MSF approves business expansions, community revitalization projects
LANSING — A wide range of projects including business expansions and community revitalization projects around the state, additional funding for the American Center for Mobility, and support for entrepreneurship received Michigan Strategic Fund approval today, the Michigan Economic Development Corporation announced.
The projects are expected to generate a total capital investment of nearly $529 million and create 405 jobs.
“The Michigan Strategic Fund continues to help fuel new economic activity across Michigan, strengthening our communities, and creating well-paying jobs for our residents,” said Steve Arwood, chief executive officer at MEDC, the state’s business attraction arm that administers programs and conducts due diligence on incentive agreements with private companies. — G.G.
Innovative Venture Capital Fund looks to foster fashion & apparel Industry
LANSING — Project I, an innovative venture capital fund with an extensive network of global relationships and resources, is proud to announce its strategic partnership with The Runway Fashion Incubator, a statewide program based in Lansing. Project I is also opening a mid-Michigan office at The Runway’s headquarters in the Knapp’s Centre.
The two former New York fashion executives behind Project I believe Michigan can rival Los Angeles or New York City as a leader in the fashion and apparel industry, creating jobs and opportunity through investments in Detroit, Flint, Grand Rapids and Lansing.
Successful fashion executives Jon Lewis and John Elmuccio are fully embracing the changing face of retail and are identifying, nurturing and investing in early-stage companies in Michigan and beyond that are on the leading edge of fashion. They have a goal of helping these early-stage companies achieve long-term viability in a dynamic industry.
Project I has already partnered with Flintbased eyewear brand, Article One. Frames crafted by Article One are hand- crafted in Italy at a small family-owned factory and then sold in boutique shops around the United States.
“We are happy to be joined by Project I to help seize opportunity here in Lansing to drive our world in a better direction,” said Joe Carr, managing director at Runway.
Elmuccio and Lewis are also serving on The Runway’s board of advisors, alongside other business leaders making an impact in the fashion sector statewide. Five colleges and universities – including Central Michigan University, Eastern Michigan University, Wayne State University, Michigan State University and LCC — and Detroit are all deeply engaged in The Runway facility and program. — G.G.