Thursday, September 03, 1998
New park will attract industry, job opportunitiesGovernor John Engler today announced the establishment of a new industrial park in the City of Manistee. The park, to be called the Manistee Renaissance Industrial Park, is located within a Renaissance Zone, which means that any business that locates within the park will have state and local tax-free status. "By creating new, modern industrial space, along with offering the benefit of virtually tax-free status, Manistee will have the resources it needs to attract new businesses and job opportunities for residents of the area," said Governor Engler. "This is excellent news for the City of Manistee." The City of Manistee will initially prepare 75 acres, which will be divided into 13 five-acre sites, as Phase I of the project. An additional 125 acres is available for development when Phase I is filled. Governor Engler also announced the Michigan Jobs Commission has approved a $1.1 million community development infrastructure grant for the park. The grant, funded by the Michigan Renaissance Fund, will be used for the creation and improvement of infrastructure. "It is exciting to be able to show industrial sites available for immediate development in a Renaissance Zone," said Engler. "The establishment of this industrial park marks a victory in the city's long-term efforts to establish jobs for its residents." Manistee Mayor Lorraine Conway said, "This new park is part of our economic diversification. With a strong tourism year and the state and federal help on the industrial park, Manistee is moving ahead."