Welcome!

News Feed Item

Detroit-area Attorney Richard Rassel Named Chair of New Michigan Community Development Corporation

LANSING, Mich., Jan. 17, 2014 /PRNewswire-USNewswire/ -- Scott Woosley, president and CEO of the Michigan Community Development Corp. (MCDC) and executive director of the Michigan State Housing Development Authority (MSHDA) today announced that Richard E. Rassel of Bloomfield Hills will chair the MCDC, a new organization aimed at attracting foreign investment to Michigan.

(Logo: http://photos.prnewswire.com/prnh/20110419/MM85741LOGO)

The news comes on the heels of Gov. Snyder's State of the State address Thursday, in which he announced plans to create the Michigan Office for New Americans, an effort to attract immigrants to the state.

"We are very excited to have the support of the Governor on not only the MCDC but also the launch of the EB-5 program in Michigan. His creation of a new office to promote immigration further demonstrates his commitment. He understands the link between foreign investment, immigration, entrepreneurship and job creation and how it will further Michigan's effort to be recognized globally for all it has to offer," Woosley said.

Rassel, a shareholder and chairman of the law firm Butzel Long, holds a B.A. from the University of Notre Dame and a J.D. from the University of Michigan Law School. He practices primarily in the area of complex business litigation and arbitration with a special concentration in media law. Rassel also is a Certified Judge Advocate, having graduated from the U.S. Navy Judge Advocate School. He has been a Fellow of the American College of Trial Lawyers since 1989 and is a graduate of the CPR Institute for Dispute Resolution Mediation and Arbitration Training Program. In addition, Rassel is a director and secretary of the Detroit Legal News, Inc.

"Dick is a highly-respected attorney who also has many years of board leadership in several different organizations across the state, which demonstrates his dedication to the betterment of Michigan. We are thrilled to have someone of his caliber from the private sector engaging in such an important role in this organization. I am confident his leadership will provide the oversight and direction we need to be successful in this new endeavor," Woosley said.

Rassel's community activities include serving as vice-chairman of the Board of Detroit Public Television; chairman of the Board of the Holy Cross Foundation; a director of the Michigan Strategic Fund; a trustee of the Detroit Regional Chamber of Commerce's Foundation Board; a trustee of William Beaumont Hospital and vice-chairman of its Research Institute; past president of the Birmingham (Michigan) Community House; a former president and trustee of the Rosa Parks Scholarship Foundation; an Ambassador of the College of Arts and Sciences of Oakland University; and a member of the Board of Advisors for the University of Detroit Mercy School of Law.

"I look forward to fostering opportunities that lead to new business formation and job growth in Michigan," Rassel said.

The MCDC will house the State of Michigan EB-5 Regional Center, a vehicle to connect eligible foreign investors with potential development projects in key areas of the state.

In addition to Rassel, the MCDC board is comprised of Keith Creagh, director of the Department of Natural Resources; Steve Arwood, director of the Department of Licensing and Regulatory Affairs; Kirk Steudle, director of the Michigan Department of Transportation; and Craig Patterson, Senior Vice President of Development, WODA Group.

The board will meet quarterly or as needed.

The Michigan State Housing Development Authority (MSHDA) provides financial and technical assistance through public and private partnerships to create and preserve decent, affordable housing for low- and moderate-income residents and to engage in community economic development activities to revitalize urban and rural communities.*

*MSHDA's loans and operating expenses are financed through the sale of tax-exempt and taxable bonds as well as notes to private investors, not from state tax revenues. Proceeds are loaned at below-market interest rates to developers of rental housing, and help fund mortgages and home improvement loans. MSHDA also administers several federal housing programs. For more information, visit www.michigan.gov/mshda.

SOURCE Michigan State Housing Development Authority

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
SYS-CON Events announced today that CollabNet (www.collabnet.com) a global leader in enterprise software development and delivery solutions that help customers create high-quality applications at speed, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The CEO of CollabNet Flint Brenton will also present about DevOps challenges in today’s global, open, and heterogeneous world of software development.
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...