The Michigan Economic Development Corporation (MEDC) awarded $256,561 in Core Communities funding today to the City of Hamtramck for the Vincent Street redevelopment project.
A portion of the Core Communities funding will help fund reconstruction of Vincent Street.The funds will also be used to replace the water and sewer lines in the Vincent Street area.
“The City has struggled with financial difficulties.However, Hamtramck is moving forward and working to alleviate those past problems,” said Doug Rothwell, president & CEO of the Michigan Economic Development Corporation.“We hope our efforts to fund this project will help continue local leaders plans for the City of Hamtramck’s prosperous future.”
As a result of this planned redevelopment, a local food processing firm, 18th Street Deli, has pledged to locate a new facility on Vincent Street.The new 18th Street Deli facility will replace an exiting blighted, abandoned industrial facility that has been vacant for eight years.The 18th Street Deli facility will result in the creation of nearly 100 new jobs and $2 million in private investment.
“Hamtramck is making a great comeback, and it’s because the state, county and city government are working together to improve the services and infrastructure that residents and businesses need,” said Wayne County Executive Edward H. McNamara.
Recently, the Michigan Department of Transportation granted the City of Hamtramck more than $1 million in Transportation Economic Development Funds to reconstruct Vincent Street to a Class A (all-season) road from Conant to Marcus.
Emergency Financial Manager Louis Schimmel voiced his support of the project.He said, “We have made major progress toward putting our deficit problems behind us.The 18th Street Deli project and other economic development initiatives are painting a bright future for Hamtramck.”
Hamtramck Mayor Gary Zych said, "I have worked with the County, the State, and 18th Street Deli for over two years to make this project a reality.It is very good news for all of Hamtramck to see this project take off.It is turning an eyesore into an economic asset, creating new jobs and a new road for Hamtramck.This is progress for all the people of the City."
Eighty-eight core communities, including the City of Hamtramck, and those municipalities awarded a SmartZone designation are eligible to apply for Core Communities Funds.
Established through a $50 million appropriation from the State Legislature, the Core Communities Fund’s goals include:
·Promoting private investment and job creation;
·Encouraging mixed-used development in our central cities;
·Redeveloping or reusing obsolete buildings or non-marketable sites;
·Effectively competing for interstate and international projects;
·Developing Certified Business or Technology Parks; and
·Enhancing the quality of life and strengthening the economic base while reducing urban sprawl.
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.