LANSING—Two projects expected to generate a total investment of $14.9 million and create 188 jobs in Michigan have received support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced.
BizStream Inc. received a $60,000 Michigan Business Development Program performance-based grant to support an expansion of its headquarters in Ottawa County’s Allendale Township. The project is expected to create 12 new jobs. BizStream, founded in 2001, builds web, online marketing and software systems. Alongside custom development services, BizStream has three Software as a Service (SaaS) products including YouthCenter, CaseStream, and Toolkit for Kentico. BizStream is experiencing a high volume of business increase and has recently been forced to turn work away due to lack of building capacity to house additional employees. In addition to MSF support, Lakeshore Advantage, Ottawa County’s economic development agency, anticipates the approval of a real property tax abatement in support of the project. For more information on careers with BizStream, Inc., visit here. The BizStream expansion was approved under the Micro MBDP tool, approved by the Michigan Strategic Fund on April 23. The Micro MBDP is designed to promote business growth in rural areas, areas with high unemployment, or within targeted industries. The Micro MBDP will provide grants, loans, or other economic assistance to businesses for highly competitive projects in Michigan that have fewer job creation numbers than required by the original MBDP guidelines.
R&E Automated Systems LLC received a $750,000 Michigan Business Development Program performance-based grant to support a $14.4 million expansion in Port Huron, where the company will purchase a building, and install machinery and equipment. R&E, established in 1999 and headquartered in Romeo, designs, develops and provides support for turnkey integrated automation systems. R & E operates four facilities in Michigan, has operations in South Carolina and Mexico, and serves more than 600 customers across a wide range of industries. In addition to MSF support, St. Clair County anticipates offering local recruitment and marketing support. Individuals interested in careers with R & E should visit here.
For more about the MEDC and its initiatives, visit www.MichiganBusiness.org.