Friday, July 13, 2007
Michael Shore, MEDC
MEDC Assistance Supports $150 Million Plant, 45 New Jobs
Governor Jennifer M. Granholm today announced a $900,000 grant to the city of Corunna to extend the water and sewer system needed to build a new E85 Inc. ethanol plant. The project is expected to create 45 new jobs and $150 million in private investment by the company. Lt. Governor John Cherry presented a ceremonial check to Corunna officials at an announcement event today.
The grant is being made available by the Michigan Economic Development Corporation with funds provided by the federal Community Development Block Grant program.
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 city of Corunna will contribute $300,000 toward the project.
Based in Kingston, Washington, E85 Inc. is a newly-formed corporation of Sterling Infotech Group. Over the next ten years, the company plans to build ten captive ethanol facilities throughout North America, each with production capacity of 100 million gallons per year.
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.
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