LANSING — The Michigan Economic Development Corp. executive committee has appointed Steve Arwood as its new executive vice president and chief operating officer. He replaces Michael A. Finney, who was named Gov. Rick Snyder’s senior adviser for economic growth in December.
As CEO, Arwood is charged with implementing and executing MEDC’s core mission of business development and attraction, community development, providing access to capital and improving Michigan’s image and brand. His responsibilities will include administering all programs, funds, personnel, contracts, and all other administrative functions of MEDC.
Arwood has also been named named president and chairman of the Michigan Strategic Fund and director of the newly-created Talent and Economic Development Department. The new department was created to ensure that the state can efficiently and effectively develop, administer and coordinate Michigan’s economic, housing, and talent development initiatives and programs.
Prior to joining MEDC last August, Arwood served as chief regulatory officer and director of Licensing and Regulatory Affairs where he led reforms of the state’s regulatory and licensing environment. He joined LARA from Windlab Developments USA, LTD, where he served as U.S. regional director. He has worked in wind energy development, conservation, and business development. He previously served as deputy director and other executive management positions at the Michigan Jobs Commission under Gov. John Engler. He has also served as director for the House of Representatives Programs and Policy, and the National Federation for Independent Business-Michigan.
He is a graduate of the James Madison College at Michigan State University.