Thursday, November 16, 2006
Michael Shore, MEDC
Japan-Based Company to Invest $26.8 Million, Create 100 New Jobs
Governor Jennifer M. Granholm today announced a $1 million grant to the city of Hudson in Lenawee County to support a Hi-Lex Manufacturing expansion that is expected to create 100 new jobs. In October, the Governor announced the company is investing more than $26.8 million in its Hudson and Litchfield facilities thanks to a Single Business Tax credit approved by the Michigan Economic Development Corporation (MEDC).An MEDC representative presented a ceremonial check to city officials at a celebration event in Hudson this morning.
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 at www.michigan.org.
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