Wednesday, January 12, 2005
Michael Shore, MEDC
$2.1 Million Investment Will Create New Jobs
Governor Jennifer M. Granholm today announced that the state will support Zimmer Marble's expansion in Jackson with a Single Business Tax credit valued at $210,000 approved by the Michigan Economic Development Corporation. The $2.1 million project is expected to create 10 new jobs.
"This is a win-win for Jackson," Granholm said. "Zimmer will be able to grow and Jackson gets a property restored to productive use, new investments, and more jobs."
The SBT credit will be used to help redevelop contaminated property located at 1812 River Street for the Jackson-based manufacturer and wholesaler of cultured and natural marble products for kitchen and bath retail stores.
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.
"Reusing challenged brownfield properties is a key to the future economic health of our communities," MEDC President and CEO Don Jakeway said. "The more properties like this we can transform, the less green space we will use and the more attractive our urban centers will be to investors."
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.