Tour Conducted of New Distribution Center Construction Site in Frenchtown

Reprinted from The Monroe News Published May 6, 2021 by Dean Cousino   Monroe County commissioners and Frenchtown Township Board members were among a group of local officials who toured the immense new InSite Real Estate Investment distribution center under construction at the former Nike Missile Base site last week. The officials visited the warehouse…

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Fourth Industrial Revolution Will Shape Market

Reprinted from today’s Monroe News USA TODAY NETWORK Written by:  Tyler Eagle   The dawn of another industrial revolution will change how businesses and manufacturing enterprises operate.   And business leaders say there are steps area businesses can take to better prepare for those shifting trends.   The Monroe County Business Development Corporation sponsored a…

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Industry 4.0: Changing the Way We Manufacture

What exactly is Industry 4.0? How does it apply to my business? In Late 2020 when the BDC staff met to go over our goals for 2021, increasing the overall awareness of Industry 4.0 was one of them. Why? In short, Industry 4.0 is the main buzz word to describe the 4th Industrial Revolution which we…

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MI Cornerstone Thoughts – Laying the Foundation for Economic Development

Op-Ed Title: “The Value of ‘Energy-Intensive, Trade-Exposed’ Companies” By: Matt Vanisacker Published in Monroe News April 5, 2021 It is hard to imagine a time without electricity. We interact with electricity in nearly every facet of life and no doubt would be lost without it. Think about the number of ways that you interact with…

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BDC Annual Investors’ Meeting Held

The BDC held its Annual Investors’ Meeting on Wednesday, March 10. This meeting was held in conjunction with our regularly scheduled Board of Directors’ Meeting. Due to COVID-19 restrictions still in place, the meeting was held for the first time virtually. Our keynote address was from a staple in Michigan’s Cornerstone, Gerdau. Gerdau Monroe is classified…

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Local Startup “ZoomBroom” Nets Matching Fund Investment

On behalf of its Matching Fund Program, the Monroe County Business Development Corporation and ProMedica Innovations announced their most recent investment in Monroe County’s own ZoomBroom. The Matching Fund Program has provided $40,000 in financial support to fund the company’s Kickstarter campaign and early onset development efforts. The new company is the brainchild of local…

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Year in Review

Last year was like no other due to the COVID-19 pandemic. We began the year as planned but just after our Annual Meeting in March, adjusted to the new way of working virtually with our Board of Directors, partners, businesses, manufacturing community, volunteers, and the community at large. To reflect, I wanted to highlight some of…

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Grant Application Opening Tuesday, January 19 at 9:00 am

The Michigan Small Business Survival Grant application opens January 19 at 9:00 am and closes January 22 at Noon! Legislation was passed in response to the small businesses that were impacted by Emergency Order MCL 333.2253 – Gatherings and Face Mask dated November 18, 2020 & Emergency Order MCL 333.2253(1) dated December 9, 2020 . As a result, Monroe County has received an…

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Payroll Protection Program Reopens Week of January 11

The U.S. Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) will reopen the week of January 11 for new borrowers and certain existing borrowers. This applies to both first and second draw loans. Companies interested in applying for a new PPP loan are asked to consult with your financial institution and tax…

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Expanded Payroll Protection Plan Offering Lending for New & Existing Borrowers

On December 29, 2020, Congress passed new COVID-19 relief legislation that, among other things, revitalizes and revises the Paycheck Protection Program. The new legislation reopens the program to first time borrowers, provides greater flexibility for how borrowers may use PPP funds and also adds a mechanism by which businesses that already received a PPP loan…

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