Monday, October 22, 2007
Bridget Beckman, MEDC
MEDC assistance backs project creating 25 new jobs
l Community Development Block Grant program. State Representative Mike Simpson joined an MEDC official to present a ceremonial check to city leaders today.
The city will use the funding to help finance munic
The city of Eaton Rapids will support the project with a $13,010 contribution to the project through its Local Development Finance Authority (LDFA).
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 atwww.MichiganBusiness.org.
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