Wednesday, February 28, 2007
Michael Shore, MEDC
Hartford, Watervliet to Develop Regional Economic Development Strategy
Governor Jennifer M. Granholm today announced a $50,000 grant to four communities in Southwest Michigan to perform an I-94 corridor planning study and create a regional economic development strategy. The grant is being made available to the city of Hartford and Hartford Township in Van Buren County and the city of Watervliet and Watervliet Township in Berrien County by the Michigan Economic Development Corporation (MEDC) with funds provided by the federal Community Development Block Grant program.
The study will examine land use, assess existing and future infrastructure services and needs, include suggestions for a comprehensive marketing strategy and examine transportation and community build-out trends.
The MEDC is able to award approximately $40 million in federal CDBG funds each year. There are 1,655 local governments within the state eligible to apply for these funds. Projects are approved contingent upon compliance with state and federal requirements.
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 atwww.michigan.org.
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