Monday, May 22, 2006
Michael Shore, MEDC
Market Study to Help Draw Business and Jobs Downtown
Escanabato perform a downtown market study. The grant is being made available by the Michigan Economic Development Corporation with funds provided by the federal Community Development Block Grant program. An MEDC representative presented a ceremonial check to city officials at a celebration event in Escanaba this morning.
The MEDC is able to award approximately $40 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.
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. For more information on MEDC initiatives and programs, visit the Web site at www.michigan.org.
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