • ION
  • Station
    • About Us
    • Community Involvement
    • Mobile App
    • Meet the Team
    • Contact
    • Careers
    • Advertising
    • Request Copy of Story
    • FCC Public File
    • EEO Report
No Result
View All Result
  • Home
  • News
    • UP 200
    • Local
    • Lansing Bureau
    • Washington D.C. Bureau
    • National
    • Insights
    • Watch 19 News Live
    • CBS News Live
    • Report News
  • Weather
    • Forecast + Conditions
    • Current Alerts
    • Interactive Radar
    • Cameras
    • Share Photos/Videos
    • Closings and Delays
  • Sports
  • Features
    • Life in the 906
    • The Yooper Goddess
  • Events
  • Programming
    • Programming Guide
    • CBS
    • MeTV
    • Start TV
    • Heroes & Icons
    • Court TV
    • ION
  • Station
    • About Us
    • Community Involvement
    • Mobile App
    • Meet the Team
    • Contact
    • Careers
    • Advertising
    • Request Copy of Story
    • FCC Public File
    • EEO Report
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our privacy policy.