Tuesday, October 07, 2003
(517) 373-1769 or (517) 335-6397
Grant Facilitates Expansion of Manufacturing Facility and $700,000 Investment
Governor Jennifer M. Granholm today announced $106,560 in federal Community Development Block Grant (CDBG) funding for the city of Grayling to facilitate the expansion of Derwich Industries, Inc. The project is expected to create 11 new manufacturing jobs and spur $700,000 in private investment.
“Retaining and creating manufacturing jobs is one of my highest priorities,” Granholm said. “I appreciate Derwich Industries’ decision to stay and grow in Michigan, creating important new jobs for Grayling area families.”
The city of Grayling will use the funding to make necessary road improvements and extend water main and sewer infrastructure to facilitate the expansion.
Derwich manufactures plastic parts, including roof racks and gaskets, for the automotive industry.The company currently employs nine people in Grayling.
The Michigan Economic Development Corporation administers the Michigan Community Development Block Grant program, a federal program involving funds received from the U.S. Department of Housing and Urban Development. These funds are used to provide grants to eligible counties, cities, villages and townships with populations usually less than 50,000 for economic development, community development and housing projects.
Each year, Michigan receives about $50 million in federal CDBG funds.About 150 CDBG projects are funded throughout the state. There are 1,655 local governments eligible to apply for these funds.
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.
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