Friday, May 18, 2007
Michael Shore, MEDC
MEDC Grant Helps Land Supplier Expansion at Wurtsmith
Governor Jennifer M. Granholm today announced a $120,000 grant to Oscoda Township to help finance the rehabilitation of a building at the former Wurtsmith Air Force Base that will house the new North American headquarters of Germany-based Seissenschmidt Group. The company will invest $1.3 million in the project which will create 85 new jobs. The grant is being made available by the Michigan Economic Development Corporation with funds provided by the federal Community Development Block Grant program.
There are 1,655 local governments within the state eligible to apply for CDBG funds administered by the MEDC. Projects are approved contingent upon compliance with state and federal requirements.
The Seissenschmidt Group's forged precision components are used in powertrain and driveline technology by the world's leading automotive manufacturers and system suppliers. Seissenschmidt Corporation was formed in 2001 as the group's North American sales organization.
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 atwww.michigan.org.
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