Thursday, April 29, 2004
Tooling Company to Expand and Invest $1.5 Million
Governor Jennifer M. Granholm today announced $150,000 in Community Development Block Grant (CDBG) funding that will lead to the creation of 35 new jobs and spur $1.5 million in private investment in Port Huron Charter Township. The grant, made available through the Michigan Economic Development Corporation (MEDC), will be used to help facilitate the expansion of cutting tool manufacturer, Mapal Aaro Inc.
In her 2004 State of the State address, Governor Granholm announced a focused seven-point plan for economic growth. So far this year, the Governor and the MEDC have announced the creation or retention of approximately 5,638 jobs as a result of targeted assistance provided by the MEDC.
The Port Huron project is one of five announced today by the MEDC. Combined, the projects will create a total of 229 jobs for Michigan workers. The other projects involve company expansions or new facilities in Lansing, Marquette and Yale and a downtown infrastructure project in Dexter.
"This project demonstrates the flexibility of the CDBG program," MEDC President and CEO Don Jakeway said. "Not only does it address public infrastructure needs, but it gives the community a powerful tool to address employer issues like training in order to retain and create jobs in the community."
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.