Category: Business - Original Written by Trina Naylor
Conrad Mallett Jr.
Marvin W. Beatty
Nancy Schlicting (left), William f. Pickard, Ph.D., Carol Cain, Tom Canedo,
Cindy Pasky and Bud Denker.
Nancy Schlicting (left), William F. Pickard, Ph.D., Carol Cain, Cincy Pasky and
Nancy Schlicting (left), William F. Pickard, Cindy Pasky, Sharima Bulchak, Bud
Denker, Robert Ballone and Yvette Anderson.
Nancy Schlicting (left), William F. Pickard, Kelli Bischoff, Tomika Smith, Cindy
Pasky, Bud Denker and Bill Sichender.
Last Updated on Monday, 01 July 2013 15:37
Category: Business - Original Written by Michigan Chronicle Staff
The North American International Auto Show (NAIAS) today announced that it has received a $25,000 donation from Michelin North America in honor of the 25-year partnership between both
The check presentation was made today at the NAIAS "Covering All Bases" event, an off-season, day-long planning meeting attended by more than 300 representatives of auto manufacturers, sponsors, and partners who participate in the NAIAS. NAIAS 2014 Chairman Bob Shuman said Michelin has been an important part of the auto show since the beginning.
"Michelin has been with the show as a sponsor, supporter, and friend since the former Detroit Auto Show became the North American International Auto Show in 1989," said Shuman. "Consistently, in every one of those years, Michelin has committed to help us grow to become one of the most important auto shows in the world, and with the absolute best media center anywhere, the Michelin Media Center. We gratefully accept this generous donation from Michelin, and look forward to our next 25 years together."
Shuman added that the $25,000 gift will go to the Detroit Auto Dealers Association (DADA) Education Foundation fund. John Moloney, vice president of OE Marketing for Michelin North and South America, said Michelin's relationship with NAIAS is an important one. "Partnerships like the one between the NAIAS and Michelin are unique," said Moloney. "Since the beginning, we have shared a mutual commitment to the industry and have worked closely together to provide, through the NAIAS, the Michelin Media Center, concept vehicle introductions and the presentation of new technologies and emerging topics. As we recognize this significant milestone and valued partner, we are pleased to make this donation to support the DADA Education Foundation's efforts to assist
children in the community."
Last Updated on Thursday, 27 June 2013 16:15
Category: Business - Original Written by Michigan Chronicle
The first phase of a total transformation of the passenger shopping experience in Detroit Metro Airport’s (DTW) McNamara Terminal Concourses A & B is complete with the opening of seven new retail stores. Twenty-nine additional venues will open by next spring.
“Detroit Metro Airport is entirely self-sustaining and does not receive any tax dollars to support airport operations, so our retail program is an important source of revenue that keeps the airport running,” said Wayne County Airport Authority CEO Tom Naughton.
“But just as important, a strong retail program helps make our terminals exciting and fun. This is a great start in re-energizing the airport shopping experience for our passengers.”
Opening with the first phase of retail concepts are:
• Detroit! – Popular local products and Detroit-themed memorabilia located near Gate A-29
ZoZo – Unique specialty gifts and home décor located near Gate A-43
The Wall Street Journal – Internationally recognized newsstand and travel store located near Gate A-72
The Body Shop – Health/beauty store featuring cosmetics and boutiques located in the Central Link Area of Concourse A
PANDORA – Hand finished modern jewelry store located near Gate A-36
CNBC Smartshop – Innovative alternative to traditional newsstands, offering a broad range of popular newsstand items located near Gate A-66
Be Relax – Full-service spa and lifestyle center located near Gate A-43
Operating the first phase of retail venues are Bethesda, Md.-based World Duty Free Group, Atlanta-based Paradies, and Paris, France-based Be Relax.
“Paradies is proud to continue its successful tradition at Detroit Metro Airport with the opening of these great concepts,” said Gregg Paradies, president and CEO of Paradies.
“As the hottest name in jewelry today, PANDORA, along with CNBC, the recognized world leader in business news, are both ideal complements to the new program at McNamara.”
T he new McNamara Terminal retail program is expected to generate $7.7 million in revenue for the Wayne County Airport Authority in the first full year of the program and $62 million over the seven year term, all of which will go toward funding airport operations.
The program is designed to offer passengers a wide range of both nationally known and locally-celebrated brand concepts.
This concludes the first of four phases or retail transformation in the Terminal’s Concourses A & B. The entire retail transformation is expected to be complete by next spring, with the transformation of the food and beverage venues beginning about the same time. Request for Proposals for food and beverage concepts will be issued later this summer.
“I think our travelers, visitors and employees will really appreciate the fresh new products, storefronts and services these new concession spaces offer,” said WCAA Director of Concessions and Quality Assurance Greg Hatcher.
“These first round retail openings are a noticeable first step in the much larger redevelopment of our McNamara Terminal concession program, which will better position DTW to serve our travelers well into the next decade.”
All of the new retail contracts were competitively solicited and provided opportunities for two prime operators (11 venues each) as well as nine direct opportunities for individual spaces. The fit-out of transformed retail spaces will continue to result in a number of new, local construction jobs.
All new retail operators have committed to hiring from among the current airport retail employees to ensure a seamless transition and minimal job displacement. As a whole, WCAA’s retail and dining concessions program directly employs approximately 3,100 people.
Last Updated on Thursday, 27 June 2013 11:45
Category: Business - Original Written by Michigan Chronicle Staff
For the past six years Corp! magazine has honored Michigan companies and entrepreneurs who are a driving force in the economy and state’s innovation. This year the publication honored both Michigan Economic Bright Spots and Entrepreneurs of Distinction at a Premier Awards Breakfast and Symposium held today at the VisTaTech Center in Livonia.
Winners of this year’s awards were featured in the May/June 2013 Corp! print edition and in the June 27, 2013 Everything Business digital e-publication. Winners were selected based on an online questionnaire, which determined their growth over the past year as well as their economic impact on the state of Michigan.
The winners ranged from small businesses to multinational corporations, from companies employing less than 10 people to others with several thousand employees. (See following lists of winners.)
“This year’s winning companies are the future of Michigan and an important key to moving the state’s improving economy forward. We found that this year’s winners love and desire to do business in the state,” said Jennifer Kluge, publisher.
The Economic Bright Spots and Entrepreneurs of Distinction Awards event is sponsored by Clark Hill, inFUSION Group, Rehmann, Vistage Michigan, Austin Financial Group LLC, Michigan Small Business & Technology Development Center, Genisys Credit Union, Grant, Millman and Johnson, P.C. and Lambert Edwards & Associates.
For more information about this year’s Bright Spot Winners and the Entrepreneurs of Distinction, visit www.corpmagazine.com.
Last Updated on Thursday, 27 June 2013 16:02
Category: Business - Original Written by Michigan Chronicle
In all my years in economic development, I’d be hard-pressed to recall a project that generated as much national buzz and media coverage as the recent opening of Whole Foods in Detroit did. And, rightly so — this is gigantic news.
There are basically two approaches to doing economic development: attraction and gardening. Attraction strategies focus on targeted industries and high-priority markets while gardening involves services and tools to help grow existing state businesses and entrepreneurs.
MEDC aggressively executes both attraction and gardening strategies to grow our economy and create more and better jobs.
As Whole Foods demonstrates, the two approaches aren’t mutually exclusive.
From a business attraction standpoint, Whole Foods represents a huge win for Detroit and points to our ability to draw national and global firms to the state. The Austin, Texas-based grocery chain is instantly recognizable as the innovation leader in its industry and doesn’t choose the markets it invests in without the careful deliberation and due diligence. Its presence puts the city in a select group of locations across the country that can attract a company of this stature.
To help secure the new Whole Foods store, the state awarded a $1 million Community Revitalization Program (CRP) performance-based grant to Ellington WF, LLC, the developer of the Whole Foods site in Midtown, to offset costs for site preparation and construction of the new store. The state investment secured the project’s overall $14.9 million capital investment and 80 new jobs in the city.
We have made great strides in these past two years of reinventing Michigan under Governor Rick Snyder’s wide-ranging business climate improvements to attract national and global firms like Whole Foods to the state. Business taxes are the lowest in decades. We’re cutting red tape and getting rid of burdensome regulations. We’ve revamped our economic development toolkit to provide businesses with critical support that most certainly factors into their site location decisions.
If you read between the headlines, however, you will see the Whole Foods story is about more than a prominent business locating in Detroit. We have worked equally hard on the gardening side to grow Michigan-based businesses and entrepreneurs by increasing access to capital, support services, commercialization programs, and tools to help make high-impact connections with suppliers and customers.
The Whole Foods story is as much about complementing MEDC gardening efforts to support those entrepreneurs and small businesses in the growing urban agriculture movement.
One initiative, the MEDC Commercial Kitchen Program, is enabling Whole Foods to tap the talents of local food entrepreneur Ruth Bell. Shoppers there now find Mrs. Bell’s mouth-watering monkey bread regularly available for purchase. It was the commercial kitchen program that enabled Mrs. Bell to get her Chugga Bakery off to a strong running start.
Mrs. Bell’s is only the first such success story. We have partnered with Eastern Market through a $1 million CRP grant in a major renovation of the beloved Detroit landmark to provide commercial grade production capabilities for a broadened number of food business entrepreneurs. The completed project will serve as a regional hub for local food production, processing, distribution and retailing.
MEDC is also backing Charter One’s Growing Communities with $50,000 in a collaborative effort to promote food entrepreneurship. The Local Food System Micro Grant Program will provide funds on a competitive basis to district merchants, vendors and farmers at Eastern Market.
In addition, we have recently launched two similar programs. The Farmers Market Grant Program provides one-time grants between $10,000 and $50,000 to existing farmers markets that have been in operation for at least four years in Michigan. Projects for consideration include unique and innovative design elements, amenities for patrons and vendors, multi-use spaces, multi-modal transportation, marketing and signage.
To expand the mobile cuisine (food truck) industry in Michigan, the Mobile Cuisine Startup Program provides one-time grants of up to $10,000 to new and existing food truck businesses. Applicants must demonstrate easily accessible and unique food options to patrons in public spaces and contribute to the local economy by working with other local businesses and farms.
Whole Foods and its relationship with our growing base of food-related businesses is only one example of how attraction and gardening are symbiotic. We are seeing this connectivity flourish across diverse industries like automotive, manufacturing, energy, biosciences, IT and chemical. Attraction and gardening is a one-two combination that has given Michigan momentum needed to earn the title of America’s Comeback State.
Last Updated on Thursday, 27 June 2013 11:39
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