Tuesday, October 19, 2004
State Offers $15,000 to Create Downtown Development Plan
Michigan Economic Development Corporation (MEDC) representatives joined Linden officials today to celebrate the city's designation as one of 11 communities to participate in the 2004 "Blueprint for Michigan's Downtowns" program. The program will help Linden leaders formulate a comprehensive action plan to address economic development challenges and encourage growth. Linden will receive $15,000 from the MEDC and the Michigan State Housing Development Authority (MSHDA), and provide an additional $15,000 for its local match.
"Downtowns are at the core of Michigan's economic success," said MEDC President and CEO Don Jakeway. "The Blueprints program is an excellent opportunity for communities like Linden to formulate a customized plan for the future, using the knowledge of a renowned downtown consulting firm at an affordable cost."
As a Blueprints community, Linden will work with the MEDC and the national downtown consulting firm of HyettPalma to develop an action plan. The process includes defining a long term economic development vision, conducting a market analysis to determine the potential of the downtown area, formulating a definitive course of action and encouraging the formation of a public/private management team to implement the plan. HyettPalma will make its initial visit to Linden next March. Formulating the plan will take approximately five months, with implementation estimated to take five years.
The MEDC and MSHDA have committed a total of $200,000 to fund this year's Blueprints program.
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.