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Designation facilitates private investment, improves economic development opportunities
LANSING, Mich. – For its efforts in establishing a solid foundation to attract private investment and further build on municipality assets, the city of Wyoming has been awarded the Redevelopment Ready Communities (RRC) certification, the Michigan Economic Development Corporation (MEDC) announced today.
The MEDC formally recognizes the city of Wyoming as a Certified Redevelopment Ready Community in Michigan. Wyoming is among more than 50 Michigan communities in all corners of the state that have qualified as “thoroughly prepared” when it comes to planning and zoning to remove traditional barriers and promote opportunities for prospective investors. To see the entire list of Redevelopment Ready Communities, visit here.
“Our mission at MEDC is to support Michigan’s strong economic momentum and empower communities to establish a strong planning, zoning and economic development foundation,” said MEDC Senior Vice President Michele Wildman. “The city of Wyoming is well-positioned to continue to implement their vision for the future and further improve the quality of life for its residents. We look forward to building upon our relationship with the city and supporting local economic development efforts.”
As an RRC participant, the city of Wyoming received a comprehensive assessment that measured current community and economic development practices compared to RRC best practice standards. The program evaluates and certifies communities that integrate transparency, predictability, and efficiency into economic development practices. Certification status is a compelling indicator that a community has removed development barriers and streamlined processes to be more competitive and attractive to investors.
“Receiving the Redevelopment Ready Community certification from the MEDC exemplifies our continued efforts to make development processes predictable, efficient and community-driven,” said City Manager Curtis Holt. “We look forward to collaborating with the MEDC on development strategies that support our partnership with existing Wyoming businesses and prospective employers who are looking to invest in Wyoming.”
“One of the goals of our new Master Plan, Wyoming [re] Imagined, is to retain existing businesses while fostering new growth and investment. The RRC designation positions the city to leverage state economic development tools and other resources that help us take a positive step toward achieving this goal,” said Wyoming Director of Planning and Economic Development Nicole Hofert. “It reflects our continued efforts to work closely with developers to facilitate investment in Wyoming and attract talent to our great city.”
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.