Thursday, February 10, 2005
Michael Shore, MEDC
"These grants help communities bear the high costs of maintaining the vital infrastructure needed to attract major investments and jobs," Granholm said. "The Public Works Program selects the proposals that will have the greatest economic impact for the funding available."
Grant recipients will be selected primarily on their eligibility and the potential impact of the project on the community. Priority is given to projects that are ready to begin construction in the immediate future, have sufficient local matching funding and have completed preliminary cost estimates. The final grant recipients are expected to be announced in late February.
The Michigan Public Works program was created to benefit cities, villages and townships where at least 51 percent of the population is composed of low and moderate income residents as defined by the U.S. Department of Housing and Urban Development. The funds may be used for projects that upgrade existing public infrastructure systems by replacing deteriorating or obsolete systems or by adding capacity to existing but burdened systems.
The program is one part of the Governor's $30 million, two-pronged Grow Michigan Communities Initiative that also includes funding for Michigan's Downtowns and Gateways. Gateways funding may be used for public infrastructure improvements in support of specific, private projects that will result in the creation of jobs and private investment in traditional downtown commercial centers or along major arteries leading into downtowns.
"We are able to employ CDBG funding as an effective catalyst for community revitalization," MEDC President and CEO Don Jakeway said. "I commend local leaders for seeking this funding to improve their communities and make them more attractive to investors and residents alike."
The Michigan Economic Development Corporation administers the state's Community Development Block Grant funds received from HUD. These funds are used to provide grants to eligible counties, cities, villages and townships-typically those with populations less than 50,000-for economic development, community development and housing projects. Larger communities receive block grant funds directly from the federal government. 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.