Thursday, February 03, 2005
Michael Shore, MEDC
Public Improvements Back Renovation Project to Create 20 New Jobs
Governor Jennifer M. Granholm today announced $262,845 in community funding has been awarded to the village of Calumet for public streetscape and road improvements in support of a major downtown renovation project expected to create 20 new jobs.
"A key attraction of cool cities everywhere is great places for people to meet and socialize," Granholm said. "The sidewalk and parking improvements will create a more visitor-friendly downtown Calumet to encourage tourism and attract new residents."
The grant is being made available by the Michigan Economic Development Corporation with funds provided by the federal Community Development Block Grant Program.
Private investors will spend an additional $270,000 renovating an existing building on the 600 block of Oak Street to create Carmelita's-a southwestern grill restaurant. The village will contribute an additional $30,000 to support the project.
"The village of Calumet is pleased with Governor Granholm's announcement of the Community Development Block Grant," Village President Anthony Bausano said. "This will be a tremendous help in the development of the historic Oak Street corridor. The renovated street, lights and sidewalks will add even more ambiance to the character of the village." said
The Michigan Economic Development Corporation administers the state's Community Development Block Grant funds received from the U.S. Department of Housing and Urban Development. These funds are used to provide grants and loans 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.
"This project will have a wonderful impact on Calumet's already unique downtown," MEDC President and CEO Don Jakeway said. "Ample parking, attractive streets and sufficient roads are absolutely essential to making downtowns magnets for new development and jobs."
The MEDC is able to award approximately $50 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.
In her 2004 State of the State address, Governor Granholm announced her plan to make Michigan a global economic powerhouse in the 21st century. In 2004 the Governor and the MEDC announced the creation or retention of more than 54,000 jobs as a result of targeted assistance provided by the MEDC. Overall during 2004, the Governor announced the creation or retention of some 130,000 jobs by all state agencies.
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.