Wednesday, October 10, 2007
MEDC Assistance Supports New Facility in Houghton, 12 New Jobs
The grant is being made available by the Michigan Economic Development Corporation with funds provided by the federal Community Development Block Grant program.
Spun out of Michigan Tech in 2001, GS Engineering provides full-spectrum engineering services including R&D, prototype development and testing for military vehicle structures and systems. The state has honored the company with several recognition awards including the title of High-Tech Business of the Year by the MEDC, a Michigan Cool Company designation in 2004 and in 2005 GS Engineering was included on the Michigan 50 list which highlights the 50 companies to watch throughout the state.
The city of Houghton contributed an additional $10,000 to support the project.
There are 1,655 local governments within the state eligible to apply for CDBG funds administered by the MEDC. Projects are approved contingent upon compliance with state and federal requirements.
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.MichiganBusiness.org.
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