Tuesday, May 09, 2006
Michael Shore, MEDC
Company Will Invest $2.7 Million
HollandCharter Townshipwill use the grant to make road improvements, relocate a water main and extend a wastewater line to support the construction of a new 50,000-square-foot warehouse.
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.
Founded in 1978, JB Laboratories manufactures vitamins, pharmaceuticals and nutritional supplements. The company is 100-percent employee-owned and operates a state-of-the-art production facility in the North HEDCOR Industrial park.JB Laboratories currently employs about 335 people.
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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