Tuesday, March 14, 2006
Michael Shore, MEDC
MEDC Incentives Attract More Than $30.6 Million in Private Investment
Governor Jennifer M. Granholm today announced four brownfield redevelopment projects statewide are expected to create nearly 192 new jobs and generate more than $30.6 million in private investment in Michigan downtowns. The redevelopments in Detroit, East Lansing, Grand Rapids and Owosso are a result of assistance provided by the Michigan Economic Development Corporation (MEDC).
The redevelopment projects announced today:
- The city of Detroit
- The city of Grand Rapids
- The city of East Lansing
- The city of Owosso will team with Robbins Loft LLC to redevelop the former Robbins Furniture store and warehouse using state and local tax capture valued at $312,573. The former furniture showroom building located on Main Street will be renovated to include retail and office space on the first two floors and deluxe loft apartments on the third floor. The former warehouse on Robbins Street will house apartments and a prospective health and fitness club. The $2.2 million project will create 29 new jobs.
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