Wednesday, October 20, 2004
Grant to Create 30 New Jobs, $7.5 Million in Investment
Governor Jennifer M. Granholm today announced $300,000 in federal Community Development Block Grant funding for the village of Deckerville to support the expansion of auto component manufacturer Trim Trends. The grant, made available through the Michigan Economic Development Corporation (MEDC), is expected to spur $7.5 million in private investment and create 30 new manufacturing jobs.
"Sufficient public infrastructure is the backbone of successful economic development," Granholm said. "In the global competition for jobs, these grants help communities make fundamental improvements they need to attract business and foster the growth of existing companies."
The village will use the funding to make road improvements to accommodate the expansion. One thousand feet of Stoutenburg Street between Range Line Road and Main Street will be resurfaced, and there will be upgrades to Range Line Road with the addition of a turn lane at Range Line and Black River Street. Trim Trends plans to invest $7.5 million in the expansion and add 30 new jobs. The metal stamping company currently employs 257 people at the Deckerville facility.
The village of Deckerville will contribute $52,000 to the project.
"The village of Deckerville and the Village Council are pleased to partner with the MEDC on the Trim Trends expansion," said Village President Donald Murdock. "The project will maintain valuable employment opportunities in Deckerville."
The MEDC is able to award approximately $50 million in federal CDBG funds each year. There are 1,655 local governments within the state eligible to apply for these funds. Projects are approved contingent upon compliance with state and federal requirements.
"CDBG funding has helped so many Michigan communities facilitate business growth through ensuring that sufficient infrastructure is in place to accommodate increased economic activity," said MEDC President and CEO Don Jakeway. "Trim Trends' decision to expand in Deckerville is a tribute to its workforce and the economic health of the entire state."
In her 2004 State of the State address, Governor Granholm announced her plan to make Michigan a global economic powerhouse in the 21st century. So far this year, the Governor and the MEDC have announced the creation or retention of approximately 30,872 jobs as a result of targeted assistance provided by the MEDC.
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.