Wednesday, October 20, 2004
Grant to Study Feasibility of Agri-Industrial Park
Governor Jennifer M. Granholm today announced $50,000 in Community Development Block Grant funding for a comprehensive study to identify possible agribusinesses that show commercial viability for a prospective agricultural industrial park in Muskegon County. The grant of federal funds is being made available through the Michigan Economic Development Corporation (MEDC).
"Feasibility studies are an excellent tool for determining if a business will work in a given area," Granholm said. "This is an innovative move on the part of Muskegon County to identify the best economic use for land and its nearby resources."
The results of the year-long study would determine the feasibility of an agricultural industrial park, which would be located on the surplus lands within the Muskegon County Wastewater Management System.
"We are very pleased that the State of Michigan has agreed to partner with the Muskegon County community on this effort," said Muskegon County Public Works Board Chairman Louis McMurray. "This funding will help promote agribusiness locating in Michigan."
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.
"Muskegon is being progressive by trying to join land use with its nearby natural resources for economic benefit," said MEDC President and CEO Don Jakeway. "Studies like this are valuable to determine if the idea has the potential to attract investment and jobs."
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.