Cleveland-Cliffs ranked 171 on Fortune 500 list for 2022
InvestUP Board Member Cleveland-Cliffs announced Monday that it was named to the Fortune 500 list for the first time since its transformation from a mining company to become the largest flat-rolled steel company and the largest supplier of steel to the automotive industry in North America. The company’s revenue of $20.4B earned the ranking of […]
Calumet Electronics receives $2.6M grant to offset new technology costs
Calumet Electronics was awarded $2 million from the Michigan Strategic Fund in Community Development Block Grant funds to offset machinery and equipment costs for its 35,000 sq. ft. manufacturing facility expansion. The project is expected to generate a total capital investment of $6.5 million and create 80 manufacturing and engineering jobs. Calumet Township is supporting […]
U.P. hospitals recognized for patient safety
Three U.P. hospitals have been recognized for patient safety—Marshfield Medical Center – Dickinson, UP Health System – Portage, and InvestUP Board Member UP Health System – Marquette. Developed under the guidance of a National Expert Panel, the Leapfrog Hospital Safety Grade uses over thirty national performance measures of publicly available hospital safety data to assign […]
NMU holds community forums on plans for hospital site
The NMU Foundation held multiple community forum sessions to provide an update on its plan to redevelop the former Marquette Hospital, located right next to the campus. In September 2021, the foundation entered into a contract to purchase the 23-acre property and repurpose it. While it is still unknown what would replace the hospital, attendees […]
High speed broadband internet brings accessibility to Eastern U.P.
70 miles of middle-mile fiber optic infrastructure will be coming to Chippewa, Luce, and Mackinac Counties through a $2.9M EDA grant awarded to Merit Network. The Leveraging Infrastructure for Transforming the Upper Peninsula project will enable local internet service providers to interconnect with Merit’s middle-mile backhaul to bring reliable, high-speed broadband internet to rural and […]
$1.3M available to U.P. manufacturers through I4.0 Technology Implementation Grants
The MEDC‘s Industry 4.0 Technology Implementation Grant program will provide 50% reimbursement for qualifying I4.0 technology costs up to $25,000. Technologies eligible for this grant program include hardware/software related to the following I4.0 categories: additive manufacturing and advanced materials, artificial intelligence, big data, cloud computing, cybersecurity, industrial Internet of Things, modeling, simulation, visualization, and immersion, […]
JM Longyear cultivates growth and prosperity across the U.P.
JM Longyear is a privately-held entrepreneurial asset management company based in Michigan’s Upper Peninsula with a 150-year track record for embracing opportunity and growing long-term value in the region. Its current company portfolio includes JML Forestry, Able Medical Devices, and Northern Hardwoods. Today, Longyear continues to support growth and prosperity in its business and across […]
Michigan Tech reports record number of applications for fifth straight year
Michigan Tech, an InvestUP Board Member, announced that a record number of prospective undergraduates have applied for the fifth straight year, breaking the trend of Michigan’s public universities struggling with decreasing enrollment. According to the school, MTU has received more than 8,800 applications for the fall 2022 semester, up to 5% from last year, and […]
Seven economic organizations move into Kaufman Block
Inside the newly renovated Kaufman Block building on Marquette’s Washington Street, InvestUP is among seven economic development organizations who are moving in to improve collaboration and innovation—Accelerate UP, Invent@NMU, LSCP, Northern Initiatives, Innovate Marquette SmartZone, and Northwest Michigan PTAC. In addition to the offices being on-site, incubation and accelerator space for startups will be housed […]
Great Lakes Boat Building School in Cedarville sees explosive growth
The Great Lakes Boat Building School in Cedarville, MI, is growing explosively and bringing the entire community along with it. Since its opening in 2005, the demand for highly skilled marine technicians to operate and maintain the technological components of boats has increased. With the Great Lakes Boat Building School growing to meet that demand, […]