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
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, will examine the regulations and provide insight on how it affects technology, challenges the established rules and will usher in new levels of diligence...
SYS-CON Events announced today that SkyScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SkyScale is a world-class provider of cloud-based, ultra-fast multi-GPU hardware platforms for lease to customers desiring the fastest performance available as a service anywhere in the world. SkyScale builds, configures, and manages dedicated systems strategically located in maximum-securit...
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platfor...