Midland Tomorrow to Acquire MidMichigan Innovation Center
MIDLAND, MI (September 21, 2016) -
On October 1, 2016, Midland Tomorrow will absorb MidMichigan Innovation Center (MMIC), in a move designed to provide more efficient support for emerging companies and to grow Midland’s SmartZonesm
. MMIC in its current form will be dissolved, but all relevant activities will be continued under Midland Tomorrow.
MMIC is a business incubator, started in 2005, that gives entrepreneurs the resources and network to help turn their great ideas into profitable commercial enterprises. Midland Tomorrow is Midland County’s economic development organization for the past 53 years, whose mission is to enhance the quality of life in the county and all its municipalities through the retention and creation of quality jobs and diversification of the economic base.
Midland Tomorrow operates the SmartZone, a tax capture area within city limits focused on accelerating economic growth by growing and developing the industrial base and supporting high-technology companies in Midland. The SmartZone has three aspects: new business incubation and acceleration, second stage support/economic gardening, and foreign direct investment.
“Leveraging the strengths of both organizations will create one cohesive economic development organization focused on job creation and all aspects of entrepreneurship and growth that companies throughout the region need,” said Midland Business Alliance CEO Bill Allen.
Businesses that currently use the MMIC incubator space at their Austin Street location will remain there at least through the end of 2017, said Allen.
Ken Kousky will be leaving his role as MMIC CEO, but will remain as BlueWater Angels (BWA) president. BWA is the state’s second largest angel investment group, and has had a longstanding relationship with MMIC.
"Ken's six-year service as CEO established MMIC’s reputation throughout the state as a source for finding capital, knowhow and help for entrepreneurs," said MMIC Board Chairman Dave Kepler.
About the organizations:
is the private, nonprofit, 501(c)(3) economic development corporation serving the County of Midland, Michigan, and all municipalities therein. The organization works to enhance the quality of life for all Midland County residents through the attraction and retention of good jobs and diversification of the economic base. For more information, call Midland Tomorrow at (989) 839-0340 or visit www.midlandtomorrow.org
The Midland Business Alliance
is an affiliation between Midland Tomorrow and the Midland Area Chamber of Commerce, combining the area’s best business resources to offer a full circle of business support. www.midlandbusinessalliance.org