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The Michigan Economic Development Corporation (MEDC) is a public-private partnership agency and economic development corporation in the U.S. state of Michigan.Operating under the slogan "Pure Michigan", MEDC attempts to encourage the tourism potential of the state and foster business relocations to Michigan.
In 1995, the Department of Environmental Quality was created by Executive Order No. 1995-18, which transferred environmental regulatory functions from the Michigan Department of Natural Resources (DNR) to the newly created department.
The Small Business Innovation Research (or SBIR) program is a U.S. government funding program, coordinated by the Small Business Administration, intended to help certain small businesses conduct research and development (R&D).
With the onset of the COVID-19 pandemic in early 2020, LISC responded with new investments to stem the economic fallout, especially to small businesses. It launched a small business grant program that provided more than $200 million in grants to over 16,000 small businesses. The majority of the businesses supported with minority- and women-owned.
A key issue in the economics of digitization is the economic value of Internet-based services. The motivation for this question is two-fold. First, economists are interested in understanding digitization related policies such as network infrastructure investment and subsidies for Internet access.
The legislation authorizes up to $25 million – or five million a year over a five-year period – for the program. While any tribe, non-profit, or local or state government can submit an application to receive a grant, a 50% local match is needed to obtain the federal grant which may not exceed $250,000.
Market development funds or MDF are used in an indirect sales channel where funds are made available by a manufacturer or brand to help affiliates, channel partners, resellers, VARs, or distributors, etc. sell its products and create local awareness about the national brand.
The CDBG program was enacted in 1974 by President Gerald Ford through the Housing and Community Development Act of 1974 and took effect in January 1975. Most directly, the law was a response to the Nixon administration's 1973 funding moratorium on many Department of Housing and Urban Development (HUD) programs.