Monday, February 28, 2005
Michael Shore, MEDC
State Backs 26 New Industrial/Manufacturing Facilities in Romeo
Governor Jennifer M. Granholm today announced that a contaminated and unmanaged brownfield site in Romeo will be redeveloped, creating approximately 1,100 new jobs and retaining 750 more. It will also attract $10 million in private investment as the result of a $1 million Single Business Tax credit approved by the Michigan Economic Development Corporation.
"This is great news for families and businesses in Macomb County," Granholm said. "A blighted and underutilized piece of property is about to be transformed into a center for economic growth and job creation."
"We are extremely happy to see this property developed, after being an eyesore for so many years," Romeo Village Clerk and Administrator Marion McLaughlin said. "The new Romeo Corporate Park will be one of the first for Macomb County, and we expect to see industrial companies and jobs coming into the community that would not have otherwise."
In her 2005 State of the State address, Granholm emphasized the importance of making Michigan a global economic powerhouse in the 21st century. In the past 12 months the Governor and the MEDC announced the creation or retention of more than 82,000 jobs as a result of targeted assistance provided by the MEDC.
"This project in Romeo exemplifies what Michigan's brownfield program is all about-turning unusable property into new investment and opportunity," MEDC President and CEO Don Jakeway said. "Redeveloping this site will not only boost the local tax base, but it will boost the quality of life for hundreds of area families."
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.