Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message.
Jack Nicklaus to Headline Ally Challenge Celebrity Shootout
Jack Nicklaus, arguably the greatest golfer of all time, will headline the Ally Challenge Celebrity Shootout Aug. 27 at Warwick Hills Golf and Country Club in Grand Blanc.
Nicklaus will be joined by Detroit Red Wings Captain Dylan Larkin; two-time super middleweight world boxing champion Anthony Dirrell; U.S. Adaptive Open champion golfer Kim Moore; and ESPN analyst and Fab Five team member Jalen Rose. They will play a team scramble over holes 10, 11, 17, and 18.
In the coming weeks, the remaining field for the Celebrity Shootout will be named to create the full field for match that will benefit charity.
For more information, visit theallychallenge.com.
NGL Energy Partners Puts Ambassador Pipeline in Service in Michigan
Oklahoma-based NGL Energy Partners today announced today the completion of the Ambassador Pipeline in the state of Michigan.
The Ambassador Pipeline System consists of a 225-mile bi-directional pipeline with multiple supply and delivery points. It connects central, northern, and western Michigan propane customers to millions of gallons of underground storage capacity in eastern Michigan.
NGL’s Wheeler Terminal is located at the mid-point of the pipeline and includes on-site storage of 480,000 gallons of propane. The Kalkaska terminal is located at the northern end of the pipeline and has total storage of 420,000 gallons. Both Wheeler and Kalkaska each utilize two truck loading bays capable of flowing up to 600 gallons per minute, which allows propane transports to load in approximately 25 minutes.
“Our Ambassador Pipeline System establishes an integrated infrastructure of pipelines, supply points, storage facilities, and terminals to deliver a diversified and dependable supply at several locations for Michigan propane customers,” says Jeff Pinter, executive vice president of NGL’s liquids logistics segment. “At a time when Americans are focused on energy costs and reliability, NGL delivers an innovative infrastructure solution, creating an efficient, dependable, and cost-effective supply for the Wolverine State. In addition to the supply benefits to Michigan’s many propane customers, the Ambassador Pipeline will reduce truck traffic, road wear and tear, and a substantial reduction of CO2 emissions every year benefitting residents throughout the state.”
Cinnaire in Detroit Partners to Form Multi-family Mortgage Lender
Cinnaire in Detroit, the Community Preservation Corp. in New York (CPC), and the National Equity Fund in Chicago (NEF) have formed a joint partnership in CPC Mortgage Co., a national mortgage lending company specializing in multi-family agency finance products.
This first-of-its-kind cooperative leverages the resources and expertise of its three nonprofit owners to increase access to flexible agency mortgage capital in communities where it’s needed most, with the goal of expanding and preserving affordable and workforce housing. CPC Mortgage Co. also provides a new avenue for socially responsible investments in housing, giving multifamily owners and investors an opportunity to access permanent capital, while supporting and advancing its members’ nonprofit work to create a positive impact in communities.
“For some time, Cinnaire had been intentionally seeking opportunities to expand our lending platform by partnering with an organization with the full suite of Agency products,” says Susan Frank, executive vice president of Business Development at Cinnaire. “After exploring several options, we chose CPC Mortgage Co. because it aligns well with our mission of developing and preserving affordable housing and has invested $3.2 billion in Agency lending.”
The partnership creates an impact-driven, nonprofit mortgage lender offering a range of permanent multi-family lending products from Freddie Mac, Fannie Mae, and Federal Housing Administration (FHA) products including conventional, affordable, and small balance lending for the acquisition, refinance, rehabilitation, and development of multifamily housing.
“Cinnaire is acutely aware of the challenges that many developers face in accessing capital in the affordable housing industry, and we are committed to expanding access to financing that supports multifamily development in areas that need it most,” says Mark McDaniel, president and CEO of Cinnaire. “It was a priority for us to partner with organizations with the same mission and we are looking forward to joining CPC and NEF in providing developers expanded access to quality financial tools to build equitable communities.”
For borrowers and institutional investors who are focused on environment, social, and governance (ESG) principals, CPC Mortgage Co. provides the opportunity to put mortgage dollars to work supporting social equity in communities. The revenue generated through CPC Mortgage Co.’s lending and servicing supports its three members’ nonprofit missions and work to create a positive social impact through their investments in housing and community development across the country.
UWM in Pontiac to Host Nearly 300 Girls for Project Play Aug. 12
Nearly 300 girls from southeast Michigan will have the opportunity to try a variety of sports at “Find Your Next Move: Sports Sampling for Girls” hosted by Project Play: Southeast Michigan from 12:20-5 p.m. Aug. 12 at the UWM Sports Complex in Pontiac.
Project Play envisions a southeast Michigan where all young people in the region — regardless of location, income, ability, or gender — can be active through sports and live their best, healthiest lives. Project Play is a partnership of the Community Foundation for Southeast Michigan, the Ralph C. Wilson, Jr. Foundation, and the Aspen Institute Sports & Society Program.
Organizations participating in the event include:
- Advancing Macomb
- A Girl Like Me Inc,
- Boys & Girls Clubs of Southeastern Michigan
- Detroit Public Schools Community District — Office of Athletics
- Detroit Venom
- Embrace Sportz
- Figure Skating in Detroit
- Girls on the Run of Southeastern Michigan
- Girl Scouts of Southeastern Michigan
- LK St. Clair Soccer
- Oakland County Sheriff PAL
- USTA Midwest, People for Palmer Park, Motor City Tennis
- USTA Southeastern Michigan
Rochester’s Art & Apples Festival Slated for Sept. 9-11
Paint Creek Center for the Arts (PCCA) in Rochester is gearing up for its annual Art & Apples Festival Sept. 9-11. The presenting sponsor is Genisys Credit Union.
During the festival, a juried group of 250 artists and artisans, along with more than 80,000 attendees, are expected to converge in Rochester Municipal Park, near downtown Rochester.
In addition to finding one-of-a-kind art pieces to purchase, there will be live performances from community music and dance groups, food vendors offering a wide array of tasty options, the Meijer Kids Art Zone offering children’s art activities, and the Creation Station featuring live art-making demonstrations.
“Our Art & Apples Festival has always been uniquely positioned as a combination of art and community — and many artists and festival-goers return year-after-year for this awaited homecoming,” says Shaun Hayes, executive director of the PCCA. “We are continually recognized for the popularity of our show and the caliber of the fine art presented. In fact, we are proud to be ranked ninth on the list of 200 Best Fine Art and Design Shows for the decade of 2010-2020 by Sunshine Artist magazine.”
For more information, visit here.