Monday, October 08, 2007
Megan Brown 517-335-6397
Company establishes new national headquarters in redeveloped building
Based on the MEDC's recommendation, the Michigan Economic Growth Authority board today approved a state tax credit valued at more than $9 million over 12 years.
"This project will provide a major boost to our capital city's revitalization efforts and be a visible reminder of what can be achieved through partnership," said MEDC President and CEO James C. Epolito. "We congratulate Accident Fund and Blue Cross Blue Shield for their continued growth and thank them for choosing to expand here in Michigan."
The DEQ will allocate Clean Michigan Initiative funds of approximately $3.2 million to the city of Lansing to be used for public riverfront improvements, including the development of a 20-foot wide public linear park.
The DMB will assist in removal of an existing chilled water plant and high-pressure steam distribution facility and development of a replacement facility at a new location to maintain utility services.
"The Department of Management and Budget is pleased to partner with Accident Fund to continue its investment in the infrastructure and economic growth of our capital city," said DMB Director Lisa Webb Sharpe.
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