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Business Leaders for Michigan is an organization dedicated to making Michigan a "Top Ten" state for jobs, personal income and a healthy economy. Serving as the state's business roundtable, Business Leaders for Michigan is composed of the chairpersons, chief executives or most senior executives of the state’s largest job providers and universities. Read more...

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Wednesday
Jun042014

Renaissance Venture Capital Fund Brings More Capital to Michigan Through Investment in River Cities Capital Funds

ANN ARBOR, Mich., June 4, 2014  – Renaissance Venture Capital Fund (RVCF), the venture capital fund-of-funds created by some of Michigan’s largest organizations, announced today that it has invested in River Cities Capital Funds, a growth equity firm investing in healthcare and IT companies. 

“In addition to investing in the strongest Michigan-based venture capital funds, a goal of the Renaissance Venture Capital Fund is to attract leading national venture capital funds to become active in Michigan,” said Chris Rizik, CEO of the Fund. “RVCF is pleased to invest in River Cities Capital, as their skills complement our region’s growing success in creating innovative companies. River Cities Capital is a major growth equity investor and has a sterling reputation for supporting companies in healthcare and IT.”

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Tuesday
Jun032014

Business Leaders for Michigan Applauds Senate’s Action to Help Detroit exit from Bankruptcy

DETROIT, Mich. June 3, 2014 —Business Leaders for Michigan, the state’s business roundtable, applauded today the passage of legislation in the Michigan Senate to facilitate Detroit’s exit from bankruptcy. 

The 9-bill package of legislation provides a significant contribution to the comprehensive financial restructuring plan for Detroit and the establishment of a financial oversight process to ensure the maintenance of sound fiscal practices that will improve city services. 

Doug Rothwell, President & CEO, applauded the passage, “This package will help continue the momentum, progress and cooperation building in Detroit by helping the city get through the largest municipal bankruptcy in history in sound fiscal condition. Senate Majority Leader Randy Richardville and Senator Gretchen Whitmer provided tremendous leadership in securing passage of this important legislation. ”

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Thursday
May292014

Business Leaders for Michigan endorses Rick Snyder for Governor

MACKINAC ISLAND, Mich., May 29, 2014 – Today, the Business Leaders for Michigan’s Political Action Committee (PAC) announced its unanimous endorsement of Governor Rick Snyder in Michigan’s gubernatorial election in November. 

“Confidence is high from the business community that under the Governor’s leadership that Michigan is on the right path for a full recovery,” said Michael J. Jandernoa, Director, Perrigo and BLM PAC Co-Chair.  “The state is clearly turning around. Michigan’s fiscal house is in order, state long-term debt has been reduced, the burdensome Michigan Business Tax has been eliminated and our state is much more competitive.  The Governor has prioritized state investments in areas that will most help our economy grow, such as preschool education and higher education.” 

Indicating that the decision was based on his leadership on significant components of the Michigan Turnaround Plan, Cynthia J. Pasky, Founder, President & CEO, Strategic Staffing Solutions and BLM PAC member said, “Everything we do is measured against the Michigan Turnaround Plan, including our support for candidates for office. By that standard, this Governor has earned our strongest endorsement. From his work on Detroit’s bankruptcy to removing barriers to greater collaboration between local governments, he has demonstrated a pragmatic, results-oriented approach to governing.  He works collaboratively to identify solutions such as his recent work on finding options for fixing Michigan’s roads and infrastructure.” 

After careful consideration, Business Leaders for Michigan’s PAC made the endorsement of Governor Snyder based on his strong track record and input from PAC Board members. The PAC Board of Directors regularly meets to identify and support candidates and policies that support BLM’s public policy priorities and includes Michael J. Jandernoa, Co-Chair, Albert M. Berriz, McKinley CEO and BLM PAC Co-Chair, Cynthia Pasky and  William U. Parfet, Chairman, President & CEO, MPI Research.

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Thursday
May222014

Business Leaders for Michigan Applauds Legislation to Help Detroit exit from Bankruptcy

Urges Swift Passage in State Senate 

DETROIT, Mich. May 22, 2014 —Business Leaders for Michigan, the state’s business roundtable, applauded today the passage of legislation in the House of Representatives to facilitate Detroit’s exit from bankruptcy. 

The 11-bill package of legislation provides a significant contribution to the comprehensive financial restructuring plan for Detroit and the establishment of a financial oversight process to ensure the maintenance of sound fiscal practices that will improve city services.

Doug Rothwell, President & CEO, cheered the passage, “This package represents an opportunity to make history, by getting Detroit through the largest municipal bankruptcy ever, on-time and in sound fiscal condition, and provide a model for the nation. Representative John Walsh and Representative Tom Stallworth deserve tremendous credit for their leadership in securing passage of this important legislation.”

Rothwell further explained, “To those outside our borders, Michigan’s image is greatly influenced by the image of Detroit, so it is critical for Detroit and Michigan, that Detroit be able to meet the citizens’ expectations for providing sound fiscal management, effective public safety, and cost-effective and reliable basic services.”

Voters across Michigan understand this. BLM polling research shows that majorities of Michigan voters from every part of the state recognize the importance of Detroit to the state’s economy and support the state making a significant financial contribution to a restructuring plan.  

The legislation now moves to the Senate. “We are extremely pleased by the broad bipartisan support this legislation received in the House, and we respectfully urge quick action in the Senate to complete this critical work,” said Rothwell.

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 Download the press release. 

 

Monday
May192014

Renaissance Venture Capital Fund Helps to Attract Nearly Half a Billion Dollars of New Investment into Michigan Companies 

DETROIT, Mich., May 19, 2013 – The Renaissance Venture Capital Fund (RVCF), Michigan’s innovative venture capital fund-of-funds, today announced its initial investments have attracted total investments of nearly a half billion dollars in 23 young Michigan companies.

“For every dollar invested by RVCF, we’ve attracted $21 of new capital for Michigan companies,” said RVCF CEO Chris Rizik. “And even more important, we’ve helped create hundreds of high-wage Michigan jobs in the process.”

Rizik said that the average pay for the new jobs created in Michigan is $85,000.

“The combination of prudent, well researched investing and of connecting capital with opportunities has been the key to the success of the RVCF,” Rizik said. “We not only provide capital to increase entrepreneurial activity, we also connect young innovative start-ups with Michigan’s established companies that can become important customers or partners. We have a proven model for expanding innovation, growing jobs and earning solid returns for our investors.”

 

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