Board meetings, strategic plans, and buyer signals from Sam Stonelake’s organization
Jul 28, 2026·BoardMeeting
Board
Michigan Strategic Fund Approved Meeting Minutes
The board discussed and took action on several key initiatives. Approvals were granted for the Community Revitalization Program grant for Busy Bee Development, LLC; the Michigan Business Development Program grants for Fanuc America Corporation and Sapa Transmission, Inc.; the Alternative State Essential Services Assessment Exemption for Sapa Transmission, Inc.; and the Michigan Build Ready Sites Program grant for Erie Township. Additionally, the board approved an amendment to the Michigan Innovate Capital Fund Program guidelines, a funding allocation for that program, and grant awards for the Small Business Support Hubs Program.
Enterprise
Get verified public-sector contacts at scale
Find verified emails, direct dials, role context, job-change updates, and organization signals across every public-sector account you sell to.
The Board discussed various incentive packages and amendments, including a Transformational Brownfield Plan incentive package for a project in Sterling Heights, and 15-year extension and Renaissance Zone designations for businesses in Pontiac and Norton Shores. Additionally, they approved the FY 2026 Match on Main Program funding round and a performance-based grant for the Innovation Alliance. The Board also addressed amendments for multiple Community Revitalization Program loan agreements, including extensions and adjustments to terms for The Corner Lender, LLC and Bridge and Turner, LLC. Finally, the Board approved the transfer of unused funding from the 2020 Business Accelerator Fund to the 2026 program to support increased demand.
May 19, 2026·BoardMeeting
Board
Michigan Strategic Fund Meeting Agenda
The board agenda includes several action items related to contract extensions for marketing and public relations, reauthorization for the Small Business Venture Capital Program, updates to MSF bylaws, and approval for MCRP amendments. Business development grants are proposed for Fenton Food and Beverage, LLC, Re:Car, Inc. dba Slate Auto, and Alquist 3D, LLC. Additionally, a Transformational Brownfield Plan incentive package for Fifth Avenue MI LDHA LLC is under consideration. The agenda also incorporates a Delegation of Authority Report.
May 12, 2026·BoardMeeting
Board
Michigan Economic Development Corporation Executive Committee Executive Committee Minutes
The committee meeting included a session for public comment and the reappointment of the Committee Chair. The CEO provided updates on organizational performance, including recent economic development project successes and strategic roadshow initiatives. Subcommittees provided reports on their respective areas: the Finance Subcommittee presented budget timeline developments and fiscal year 2025 audit results, the Organizational Governance Subcommittee discussed governance frameworks and policies, and the Strategic Planning Subcommittee updated members on the progress of the fiscal year 2027 strategic plan. Additionally, a closed session was conducted to address matters subject to attorney-client privilege.
Extracted from official board minutes, strategic plans, and video transcripts.
