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
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...