Tuesday, October 16, 2007
Bridget Beckman, MEDC
(517) 335-4590 or email@example.com
Brownfield Redevelopments to Create 205 New Jobs
Governor Jennifer M. Granholm today announced plans for two major redevelopments in Detroit that will attract more than $1.5 billion in new investment and create as many as 205 new jobs. The projects will benefit from assistance provided by the Michigan Economic Development Corporation.
Marathon Petroleum CompanyDetroit
The venerable Tiger Stadium at the corner of Michigan and Trumbull in Corktown on Detroit
The redevelopments are two of four economic development projects announced by the governor today. In all, they are expected to create 1,639 jobs.
Michigan brownfield programs provide incentives to invest in property that has been used for industrial, commercial or residential purposes and to keep that property in productive use or return it to a productive use. Brownfield incentives can be used for functionally obsolete, blighted, or contaminated property.
"The Detroit Brownfield Redevelopment Authority (DBRA) is excited to be partnering with the State on these significant projects that will bring new investment, employment and improved environmental conditions for the health and safety of the community of southwest Detroit," Detroit Economic Growth Corporation Vice President and authorized DBRA Agent Art Papapanos said.
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