Monday, June 17, 2013

MEDC's new focus: Targeted industries, high-priority markets


Hunting and attraction efforts are returning to the Michigan Economic Development Corp. with a renewed focus this year.

The MEDC has created an export and attraction team that will focus on targeted industries and high-priority markets as part of a new strategic plan guiding the agency through 2017.

Those industries include manufacturing, energy, biosciences, chemical and agriculture. Countries being targeted are Canada, China, Brazil, France, Germany, Japan, Korea, Mexico, Saudi Arabia, UAE and the United Kingdom.

The goal for the coming fiscal year is to target $445 million in investment and 4,000 jobs due to attraction efforts.

After Gov. Rick Snyder took office in 2011 and said in his first State of the State address that there needed to be "more emphasis on economic gardening as opposed to hunting," the organization has done just that.

But now, the MEDC is going back to its days of attracting businesses from other states and other countries, President and CEO Michael Finney said.  More here.

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