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Company Expansions Fill MTEC SmartZone in HancockNEW MICHIGAN 21st CENTURY BUSINESS PLAN COMPETITION ANNOUNCED $30 million is being made available to Michigan-based companies from the Michigan 21 st Century Jobs Fund through its 2008 Business Plan Competition. Managed as loans, the funds will be provided to companies that create jobs in the fields of advanced automotive, manufacturing and materials; alternative energy; homeland security and defense; and life sciences. Complete information will be provided at a conference led by MTEC SmartZone to be held at noon on Friday, April 11, 2008 at the Advanced Technology Development Complex, 1402 East Sharon Avenue in Houghton. There is no charge to attend but registration is requested by calling 906-483-2675 prior to the event. If you would like more information but can't attend the conference, please contact Jonathan Leinonen at 906-487-7004.
November 29, 2007: MTEC SmartZone Secures GE Aviation as a Tenant in Houghton, Michigan August 13, 2007: New seminar to cover conducing business with Finland Watch the January 31 Intellectual Property Protection Seminar recording MTEC SmartZone Assists High Tech Companies with Six New Seminars - Download Registration Form Here MTEC SmartZone Provides U.P. Companies with Michigan Pre-Seed Capital Fund SmartTrac Program Launched to develop new companies with Michigan Tech students ThermoAnalytics, Inc. Awarded Two SBIR Phase I Grants Patent Seminar to be held in Kingsford, MI on November 2, 2006 High-Tech Pricing Seminar planned to be offered to U.P. businesses GS Engineering Secures Federal Appropriations Best Practices Seminar Series led by Robert Mark to be held in Houghton Seminars Explore Equity Investment and Export Assistance Seven New Workshops Planned for High Tech Businesses - Detailed Agenda and Registration Form GHSP opens innovation center in Powerhouse Incubator Patent Seminar Planned for Escanaba, May 15, 2006 SmartZone Company New Dimension Crushers Reaches Out to Hurricane Katrina Restoration Effort
MTEC SmartZone CEO Carlton Crothers and Michigan Lt. Governor Cherry discuss job creation in Houghton County
During his weekend visit to the Upper Peninsula, Michigan Lt. Governor John D. Cherry spent a portion of Saturday afternoon discussing business growth and job creation that is occurring in Houghton County. The meeting included representatives from the MTEC SmartZone business incubator, Finlandia University 's Center for Global Design and Business incubator and Keweenaw Economic Development Alliance. Representatives from GS Engineering, a tenant at the SmartZone's Powerhouse Business Incubator provided a tour and demonstration of innovative technologies that the company develops as a part of its high-tech engineering services portfolio. Carlton Crothers hired as new SmartZone Chief Executive Officer New Business Opportunity Template to guide high-tech businesses SmartZone Assistance Program Marks Anniversary, Expands Services October 26: New Business Opens at Portage Campus Incubator October 4: SmartZone Graduates High-Tech Marketing & Communications Firm Strategies for Protecting Software, Writings and Business Methods.... Pilot Program Creates Technology Jobs for Students in Rural Michigan SmartZone Announces Resignation of CEO Alan West... SmartZone featured in Marquette Monthly article Lieutenant Governor John Cherry discusses economic development at ATDC Senator Stabenow visits the SmartZone, Job Creation Remains a Top Legislative Goal.... U.S. Senator Debbie Stabenow addressing the crowd in front of the Powerhouse Incubator Photo courtesy of Brockit Solutions Michigan
Tech Enterprise Corporation The Michigan Tech Enterprise Corporation (MTEC) is a private, non-profit corporation that was set up to manage the SmartZone. While MTEC and the SmartZone incorporate Michigan Tech’s name to identify the affiliation, MTEC is an independent corporation and is not financially supported by the university. MTEC is accomplishing its mission by offering programs and services that encourage entrepreneurial development and that help ensure the success of start-ups and small companies. These programs and services include the following activities:
The Keweenaw economy boasts a diversity of manufacturing firms and a rapidly growing service sector. The Houghton/Hancock area offers a number of competitive advantages to high-tech companies, including the following: •
Availability of an educated workforce of engineers and scientists - in
a recent survey, 54% of MTU graduates would prefer to stay in the area
if jobs were available |
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The SmartZone program was created through recent legislation that facilitates the capture of certain taxes for use by designated SmartZones to foster the creation of high-tech jobs, and the Michigan Economic Development Corporation (MEDC) administrates the program. All the SmartZones are linked to the technology transfer efforts of state-supported universities, in this case Michigan Technological University (MTU). |
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