Economic incentive bills pass with bipartisan support
New programming will soon be available to U.P. business owners to provide relief and encourage economic development in Michigan. The legislature approved a $75 million small business tax cut that will increase the small taxpayer exemption to the state’s personal property tax. Under it, entities with less than $180,000 in industrial personal property and commercial […]
Lake Shore Systems joins Trident Maritime Systems
Lake Shore Systems Inc. recently announced its integration into Trident Maritime Systems. Trident and Lake Shore will join forces to provide a comprehensive network of integrated services that will better serve their customers worldwide. Together, the companies will continue to provide the exceptional service and high-quality products that customers have come to expect. As of […]
InvestUP remains optimistic about UP’s 2022 economy
Despite the challenges many businesses are facing, InvestUP CEO Marty Fittante says there are reasons for optimism about the future of the Upper Peninsula’s economy. Noting that businesses have been faced with hiring challenges, Fittante says that businesses are doing the best they can with the hand they’ve been dealt. Fittante pointed to investors in […]
UPHP ranked as top insurance plan in the nation
Located in Marquette, Upper Peninsula Health Plan (UPHP) is a managed care and provider service organization that has been serving residents of the Upper Peninsula for more than 20 years. With a mission to advance the health and well-being of the communities it serves, UPHP provides health coverage for individuals enrolled in Medicaid, the Healthy […]
$2.5M in grants going to business groups to address labor shortages
Governor Gretchen Whitmer and the Michigan Department of Labor and Economic Opportunity awarded a total of $2.5 million in Michigan Industry Cluster Approach 3.0 grants to business groups across the state to address labor shortages. The funding is designed to support activities like talent recruitment, creating customized training programs, providing support services like transportation and […]
Winning Michigan Jobs coalition to help state gain competitive advantage
A new coalition of job creators, economic professionals, and industry leaders from across the state—including InvestUP—have joined forces to help Michigan regain a competitive edge in the race for new jobs and investment. The Winning Michigan Jobs coalition is focused on four key areas that are consistently cited as areas where other states are outpacing […]
Peoples State Bank of Munising serving the U.P. for more than 100 years
Peoples State Bank of Munising has been providing excellent banking services to the people of Alger County and beyond since 1910. With five locations—Munising, Au Train, Wetmore, Grand Marais, Chatham—Peoples State Bank prides itself on being a locally owned, locally directed, and locally operated community bank. Operating in the Upper Peninsula for more than 100 […]
Michigan receives $2.4M to assist defense suppliers with cybersecurity
Governor Gretchen Whitmer, along with the MEDC, announced that the U.S. Department of Defense has awarded the Michigan Defense Center (MDC) a $2.4 million grant to assist Michigan defense suppliers with cybersecurity efforts. The MDC plans to use the funds to enhance their Michigan Defense Cybersmart program, which will assist small and medium-sized companies that […]
U.P. business leaders give opinions on how to spend ARP money
With billions of federal Coronavirus relief dollars flowing into Michigan, U.P. business leaders are sharing their input on how to spend it. The ‘MI New Economy Plan’ would spend $722 million to grow the middle class and educate workers, $651 million to support small businesses and create jobs, and $800 million to improve things like […]
War Memorial Hospital signs agreement to join MidMichigan Health
War Memorial Hospital in Sault Ste. Marie and the University of Michigan Health System, MidMichigan Health, have signed an agreement that would make War Memorial Hospital the eighth Medical Center in the MidMichigan Health System. The affiliation is expected to be completed in early 2022. “MidMichigan is well-respected and shares our commitment to our community, […]