Friday, July 15, 2005
Michael Shore, MEDC
Project will Create and Retain 35 Jobs, Spur $2 Million Investment
Governor Jennifer M. Granholm today announced a new manufacturing facility for Merrill Fabricators Inc. will be built on the site of a former fertilizer factory in Buena Vista Township with the assistance of a brownfield Single Business Tax credit from the Michigan Economic Development Corporation. The project is expected to generate more than $2 million in private investment and create and retain 35 manufacturing jobs.
"This vacant, contaminated property will be transformed into a site that creates new opportunities for Buena Vista Township and the families who live there," Granholm said. "Whenever we help local communities attract business investment, we make Michigan more competitive in the global fight for new jobs."
"Our companies have experienced significant growth and we look forward to continuing this trend with the investment in this new facility," Merritech Vice President and Chief Financial Officer Michael Beyer said. "We appreciate the assistance we received from Saginaw Future, Buena Vista Township and the MEDC. We expect to expand in the future at this new site."
"This is another example of the growth and diversification of the Merrill Tool Companies," said JoAnn Crary, President of Saginaw Future Inc. "With the support of the state and local community, this family-owned business is quickly becoming one of the area's major employers."
In her 2005 State of the State address, Granholm emphasized the importance of making Michigan a global economic powerhouse in the 21st century. Since January 2005 the Governor and the MEDC have announced the creation or retention of more than 53,000 jobs as a result of targeted assistance provided by the MEDC.
"Michigan's brownfield incentives have a well-deserved reputation for transforming unusable properties into generators of new jobs, investment and revenue," MEDC President and CEO Don Jakeway said. "Redeveloping this site will fuel new economic energy in Buena Vista Township."
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.