Thursday, July 14, 2005
Michael Shore, MEDC
State Grant Sparks $598,000 Investment, 30 New Jobs
"This is great news for Iron County and its residents," said Granholm. "These jobs will have a positive effect on this community for years to come."
The grant is being made available by the Michigan Economic Development Corporation with funds provided by the federal Community Development Block Grant program.
Iron County will use the funding to help refurbish the interior of a building to be purchased by the county and leased to Global Response North for its customer contact operations. The county will invest approximately $235,000 to acquire the building.
"Senator Mike Prusi and Representative Rich Brown worked with the Governor to make this dream a reality," said Iron County Board of Commissioners Chair Rosalie King. "Iron County residents appreciate Governor Granholm's sensitivity to this area's economic plight and we are truly fortunate to have both Senator Prusi and Representative Brown working tirelessly on our behalf."
Global Response North is a startup company affiliated with Global Response, a well-established firm with over 30 years experience in the contact center sector.
The Michigan Economic Development Corporation administers the state's Community Development Block Grant funds received from the U.S. Department of Housing and Urban Development. These funds are used to provide grants and loans to eligible counties, cities, villages and townships-typically those with populations less than 50,000-for economic
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.
In her 2005 State of the State address, Granholm emphasized the importance of making Michigan a global economic powerhouse in the 21st century. Since January 2005 the Governor and the MEDC announced the creation or retention of more than 53,000 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.