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Why Economic Development

buildingsEconomic developers are often tasked with answering the question of exactly what it is that they do. As you will learn below, they use a variety of methods to meet their goals. This page provides a simple explanation of this great profession.

What is Economic Development?

Economic development is attracting and growing businesses, creating and retaining jobs, and making our communities a better place to live.

Why is Economic Development Important?

Attracting and growing businesses strengthens our economy providing locally-produced goods and services. Strong businesses pay taxes that go for vital services such as schools, roads, fire, and police. Businesses also provide good jobs that put money in people’s pockets and allow for a higher quality of life.

What is the impact of economic development?

Economic development has a lasting impact on a community. Job providers purchase goods and services they need to operate, and their workers purchase goods and services they need to live. Money changes hands many times as it flows through the local economy and creates overall prosperity enjoyed by all citizens.

What are other benefits of economic development?

  • Economic development has a major impact on the places where we live, work, and play. Putting vacant or abandoned buildings and land back into productive use is a major function of economic development. This helps keep businesses located in urban areas where sewer, water, and other services are already present.
  • Economic development retains and attracts talented people. Communities that provide quality jobs and great places to live and work are a magnet for folks of all ages. As a result, these places have a strong future.
  • Economic development also fosters the entrepreneurial spirit that resides in our creative and ambitious citizens. By providing access to ideas, investment and expert advice new companies can be created to help assure Michigan’s economy stays innovative and diverse.

What is an Economic Developer?

What is an Economic DeveloperEconomic developers are professionals within a community that use various tools to stimulate economic growth while maximizing the best interests of the entire community and finding mutually beneficial solutions for all parties concerned.

How do Economic Developers attract and grow businesses to strengthen our economies?

Economic developers work jointly with businesses, developers, and the government to promote economic growth. They are well versed in business assistance, marketing and knowledgeable regarding federal, state, and local programs.

How does an Economic Developer make a difference in my Community?

Businesses are always faced with decisions of where and how to invest their limited funds to be more successful. These funds are often borrowed from banks and investors who expect a return on their investment. Communities benefit from economic development and are quite often willing to help lower a business’s initial investment costs or taxes. Economic developers understand how these private investment decisions are made and work to make sure the decision is good for both the business and the community.

What tools do Economic Developers use to create Economic Development?

There are many factors that come into play when private investment decisions are made. Economic developers use tools such as incentives to reduce business costs which results in more investment in the community and creates benefits for both the private and public sectors.  

How do Economic Developers ensure the use of incentives is in the public’s best interest and businesses are held accountable for the promises they make?

The public sector makes the decision to approve the type and use of incentives. These decisions are based upon the desire to benefit the public. Economic development incentives are a valuable tool that can provide the state and local communities with a positive return on their investment. Economic developers are experts in the use of incentives and forging agreements between businesses and government to ensure the results are mutually beneficial to all.  

How can I find one to help me and/or my community?

The staff of the Michigan Economic Developers Association (MEDA) is happy to help connect you with an economic developer to help with your economic growth project. Also see the Michigan Economic Development Directory, full of MEDA members and partners that are ready to help you succeed in Michigan!

Additional Resources

This delightful video explaining economic development is shared with permission from the Marketing and Branding team at Economic Development Winnipeg.

Read the What is Economic Development, Exactly? blog by Karl Dorshimer, CEcD, EDFP, Director, Economic Development, Lansing Economic Area Partnership (LEAP)

View the Promoting Economic Development and Economic Developers in Michigan PowerPoint, created by MEDA's Advocacy Committee.

The International Economic Development Council (IEDC) and The Right Place, Inc. also have materials that explain economic development.

Questions

If you have any questions, visit our Contact MEDA page.

MEDA and Economic Development News

meda newsEach week, the MEDA staff sifts through several sources for news that is useful to our members, and that highlights the work of our members. MEDA members receive the news before it is posted to this page.

Headlines not only include good news about economic growth in Michigan, but also valuable reports, examples of the creative use of an economic development tool for a project, federal-level program updates, or economic outlooks and trends. MEDA Members in the News articles list the name of a MEDA member and tell about the work that they are doing to grow their community. The Economic Development Around the Word component is meant to give perspectives and ideas based on what is going on in other states or countries.

3/20/23

$150K Grant Aimed at Expanding Child Care Access in Upper Thumb

What to Know About Restoration, Possible Expansion of Prevailing Wage Law

Economic Development Resources
Doing Business With the State of Michigan Webinar

MEDC Educational Videos

Announcing $2.3 Million Dollars in Funding for the MSHDA Mod Permanent Program, and the MSHDA Multiple Modulars (M3) Pilot Initiative

Report: New Distribution Centers Raise Tax Revenue for their Communities

3/13/23

Whitmer Signs Tax Cuts, $1.4 Billion for Business Incentives into Law

Michigan Microbusiness Coalition Launches to Support Startups and Small Ventures

Former Wyandotte City Hall to be Renovated into Mixed-use Development

Economic Development Resources
Grants for Build Missing Middle Housing in Michigan

Michigan's Statewide Housing Plan is Finalized. Read it Now.

Gov. Whitmer Announces New EV Jobs Academy Website to Connect Michiganders to Careers in Electric Vehicle Industry

231 Food & Beverage Pitch Challenge

3/10/23

Senator Chang Receives Michigan Economic Developers Association Legislative Economic Development Champion Award

Senator Roger Victory Receives Second Michigan Economic Developers Association Legislative Economic Development Champion Award

Representative Matt Hall Receives Michigan Economic Developers Association Legislative Economic Development Champion Award

Representative Samantha Steckloff Receives Michigan Economic Developers Association Legislative Economic Development Champion Award

3/6/23

No Slowdown In Sight for Michigan

‘Wins for the Entire State’: More Big-Name Companies Plant Roots in Michigan

EGLE Releases Draft Materials for the National Electric Vehicle Infrastructure Formula Program

Industrial Update: Did the Market Overshoot the Equilibrium?

Economic Development Resources
Supercharge Your Climate and Sustainability Goals

Consumers Energy Put Your Town on the Map Competition

2/27/23

MICHauto’s Glenn Stevens Jr. Appointed to Michigan Travel Commission

Faster Internet & Lower Cost: How IXPs Are Changing the Way Communities Get Connected - 4 Michigan Target Communities

How EDA Grant to Downriver Community Conference Will Make a Difference to Downriver Communities (video)

Economic Development Resources
Putting Unprecedented Federal Funding for Trails and Active Transportation to Work

Michigan Main Street The Small Deal Survey: What We Learned

Meeting the Challenge of Supply Chain Disruption

CDBG Public Gathering Spaces Initiative

3D Printer Pitch Competition

2/21/23

Ford Details $3.5 Billion Electric Vehicle Battery Plant to be Built in Marshall

Ford Chooses U.S. for Federal Incentives. Experts Say It's Just the Beginning.

Port Huron Manufacturer Getting 7-Year Tax Break for $2.6 Million Expansion

Economic Development Resources
MI Connected Future Tour Schedule

U.S. Department of Commerce Seeks Public Input on New Tech Hubs Program

USDOT Key Notices of Funding Opportunities

2/13/23

GVSU, Employers form Partnership to Accelerate Talent Creation in Michigan

New Bill Folds Together Tax Cuts, $180 Rebate, $1.8 Billion Earmark for Economic Development

Economic Development Resources
State of the Upper Peninsula Workforce

Making It In Michigan Food Trade Show and Networking Conference

Michigan State Trade Expansion Program (M-STEP)

What in the World? FDI Trends to Watch in 2023

MDARD Announces Value-Added Grant Opportunity

2/6/23

GM to Invest $650 Million in Lithium Mining Company in US

More Details Emerge for $1.5B District Detroit Buildout and Incentives

Economic Development Resources
Megasites: The Proof is in the Outcomes

New IEDC EDRP Report: Strategies to Raise Local Workforce Participation

1/31/23

MEDA Releases 2022 Annual Report

1/30/23

Detroit Scores Tops for Startups but Survey Shows it Needs to Think Bigger to Stay Ahead

GM to Spend $795 Million Prepping Flint and Bay City Plants for V-8s

Whitmer Announces $23 Million in Startup Funding for Child Care Entrepreneurs

Michigan Tries to Lure Tech Workers After Layoffs at Google, Other Giants

Economic Development Resources
PMBC Bridge Street Local Vendor Event Applications Due Feb. 3rd

CEDAM Community Development Fellowship Applications Due March 5th

Dbusiness 30 in their 30s Nominations Being Accepted

1/23/23

Michigan Economic Development Leader Gets New Contract

Mott Foundation Grants $16.5 Million to Support a New YMCA and Mixed-use Space in Downtown Flint

Michigan May See ‘Mild’ Recession in 2023, but it Also Has a $9.2B Surplus

Economic Development Resources
Michigan’s Statewide Outdoor Recreation Plan Offers Wealth of Insights

How Are Economic Developers Partnering to Solve Workforce Challenges?

Manufacturing Accelerator Helps Entrepreneurs Bring Ideas into Reality

EDA Revolving Loan Fund

1/17/23

Michigan Predicted to “Dominate” EV Battery Manufacturing After $2B Investment

What Michigan's Minimum Wage Increase Means for Small Businesses

The Fresh Economic Development Strategy Emerging in the Midwest

Economic Development Resources
State Land Bank Authority Blight Elimination Program – Deadline January 31

Michigan Housing Opportunities Promoting Energy Efficiency Program (MI-HOPE) - Deadline for Agency Submissions for Phase 2 Funding is February 9

The Challenges of Renovating an Existing Facility Into a Food Plant

1/9/23

Lear To Build $112 Million Expansion In SE Michigan, Traverse City EV Components

Lordstown, Ohio Gives Michigan Hint of How EV Battery Plant Changes Economy

Cadillac Offering Downtown Dollars to Stimulate Local Economy

Economic Development Resources
Site Selection Magazine's State of the States Report

SBA Veteran Contracting Assistance Programs

6 Things to Know About How Development Works

12/26/22

It Was a Boom Year for Grand Rapids Development. These 9 Projects are Set to Come Online in 2023.

New Program Gives SE Michigan an Edge in Hot Industrial Real Estate Market

Economic Development Resources
USDA Accepts Applications for Rural Energy for America Program

Biden-Harris Administration Awards More Than $6.3 Million to Michigan in ‘Internet for All’ Planning Grants

Guide for Building a Community Entrepreneurial Ecosystem

FY23 Certified Local Government Program Grant Applications Now Being Accepted

PFAS: A Michigan Update

12/19/22

Michigan is a Climate Haven in a Warming World. Will Everyone Move Here?

Another Suburban Office Building Looks to Go Residential

Upper Peninsula Paper Mill May See $1 Billion Manufacturing Investment

Economic Development Resources
MICHAuto Summit - Full Webcast

Governor Whitmer Announces $2 Million Grant to Grow High-Tech Talent Pipeline in Michigan

Supporting Small Businesses and Local Communities - Recorded Webinar

12/14/22

Zachary Morris Elected to Three-year Term on MEDA Board of Directors

12/12/22

SmartZone Grant to Be Used for Outdoor Innovation Center

Toolmakers for Automakers See Wave of New Business Headed Their Way

Acrisure Leader Shares Talent Attraction Insights

Pfizer to Invest $750M at Kalamazoo Facility for Medicines and Vaccines - Series of Other Life Sciences and Medical Device Investments Michigan Has Secured Recently

Economic Development Resources
Michigan Green Communities Challenge

Let Your Business Opinions be Heard with The Michigan Future Business Index Survey

12/5/22

Ottawa County Approves $32.7M in ARPA Funds for Community Projects

New Investments in Western Upper Peninsula Announced

Oakland County Investing $1M to Aid Development of Affordable Housing

Economic Development Resources
Pure Michigan Trail, Water Trail or Trail Town Applications Due Jan. 15

Top Five Mistakes to Avoid When Enabling Missing Middle Housing in your City or State: Don’t Get This Wrong

Rural Business Development Grants - Application Window Ope

11/28/22

Remote Work Creating Challenges for Incentive Agreements and Compliance

Kalamazoo Awarded EGLE Brownfield Funding to Redevelop Two Contaminated Sites

Gov. Whitmer Forms Semiconductor Talent Action Team

Why Venture Capital is Vital to the Economy

U-M Startups Raise $760M During FY22, Added 433 Inventions

Economic Development Resources
SSBCI 2.0 Access to Capital Overview 11/29 Webinar

Michigan CDFIs to Form Coalition, Collaborate on Lending Solutions, Programming

11/21/22

Michigan Pitches New ‘Mega Sites' Near Lansing, Flint to EV and Chip Makers

Gretchen Whitmer Announces Nearly 300 New Jobs in Grand Blanc Township

Upjohn Releases New Report: Bridging Research and Practice to Achieve Community Prosperity

Economic Development Resources
Housing Michigan Coalition Supported Legislation

The Future of Freight: Transforming the Movement of Goods

Shop Local Resources for Small Business Saturday

11/14/22

Economic Development Resources
U.S. Department of Commerce Launches First of its Kind Economic Recovery Corps with $30 Million CARES Act Investment

MSU Research Foundation Allocated $8M from the State of Michigan to Continue Startup Investment Program Across the State

LIFT Scholarship Program

Headlines

Parents, Students and Businesses Benefit: APS Breaks Barriers, Builds Unique Partnership

Grant, Loan Awarded for Vault Project

MSU Researchers Get $500K NSF Grant to Continue EV Charging Station Work

11/7/22

Five Current Economic Incentive Trends

Shelby Township of Oceana County to Receive $2.2M in Support for Workforce Housing Infrastructure

Michigan Celebrates Small Businesses - Call for Nominations

What New Federal Funding Will Mean for Making Batteries

Economic Development Resources
Michigan Historic Preservation Network Predevelopment Loan Program

Legal Training Services for Exporters

10/31/22

Monitor Township Printer Relies on a Unique Workforce to Build its Business

Proposal Aims to Improve Ferndale Buildings with Help of Resident-led Task Force

Economic Development Resources
A New Playbook Looks To Help Rural Communities Utilize Opportunity Zones

Free Webinar with Michigan High Speed Internet Office on Closing the Digital Divide

Notice and Request for Information-Opportunities and Challenges in Federal Community Investment Programs

MEDA Member News and Views
Kick-off Event for the Flint & Genesee Business Bridge is Underway - Featuring: Tyler Rossmaessler, the Executive Director of Flint & Genesee Economic Alliance

UP Colleges Help Train for Manufacturing Careers - Featuring: Amy Berglund, Director of Business Initiatives, InvestUP

VIA Motors Announces New Headquarters and Technical Center - Featuring: Maureen Donohue Krauss, President and CEO, Detroit Regional Partnership

10/24/22

Electric Transmission Upgrades in Michigan to Generate $6B in Economic Benefits

Frankenmuth Kept to Its Chickens During Pandemic. Now, It’s Thriving.

Detroit Nonprofit Kicks off 3D-Printed Home Build Project

Economic Development Resources
Michigan Arts and Culture Council Grant Programs - Deadlines Approaching

BBCetc Receives Grant to Support Underserved Entrepreneurs and Businesses

MEDA Member News and Views
Michigan’s Mobility Future Dependent on Robust EV Charging Network - Featuring: Vicky Rowinski, Director, Macomb County Planning and Economic Development

Detroit... the Fashion City? Why Detroit May be the Next Silicon Valley of Apparel Manufacturing - Featuring: Kevin Johnson, President and CEO of Detroit Economic Growth Corporation

Economic Development Around the World
Site Readiness, Not Talent, Is Biggest Concern of Expanding Manufacturers

10/17/22

Grand Rapids Airport and Partners Aim to Cultivate Mobility Startups

How the CHIPS and Science Act Will Target Economic Development in Distressed Labor Markets

Michigan Gets $250 Million from Feds to Expand High-speed Internet Access

MEDA Member News and Views
How Ferris State’s Partnership with Chinese Manufacturer Will Help Bring Thousands of Jobs to Region - Featuring: Brent Case, Vice President, Business Attraction, The Right Place, Inc.

Michigan’s Housing Crisis Has Spread to Alpena. How $100M Can Help. - Featuring: Bob Filka, CEO of the Michigan Association of Home Builders

Economic Development Around the World
The Tech That Tries to Tackle NIMBYs

Economic Development Resources
Comprehensive Economic Development Strategies (CEDS) Resource Library

10/11/22

MEDA Member News and Views
New Battery Component Manufacturing Facility in Big Rapids to Create 2,350 Jobs - Featuring: Brent Case, Vice President, Business Attraction, The Right Place, Inc. 

Nexteer Automotive Expands Buena Vista Township, Michigan, Operations - Featuring: JoAnn Crary, President, Saginaw Future, Inc.

Gov. Whitmer Announces 2,000 New Jobs, Investment of $1.6 billion as Michigan-Based Our Next Energy Builds Battery Manufacturing Campus in Wayne County - Featuring: Maureen Donohue Krauss, President and CEO, Detroit Regional Partnership

Lansing Region’s Top Young Professionals Recognized at 10 Over the Next Ten Awards - Featuring: Aurelius Christian, Commercial Development Specialist, Lansing Economic Development Corporation (LEDC)

Land Banks Prove Their Power — If Used Correctly - Featuring: Kurt Brauer, Partner, Warner Norcross + Judd

Economic Development Resources
Whitmer Announces $21.55 Million Blight Elimination Grant Program to Revitalize Communities, Grow Economy

Most Dynamic Micropolitans Report 

10/3/22

Biden-Harris Administration Announces Historic $7 Billion Funding Opportunity to Jump-Start America's Clean Hydrogen Economy

State Issues $225 Million Bond to Proposed Evart Potash Mine 12 Years in the Making

Economic Development Resources
Gov. Gretchen Whitmer Announces $1.4 Million in Export Assistance Funds Available for Michigan’s Small Businesses

Attracting Remote Workers to Your Community: 3 Must-read Articles

Child Care Innovation Fund Opportunities

Verizon Small Business Digital Ready Grants and Resources

MEDA Member News and Views
Leaders OK Tax Break for $2.4 Billion EV Battery Plant Near Big Rapids - Featuring: Randy Thelen, President and CEO, The Right Place, Inc.

9/26/22

MDOT Partners with Electreon to Develop Larger Wireless In-road EV Charging System

U-M to Create $5.3M Advanced Mobility Supply Chain Transformation Center

Economic Development Resources
The State of Site Selection 2022

Pattern Book Homes for 21st Century Michigan

Missing Middle Housing Grant Program

USDA Awards $2.1 Million in Funding to Michigan for Specialty Crop Block Grant Program

9/23/22

MEDA Blog Post: Green Space Investments Spur Placemaking Economic Development

9/19/22

MI Future Mobility Plan Announced at Detroit Auto Show

MEDA Member News and Views
$11 Million Commercial-residential Development Coming to Downtown Grand Blanc - Featuring: Wendy Jean-Buhrer, City Manager, City of Grand Blanc, and Tyler Rossmaessler, Executive Director, Flint & Genesee Economic Alliance

Cornerstone Alliance - Berrien County Receive $2.6 Million through RAP Program - Featuring: Rob Cleveland, President and CEO, Cornerstone Alliance and Dan Fette, Director of Community Development, Berrien County

Economic Development Resources
National Economic Resilience Data Explorer (NERDE)

Revolving Loan Fund Learning Center

Neighborhood Enhancement Program (NEP) Round 8 Window is Now OPEN

Economic Development Around the World
A Data-sharing Approach for Greater Supply Chain Visibility

9/13/22

Olivia Blomstrom Recevies Second Birgit M. Klohs Fellowship Award

9/12/22

Economic Development Resources
U.S. Department of Commerce Invests Approximately $52.2 Million to Catalyze the Mobility Sector in Michigan Through American Rescue Plan Challenge

The Gilbert Family Foundation Launches $10M Venture 313 Program

How the U.S. Commercial Service’s International Partner Search Can Help your Company Export Internationally

Headlines
MDARD Rural Infrastructure Survey - Please Complete by September 23rd

Potential $375M Investment, 170 New Jobs Coming to Saginaw’s Hemlock Semiconductor

Michigan Grants Nearly $84M in Pandemic Aid to Community Projects Across the State

MEDA Member News and Views
The Right Place Debuts Tech Strategy for Greater Grand Rapids Region - Featuring: Randy Thelen, President and CEO, The Right Place, Inc.

8/26/22

Dana Plans $54.2 Million EV Battery Cooling Plant in Auburn Hills

Talent First Launches Rebrand, Talent Solutions Series 

MEDA Member News and Views
Michigan Invests $5M to Turn 3 Properties Into 'Build-ready' Mega Sites - Featuring: Bob Trezise, President and Chief Executive Officer, Lansing Economic Area Partnership (LEAP)​​​​​​​

Economic Development Resources
Southwest Michigan Buyer-Supplier Meet & Match

Governor Whitmer Announces $2.8 million in Grants for Workforce Training to Get Michiganders Back to Work in Good-Paying Jobs

USDA Rural Development Innovation Center - Grant & Loan Funding Opportunities

Economic Development Around the World
Retrofitting Office Space to Attract Life Sciences Companies

Is Your Manufacturing Network an Anchor or a Sail?

8/26/22

Senator Ken Horn Receives Michigan Economic Developers Association's 2022 MEDA Medalist of the Year Award

Nicole Black Receives Michigan Economic Developers Association's 2022 Robert Sieghart Award for Enthusiasm for the Economic Development Profession

Luz Meza Receives Michigan Economic Developers Association's Emerging Star Award

Fred Zorn Received Michigan Economic Developers Association's 2022 President's Award

8/22/22

Going PRO Talent Fund Changes in Store for 2023 | WGRT

State and Federal Lawmakers Accelerate Northern Michigan Rail

Economic Development Resources
SSBCI 2.0 Funding Available for Small Businesses, High-Tech Startups

What to Know About the CHIPS Act

Whitmer Announces Investment in Downriver Small Businesses to Grow Regional Economy

Economic Development Around the World
Illinois, Indiana, Wisconsin Join Whitmer's Lake Michigan EV Charging Circuit

Moody's Analytics - A Volatile First Half - What’s Next?

MEDA Member News and Views
$5.9M Housing Project Planned for Downtown Battle Creek

8/15/22

$4.5M to Redevelop Jackson’s Southside Coming from City 

Ford Motor Company and DTE Energy Announce the Largest Renewable Energy Purchase from a Utility in U.S. History

Five Site Selection Recommendations for Mega Projects

Economic Development Resources
Internet for All: Michigan Local Coordination Workshop

Economic Development Around the World
EV Industry Driving Massive U.S. Site Selection Projects Valued at $60 Billion

As Remote Work Sticks, Cities Seek New Ways to Lure People Downtown

8/8/22

Michigan #1 State for Energy-Sector Job Growth

How this Michigan County Maps a Plan for Better Broadband

Economic Development Resources
Governor Whitmer Announces Grants up to $200k for Innovative Farming Solutions Designed to Address Challenges Facing Rural Michigan

MEDA Member News and Views
BuyDetroit Marketplace Brings National Exposure to Detroit Businesses - Featuring: Keyra Cokley, Associate Director, BuyDetroit Program, Detroit Economic Growth Corporation

Flint NAACP to Honor El-Alamin as Community Unsung Hero - Featuring: Leon El-Alamin, founder and executive director of the M.A.D.E. Institute

Economic Development Around the World
Nominations Open for Development Counsellors International and Jorgenson 2023 Economic Development Consulting 40 Under 40 Awards

8/1/22

Gilchrist II Announces Eric Frederick Selected as Michigan High-Speed Internet Office’s First Chief Connectivity

Sites in Northville, Ann Arbor, Niles Receive Federal Historic Preservation Grants

Michigan Can Set Aside Roadways for Exclusive Use by Automated Vehicles Under New Law

MEDA Member News and Views
Legacy Building in Downtown Bay City Earns Statewide Honors for Historic Preservation - Featuring Jenifer Acosta, Acosta Real Estate and Development

Economic Development Around the World
Why Cities and Towns See a Huge Economic Opportunity in the Semiconductor Bill

Low-Cost Cities With Strong Economies Remain Attractive as Housing Market Slows

7/25/22

State Legislation Provides Long Needed Boost for Maritime Transportation in Michigan

Ford Adds Battery Capacity and Raw Material Sourcing to Boost EV Sales

Economic Development Resources
New Hub Empowers Communities to Access Federal Infrastructure Dollars

First Path Program for Turning Ideas into Businesses - Applications for Fall 2022 Cohort Due in August

Costa Rica and Dominican Republic Trade Mission - Companies Can Apply for B2B Meetings

MEDA Member News and Views
NEW MDARD Business Development Bulletin - Featuring: Jamie Zmitko-Somers, Director, Agriculture Development Division, Michigan Department of Agriculture and Rural Development

Economic Development Around the World
The Great Attrition is Making Hiring Harder. A New Way to Target the Employee Value Proposition. - New McKinsey Study

Defining Rural America: The Consequences of How We Count

7/18/22

Detroit: World's Greatest Places 2022 - TIME Magazine

Hyundai Motor America Plans Superior Township, Michigan, Safety Test and Investigation Laboratory

Economic Development Resources
New “Blight Elimination Program” Offers Transformative Grant Funding to Rural and Urban Michigan Communities

An Economic Developer's Guide to Multi-Channel Lead Generation

MEDA Member News and Views
Island Plastics Expands Flint, Michigan, Operations - Featuring: Tyler Rossmaessler, Executive Director of Flint & Genesee Economic Alliance

Getting to Know Mecosta County's New Executive Director of Development - Featuring: Kelly Wawsczyk, Executive Director, Mecosta County Development Corporation, The Right Place, Inc.

Economic Development Around the World
How the US Can Secure a Resilient Electric Vehicle Battery Supply Chain

Restore Your Economy.org's New "What We’ve Learned from Covid-19" Whitepaper​​​​​​​ 

7/11/22

Michigan Leads States in Energy-sector Job Growth, Federal Report Finds

Stellantis to Invest $24.7M in Trenton Engine Complex, Announces Q2 Sales

Economic Development Resources
Bridge Builders Microgrants 

MEDC Interactive Project Map

Economic Development Around the World
This Texas Town is Making Itself Into a Semiconductor Epicenter

States are Spending Billions on Electric Vehicles in Battle to Replace Automotive Capital Michigan

MEDA Member News and Views
Business Leaders Urge Strong Investment In Michigan’s Research Universities - Featuring: Britany Affolter-Caine, Executive Director, Michigan's University Research Corridor

Christina Frank, VP, External Affairs at Cornerstone Alliance, Top 10 Inspiring Leaders of 2022 | IE Mag

7/5/22

Putting Your Best Foot Forward: Presentation of Incentives Information to the Media

SBAM | State Senate Passes Bills to Bring Worker-Employer Relationship to Pre-2020, COVID Law

Economic Development Resources
Digital Equity Act Programs

Made in Michigan: PMBC's RangeMe Pavilion

Foods, Liquids, & Organic Waste Systems (FLOWS) Innovation Challenge

MDARD Announces One-Time Grant Opportunity to Support Michigan Seafood Processors

MEDA Member News and Views
Life Sciences Company Investing Up to $430M to Revive Former BASF Site in Muskegon Twp. - Featuring: Morgan Carroll, Director of Business Development at Greater Muskegon Economic Development

Economic Development Around the World
How the Midwest Can be a Refuge Amid Climate Change—if We Prepare

6/28/22

State Lawmakers Advance Key Housing Bill Package to Help Resolve Supply Shortage

The Evolution of the Megasite

Economic Development Resources
8(a) Business Development Program

Caring for MI Future

MI Tri-Share Child Care Pilot Project

MEDA Member News and Views
American Recreational Products Will Invest $4 Million, Employ 59 at New Fenton Plant - Featuring: Lynn Markland, City Manager, City of Fenton

Battle Creek Chooses Optimism on Kellogg, Even as it Explores What’s Next - Featuring: Joe Sobieralski, President and CEO, Battle Creek Unlimited, Inc.

Economic Development Around the World
Wallethub's 2022’s Best & Worst State Economies

6/21/22

Gov. Whitmer Awards Grants To 33 Local Governments And Nonprofits To Upgrade Housing Infrastructure Across The State

How Lansing, Michigan, Plans to Level-Up Black-Owned Businesses

$8.7M in Federal Funding to Help Rejuvenate West Michigan Railroad

Volta Launches Program To Make EV Charging More Accessible, Affordable

Economic Development Resources
Michigan Economic Dashboard

Applications Now Open for the Capital City Market Local Vendor Summit

MEDA Member News and Views
Partnership News and Views: Introducing Christopher Germain, LSCP CEO

Housing Project Planned For Downtown TC Parking Lot - Featuring: Jean Derenzy, CEO, Traverse City Downtown Development Authority (DDA)

Economic Development Around the World
Demand for Industrial Land Surges

6/13/22

Pfizer Invests $120M in Kalamazoo to Produce COVID-19 Oral Treatment

Canadian Company to Build $3M Electric Vehicle Charger Plant in Auburn Hills

Economic Development Resources
Michigan Rise Pre-Seed Fund III Makes 50th Startup Investment

Fixing 'Help Wanted' Requires Housing Solutions | Video from Mackinac Policy Conference 2022

MEDA Member News and Views
A Statewide Ecosystem for Workforce Development (Podcast) - Featuring: Ryan Hundt - CEO of the Michigan Works! Association

Economic Development Around the World
A Business Case for Dropping Parking Minimums​​​​​​​

Surviving ‘Tech Bubble 2.0’: What High-growth Companies Should Do

6/6/22

Ford to Invest $2B in SE Michigan Plants, Create 3,200 Jobs

Comprehensive Economic Development Strategy Plan for Genesee, Lapeer, and Shiawassee Counties

Economic Development Resources
Coming June 15: Michigan’s New State Historic Preservation Tax Credit

Free Fiscally Ready Communities Webinar from the Michigan Department of Treasury

MEDA Member News and Views
Design Core Detroit Restructured, New Leadership Announced - Featuring: Olga Stella, Vice President of Strategy and Communication at the College for Creative Studies

Kinexus Group CEO Leads Southwest Michigan Coalition Aiding Ukrainians - Featuring: Todd Gustafson, Chief Executive Officer, Kinexus

6/1/22

Business Leaders for Michigan Releases Plan to Spur Economic Growth in State

The State of Industry X in Automotive - CAR Research Report

Economic Development Resources
Semiconductor Career and Apprenticeship Network (SCAN) Program

Midwest Buyers Mission - MI Supplier Showcase

MEDA Member News and Views
Going Clean? - Michigan Delivers Energy Advantages and More - Featuring: Tyler Rossmaessler, Director of Economic Development, Flint & Genesee Economic Alliance

City of Hart Awarded $10k for Art Sculpture to "Put Your Town on the Map" - Featuring: Nichole Kleiner, Economic & Community Development Director, City of Hart

Governor Whitmer Announces 184 New Jobs in Auto Manufacturing and EV Testing - Featuring: Joe Sobieralski, President and CEO, Battle Creek Unlimited, Inc.

5/23/22

Michigan Nominates Seven Highways to be Eligible for Federal EV-charger Funding

Gov. Whitmer Announces New Data Showing Record Small Business Growth

Economic Development Resources
Federal Rail Funding Opportunities

WJR Business Beat: Win $10,000 Grant Through Verizon Program

Help Change the Future for Import-challenged Manufacturers

Economic Development Around the World
Can the Automotive Industry Scale Fast Enough? - McKinsey Report

How Tax Incentives Are Being Offered Around the World

5/16/22

Gov. Whitmer Awards $3 Million to Michigan Cities to Upgrade Infrastructure, Making Communities More Attractive for Economic Investment

​​​Consumers Energy STEM Lab Aims to Connect K-12 Students to Career Pathways in STEM

Economic Development Resources
New Rail Grade Crossing Elimination Program

Google Offering Workforce Training Scholarships

USDA and EDA Launch Resource Guide to Boost Economic Development in Rural Communities

Top 10 Government Small Business Grants for Women

Economic Development Around the World
The Public Housing Process for New Housing is Broken. Here's How to Fix it. - A Brookings Report

ARPA Cash: Demolition and Capital Expenses Related to Vacant and Abandoned Buildings

MEDA Member News and Views
Legacy Building in Bay City Honored with Governor's Award for Historic Preservation - Featured: Jenifer Acosta, Principal, Acosta Real Estate and Development

Michigan Opportunity Podcast with Wafa Dinaro, Executive Director, New Economy Initiative

5/10/22

Michigan Launches Pilot Projects to Prepare Rural and Low-Income Communities for Electric Vehicle Revolution

Site Selection 2022 Prosperity Cup Announced - Michigan in Top 10

Economic Development Resources
MSHDA Releases First Statewide Housing Plan

Tools of the Trade: Michigan Helps Companies Go International

USDA Expands Access to Four Key Loan Programs - April 27th Updates

Economic Development Around the World
Recession Remedies - A Brookings Report

Our Region is Rich in Top-notch Academic Research, but We Struggle to Develop Local Businesses from It

MEDA Member News and Views
Michigan Still Has Room to Grow in Tech - Featuring: Randy Thelen, President and CEO, The Right Place, Inc.​​​​​​​

Bay City Water Works Building Inspires Dreams. Now, It Needs to Inspire Developers. - Featuring: Steven Black, Transaction and Operations Manager, RACER Trust

5/2/22

Nominate for Crain's Detroit Business 40 Under 40 Today

Former GM Warren Plant Site Redevelopment Advances with Tax Incentives

Economic Development Resources
Detroit Regional Public Purchasing Matchmaker Forms

Grand Sourcing Summit 2.0 Forms

Economic Development Around the World
Select Committee to US Commerce Dept: Improve Timeliness of Releasing Economic Data

MEDA Member News and Views
Lenawee Now Welcomes Daejin Advanced Materials USA to Adrian - Featuring: Jim Van Doren, Executive Director, Lenawee Now
Top 50 Economic Developers in the Nation by Consultant Connect - Featuring: Jack Johns, Macomb County Department of Planning and Economic Development AND Christina Frank, Cornerstone Alliance

4/25/22

Optimizing Market Share in the EV Industry

5 Practical Zoning Hacks for Missing Middle Housing

Economic Development Resources
Resilient Lakeshore Heritage Grant Program Opens June 1st

Small-Business Loan Requirements Checklist

Economic Development Around the World
FACT SHEET: Biden-⁠Harris Administration Announces the Rural Partners Network to Empower Rural Communities to Access Federal Resources

JP Morgan's Trends in Venture Capital Report

MEDA Member News and Views
Consumers Energy Foundation, CEDAM Select the City of Hart as a Finalist for the Put Your Town on the Map Competition - Featuring: Nichole Kleiner, Economic and Community Development Director, City of Hart

Systems Control Gets UPMW Funds - Featuring: Lois Ellis, Executive Director, Dickinson Area Economic Development Alliance

4/18/22

Lake Superior Community Partnership Names New CEO, Christopher Germain

State Prepares for Hundreds of Millions in Broadband Infrastructure Funding

Economic Development Resources
2022 IEDC Economic Development Week Toolkit

Clayton & McKervey's Expanding to the U.S. E-Book

Economic Development Around the World

Tight Labor Markets and Wage Growth in the Current Economy​​​​​​​

MEDA Member News and Views

The Hotel Hayes Building in Downtown Jackson Sells to New Developers - Featuring Scott Fleming, CEcD, CEO, Jackson Anchor Initiative

Michigan’s Fastest-growing County Remains Committed to Preserving Farmland - Featuring Becky Huttenga, Agriculture and Economic Resources Coordinator, Ottawa County

4/11/22

Why Michigan is Pumping $50 Million into a Private Potash Operation​​​​​​​

Economic Development Resources
EDA Releases New Tools for Helping Economic Developers to Make Informed Development Decisions

Wayne State and Global Detroit Launch International Startup Program

MI New Favorite Snack Competition Coming to Port Huron - New and Emerging Small Snack Food Businesses Can Apply by August 1

Economic Development Around the World
Rural Rising: Economic Development Strategies for America’s Heartland

Paths to New Prosperity in Industrial Regions of the West

How Economic Developers in NC Increased Childcare Options for their Counties

MEDA Member News and Views
Kinexus Group Named Among Nation’s ‘Best Nonprofits to Work For’ - Featuring Todd Gustafson, Chief Executive Officer, Kinexus

Farmington Earns Certification as ‘Redevelopment Ready Community’ - Featuring Kevin Christiansen, AICP, PCP, Economic and Community Development Director​​​​​​​, City of Farmington

4/4/22

Gov. Whitmer Announces $4 Million Investment to Prepare Michigan’s Young Adults for Meaningful Career and Educational Opportunities

Economic Development Resources
Housing Development Loan Program Expands to Include Qualified Developers

PMBC 2022 Tri-State Small Business Virtual Training and Matchmaking Summit

Economic Development Around the World
Two Really Big Ideas That Could Fix the Disastrous U.S. Housing System

Is It Time for a National Zoning Atlas?

MEDA Member News and Views
Listen: The Build Up Featuring DEGC CEO Kevin Johnson (podcast)

3/28/22

MSF Approves $14M in Brownfield Incentives for Spectrum Health; Amends Programs to Open Accessibility

LG Energy Solution Commits to a $1.7 Billion Lithium-Ion Battery Production Facility in Holland, MI

Economic Development Resources
PMBC Meet the MiDiCo Buyers Event - Supplier Applications Due April 8th

KKR Small Business Builders Grant Program

Economic Development Around the World
TechNet Closing the Skills Gap Full Report

E-commerce Powers the Rise of Multistory Industrial Projects

MEDA Members in the News
Leveraging News Media to Tell Your Region’s Economic Story - Featuring: Craig Clark, Owner, Clark Communications

New Legislation Aims to Allow for Former Industrial/brownfield Sites to be Revitalized - Featuring: Tyler Rossmaessler, Executive Director of the Flint and Genesee Economic Alliance

3/21/22

MDARD Director Gary McDowell Selects Sarah Lucas as Deputy of the Newly Created Office of Rural Development

Schools, Manufacturers in this Michigan County are Building the Next Generation of Skilled Trades Workers

Economic Development Resources
Brownfield Program Changes to Make ‘Transformative’ Tool More Accessible

PMBC Northern Michigan Food and Beverage Processing Webinar

Economic Development Around the World
36th Annual Survey of Corporate Executives Commentary: Small to Mid-Size Companies Focus on Costs​​​​​​​

MEDA Member News and Views
Big Moves in St. Clair County - Featuring: Dan Casey, Chief Executive Officer, Economic Development Alliance of St. Clair County

The Right Place Assists Roll & Hill with Wyoming Expansion - Featuring: Brent Case, Vice President of Business Attraction for The Right Place, Inc.

3/14/22

Historic Opportunities: Modernizing Michigan, Strengthening Our Economy

Economic Development Resources
Gov. Whitmer Announces $8M Investment to Support Construction Careers for More Than 640 Unemployed and Other Historically Underserved Michiganders

Small-Scale Housing Rental Program for Rural Areas

Economic Development Around the World
Coastal Cities Have Dominated Tech Work. A New Analysis of Pandemic Trends Suggests New Possibilities.​​​​​​​

MEDA Member News and Views
2022 Michigan Heritage Awardees Announced - Featuring: Ara Topouzian, Executive Director, Michigan Venture Capital Association

Historic Fisher Body 21 in Detroit to be Redeveloped into Affordable Housing for $134M - Featuring: Kevin Johnson, President and CEO, Detroit Economic Growth Corporation

LEAP and PNC Foundation Launch Elevate, Groundbreaking Black Entrepreneurship Program - Featuring: Bob Trezise, President and CEO, LEAP

3/7/22

Governor Whitmer & Lt. Governor Gilchrist Announce Planning Project to Connect Michiganders to High-Speed Internet

No ZIP Code Left Behind: How Michigan's New Office of Rural Development Might Impact Northern Michigan

Economic Development Resources
Apply for Business Resources (ABR) through the Growing MI Business Grant Program

PMBC MEDX Applications Due March 18 - Help Business Connect with Defense Organizations

Economic Development Around the World
Manufacturers Are Embracing DIY Supply Chain

Save $200 on Site Selection Consultant Database

MEDA Member News and Views
Local Leaders Ready Themselves to Put ARPA Dollars to Work in the Bay County Region - Featuring: Trevor Keyes, EDFP, President and CEO, Bay Future, Inc.

Business Attraction or Retention? - Featuring: Matt McCauley, Chief Executive Officer, Networks Northwest

2/28/22

Bloomberg: Michigan Has the No. 1 US Economy, Has Grown the Most in its History

MTEC SmartZone Successful in Obtaining Rural Development Fund Grant

Economic Development Resources
Michigan STEM Forward Summer Internship Fair

Michigan Minority Supplier Development Council Partners to Improve Working Capital

Updates to the Michigan Brownfield Act and Phase I Environmental Site Assessment ASTM E1527 Standard

Economic Development Around the World
How the Biden Energy Plan Will Impact U.S. Business

Economic Development Research Partners Survey: Real Estate in 2022

MEDA Member News and Views
The Right Place Debuts Community Development Division - Featuring: Tim Mroz, Senior Vice President of Community Development; Travis Alden, Senior Director of Community Development; Randy Thelen, President and CEO, The Right Place, Inc.

Gov. Whitmer Announces Approval of Multiple Projects Creating Over 390 Good-Paying Jobs and Economic Opportunities - Featuring: JoAnn Crary, President, Saginaw Future, Inc.; Maureen Donohue Krauss, President and CEO, Detroit Regional Partnership

$2M Awarded to 11 Businesses in Battle Creek through the Washington Heights Entrepreneurial Fund - Featuring: Joe Sobieralski, President and CEO, Battle Creek Unlimited

About MEDA

The Michigan Economic Developers Association (MEDA), founded in 1960, exists to advance economic development throughout Michigan, and increase the individual member’s effectiveness in the economic development profession. The association’s goal is to provide a variety of services and programs that will enhance ability and skills in economic development.

Through in-person and virtual education on peer-developed topics, legislative updates, in-person and virtual networking opportunities, leadership development, mentoring, and much more, MEDA makes it possible for economic development professionals statewide to accomplish their goals more efficiently and effectively.

Our Vision

Leading Michigan's economic development through education, networking, and advocacy on economic development.

Our Mission

To undertake education, networking, and advocacy on economic development for and in support of our members, partners, and stakeholders.

Sponsor MEDA

Sponsor for WebpageSponsoring MEDA will provide maximum exposure to Michigan's economic development community for your organization and its services, thereby creating new customers and building new relationships that will enhance your growth.

Sponsoring MEDA shows your support for the strength of Michigan's economy as the opportunities support professional development that helps economic developers to be more efficient and effective in their work.

MEDA is a 501 (c) 3 non-profit.

If you do business with or seek to support any of the following, please consider MEDA sponsorship:

Brownfield Redevelopment - Business Finance - Chambers of Commerce - Community Development - Consulting - Downtown Development - Environmental Consulting - Higher Education - Municipalities - Planning - Private and Public Economic Development Organizations - Real Estate Development - State Agencies - Utilities and Infrastructure - Workforce Development - Others interested in economic development

How to Sponsor

If you and your company have decided that you would like to sponsor, please call MEDA at 517-241-0011 or contact Cassandra Jorae at This email address is being protected from spambots. You need JavaScript enabled to view it..

Thank You Sponsors

2022 Sponsors

2021 Sponsors

A Benefit for All

With any sponsorship package that you select, your name remains on our website for two years via the pages above.

Sponsorship Opportunities

Corporate Sponsorship

Corporate packages support the Association’s goals throughout the year and provide exclusive benefits.

BOTH PACKAGES INCLUDE

Recognition and Benefits

  • Logo on Each Page of MEDA Website
  • Logo on Event Handouts for All Events
  • Logo on Sponsorship Screen Display at All Events
  • Opportunity to Address the Audience
  • Sponsorship of Annual Meeting
    • Profile on Annual Meeting Sponsor Spotlight Webpage
    • Electronic Mailing List of Attendees
    • Exhibit Table
    • Logo on Event Emails
    • Listing in Main Brochure
    • Listing in Onsite Brochure
    • Social Media Promotion
    • Verbal Recognition

SELECT ($6,000)

Additional Benefits

  • 3 Individual Memberships

ELITE ($13,000)

Additional Benefits

  • 5 Individual Memberships
  • 5 Complimentary Registrations to All Educational Programs*
  • 2 Economic Development Basic Course Scholarships

Additional Recognition

  • Logo on all MEDA Membership Newsletters
  • Logo on all Job Postings
  • Logo on all Help A MEDA Fellow Member Requests

*Excludes MEDA-hosted courses for nationally-recognized certification, such as IEDC and NDC certification courses, in which individuals are charged based on their membership status.

Annual Meeting Sponsorship

Click here for 2023 Annual Meeting sponsorship packages.

One-Day Conference Sponsorships

One-Day Conference Sponsorships Include:
Capitol Day
Economic Development Strategies and Solutions Fall Conference (formerly The Fall Economic Development Toolbox)
Economic Development In Your Place Spring Conference (formerly The Spring Economic Development Toolbox)

Capitol Day is MEDA's annual legislative conference. The Spring and Fall events have sessions on a variety of components for economic development success: new strategies, solutions, programs, updates to existing programs, best practices, marketing, unique ideas, skill-building, and leadership, with the Spring event moving around the state and having tours as a part of the educational experience.

Sponsorship Package ($1,500) Per Event*

  • (1) Complimentary Registration
  • Excel List of Attendees After the Event
  • Exhibit Table
  • Logo on Event Emails – 2 to 3 emails sent to over 4,500 contacts. Logo is linked to your website.
  • Logo on Mail Piece – Mailed to About 5,000 contacts
  • Logo on Rotating Banner on MEDA Homepage
  • Opportunity to Address the Audience
  • Social Media Post Recognizing Contribution
  • Sponsor Spotlight in MEDA Newsletter for 1 Week – Includes Logo, Description, and Contact Information. Logo is linked to your website.
  • Webpage Profile - Includes Logo, Description, and Contact Information. Logo is linked to your website.

*Limited to four (4) sponsors per event.

Emerging Leaders Spring Training Sponsorship

This special half-day is created by emerging leaders in economic development for their peers. Sessions will let you to better understand core areas of economic development down to the terminology used by the well-versed.

Sponsorship Package ($500)

  • (1) Complimentary Registration
  • Electronic Mailing List of Attendees
  • Introduce Speakers (optional)
  • Logo on Event Emails
  • Logo on Event Handouts
  • Logo on Event Rotating Banner on MEDA Homepage
  • Logo on Program Webpage with Description, and Contact Information
  • Opportunity to Address the Audience
  • Social Media Post Recognizing Contribution
  • Sponsorship Screen Display with Logo and Contact Information

*Limited to four (4) sponsors.

Webinar Sponsorship

MEDA's webinar program took off in 2020 and will continue moving forward. You can support a webinar to build recognition among Michigan's economic development community and/or show your support for the topic presented.

Sponsorship Package ($350)*

  • (2) Complimentary Registrations
  • Opportunity to Address the Audience: Introduce yourself and your organization at the beginning of the webinar!
  • Electronic Mailing List of Attendees
  • Event Emails: 2 to 3 emails per webinar to approx. 3,500 contacts
  • Program Webpage: Your logo, a brief description, and a link to your website.
  • Social Media Post Recognizing Contribution
  • Sponsor Screen Display: Your logo, contact information, and website are on display during the audience address.

*Limited to one (1) sponsor per webinar.

Join MEDA

The Michigan Economic Developers Association exists to increase members' knowledge and understanding of economic development.

Since 1960, MEDA has provided services and programs that enable our members to be more effective in attracting and retaining businesses that provide quality employment for communities around the state. MEDA primarily focuses on giving members opportunities to learn, advocate, and network for the benefit of Michigan's economic growth. Our efforts help economic developers make Michigan a better place to work, live, and play.

Being a member of MEDA, you will benefit from:

  • Education – MEDA programs are consistently high quality and designed to meet the needs of our members.
  • Networking – An unmatched peer group comprised of some of the finest economic development practitioners in the nation.
  • Economics – You save over $250 annually by attending MEDA programs at the member rate.

Activities, Programs, and Services

MEDA members are provided programs and services that enhance the economic development education, networking, and advocacy activities that are essential to their careers.

Membership Profile

MEDA membership consists of professionals from the following areas of economic development throughout the entire State of Michigan:

  • Brownfield Redevelopment
  • Business Finance
  • Chambers of Commerce
  • Community Development
  • Consulting
  • Downtown Development
  • Environmental Consulting
  • Higher Education
  • Municipalities
  • Planning
  • Private and Public Economic Development Organizations
  • Real Estate Development
  • State Agencies
  • Utilities and infrastructure
  • Workforce Development
  • Others interested in economic development

Corporate Sponsors

Bedrock Clipped consumers-energy
DTE Logo Small  MEDC 2020 Resized

Website Sponsor

consumers-energy

Contact Us

Michigan Economic
Developers Association
P.O. Box 15096
Lansing, MI 48901-5096
PH: 517-241-0011
cjorae@medaweb.org

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