Michigan state agencies in collaboration with the Michigan Economic Development Corporation and several private industries and organizations will offer economic development incentives, startup capital, and support services valued around $3 billion to help grow Michigan-based small businesses in emerging industry sectors. The Pure Michigan Business Connect initiative matches people with resources and strengthens relationships to fuel economic growth, according to a press release. Incentives offered by some of the participating organizations include $2 billion in lending over four years from Huntington National Bank and $100 million for second stage funding for Michigan businesses with innovative technologies to accelerate large-scale commercialization. Consumers Energy and DTE Energy also pledged to dedicate an additional $250 million each over five years to purchase goods and services from Michigan-based suppliers. The initiative builds on Gov. Rick Snyder's economic development plans centered on regionalism and economic gardening outlined during his State of the State address. Read the press release...