Friday, December 02, 2005
Michael Shore, MEDC
$1 Mililion Expansion Will Create 35 New Jobs
Governor Jennifer M. Granholm today announced a $350,000 grant to the village of Lawrence to help Quality Assured Plastics Inc. expand its operations there. The project is expected to create 35 new jobs and generate $1 million in private investment.
"These public improvements and this expansion will help a Michigan manufacturer create new jobs and compete globally," Granholm said. "This project will anchor the company in the community and help spur future investment in Lawrence."
The grant is being made available by the Michigan Economic Development Corporation with funds provided by the federal Community Development Block Grant program.
Lawrence will use the grant to construct a new water tower to support the expansion. The water system upgrade will also serve additional business growth in the village. Van Buren County will provide an additional $150,000 through its CDBG Revolving Loan Fund and the village will contribute $20,000 from its local water fund for the project.
"The state, county, township and village displayed great team work to create and expand our industrial park," Village Administrator Ken Schaut said. "The water tower will benefit future growth and compliment the existing infrastructure in the community."
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.
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.
"CDBG funding is a great resource for smaller communities to make the kinds of public infrastructure improvements needed for economic growth," MEDC President and CEO James Epolito said. "The new water tower will benefit Quality Assured Plastics and the entire community."
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 63,000 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. For more information on MEDC initiatives and programs, visit the Web site at www.michigan.org.