Regional development news round-up for June

It's been another busy month for development news in metropolitan Detroit. Let's catch up on some more development stories from the past four weeks.

Small for-profit businesses in the city of Pontiac are being encouraged to apply for Pitch 'N Pontiac, a small business competition that awards cash prizes and pro bono business consulting services. Seven finalists will be selected for a Pitch event on Aug. 31 where the $5,000 grand prize will be awarded as well as $3,000 for second place and $2,000 for third. The deadline to apply is Friday, July 29 at 5 p.m. Non-profits and franchises are not eligible for the contest.

Ten Oakland County communities were recognized for their vibrant downtown areas, each receiving perfect "10 out of 10" scores from the National Main Street Center in Chicago. The towns were rated on a range of criteria that included community support and historic preservation. Receiving perfect scores were Clawson, Farmington, Ferndale, Franklin, Highland, Holly, Lake Orion, Ortonville, Oxford, and Rochester.

In Wixom, a new facility is being built by TREMEC Corporation, creating 133 jobs and $54 million in total investment. The manufacturer of high-performance vehicle transmissions is receiving a $731,500 Michigan Business Development Program performance-based grant and the city of Wixom is offering property tax abatement.

Also receiving a Michigan Business Development Program performance-based grant is Karma Automotive, which is being awarded $450,000 from the state for establishing an automotive engineering and purchasing hub in Troy. The company, which designs and manufactures luxury hybrid vehicles, will create up to 150 jobs and a $3.6 million investment. The city of Troy is providing the company marketing and promotional assistance as part of the deal.

A Peregrine Falcon chick hatched on the 11th floor of the Old Macomb County Building. Macomb County Executive Mark A. Hackel named the bird Grace, after his first-grade teacher and as a nod to all educators.

Got a development news story to share? Email MJ Galbraith here or send him a tweet @mikegalbraith.
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