Friday, July 11, 2003
Grant to Help Redevelop Downtown Infrastructure to Create Jobs
The Michigan Economic Development Corporation (MEDC) announced federal Community Development Block Grant (CDBG) funding today for Imlay City. The $120,350 grant will help with a downtown revitalization project expected to spur more than $155,000 in private investment and create six jobs.
“Michigan’s downtowns are the heart and soul of our communities,” said Sabrina Keeley, acting CEO of the MEDC. “I commend Imlay City for reinvesting in its downtown area to help bring business and jobs to the community’s core.”
Imlay City was one of 15 communities that received competitive CDBG downtown development grants recently. The grants are awarded annually to help fund infrastructure and other site improvements in Michigan’s downtowns to make way for new private development. A total of 26 communities competed for the funding.
Imlay City will use the funding to help pay for streetscape improvements to a portion of the downtown area surrounding a historic train depot to encourage private investment and job creation in the area.
The Michigan Economic Development Corporation administers the Michigan Community Development Block Grant program. CDBG is a federal program involving funds received from the U.S. Department of Housing and Urban Development. These funds are used to provide grants to eligible counties, cities, villages and townships, usually less than 50,000 population, for economic development, community development and housing projects.
Each year, Michigan receives about $50 million in federal CDBG funds. About 150 CDBG projects are funded throughout the state. There are 1,655 local governments eligible to apply for these funds.
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.