The Michigan-China Business Development Group

Program service #1description of program service:promoting The state of Michigan as an investment destination to chinese companies and convincing them to make job-creating investments in Michigan, on a non-profit basis, for The purpose of economic Development in Michigan. The primary program service, undertaken both in Michigan and china, consists of attending industry events, building Business relationships, making tailored presentations, convening meetings together with partners in Michigan and china, and exchanging free information with potential investors, to further these aims. Michigan-China innovation center carries out tailored recruitment campaigns targeting companies from china, not all of which result in wins.approximately, The ratio of companies served to 'wins' is: 100 prospects convert to 10 leads (10%); 10 leads convert to 1 win (10%); therefore, approximately 100 prospects convert to 1 win (1%).michigan-china innovation center fye 9/30/2021 wins(job-creating projects located in Michigan after multi-state competitions)project name jobs investment(million $)dicastal north america 137 60.5camel battery 41 4.6duhome 10 3.0totals 188 68.1total revenue associated with program service: $276,159total grants associated with program service: $262,500expenditure on program service: $364,317program service #2description of program service:building Business ties in The clean tech industry between Michigan and china. Programs involved conducting exploratory conversations with companies in Michigan and china about opportunities to connect with technology, markets, or capital in The other region, and forms of collaboration they might have with players from The other region. One important result has been promotion of The state of Michigan's nextcycle program, a recycling Business accelerator, to companies from china and taiwan.total revenue associated with program service: $187,500total grants associated with program service: $187,500expenditure on program service: $260,227

Building Business ties in The clean tech industry between Michigan and china. Rograms involved conducting exploratory conversations with companies in Michigan and china about opportunities to connect with technology, markets, or capital in The other region, and forms of collaboration they might have with players from The other region. One important result has been promotion of The state of Michigan's next cycle program, a recycling Business accelerator, to companies from china and taiwan.expenses not separately stated.