Today, more than $87. 5 million in grants have been awarded to 18 projects across Michigan as a component of the state’s Strategic Site Readiness Program (SSRP). Thanks to SSRP’s investment and collaboration with local, regional, and energy components, Michigan communities now have greater economic benefits. Progression opportunities to your business progression efforts.
“These grants will fund 18 projects across Michigan, allowing us to win more production projects that will create thousands of good-paying jobs,” said Governor Gretchen Whitmer. “Together, through a physically powerful bipartisan economic progression toolbox, we are competing with other states and nations to recover blank cars, chips, and power supply chains. We will do this while making Michigan communities, from cities large to small, better places to live, work, and invest.
The Michigan Economic Development Corporation (MEDC) won more than 70 programs totaling $420 million in requested funding, more than 4 times the SSRP allocation. Funding awarded in nine of the state’s ten pro-consistent regions, representing at least one grant for each region applied. Of the 18 winners, 10 are abandoned sites that will get 49 percent of the prize funding; the other honorees are brand new sites spread across the state.
The remaining budget of the SSRP’s $100 million overall allocation will be used for programs that require more time and evaluation, additional desires that may manifest later in the year, and to make budget available for sites entering the Site Readiness Certification Program. , which is scheduled to be launched this year.
Due to the high demand for limited funds, DECM submitted a list of programs known as brownfields to the Michigan Department of the Environment, Great Lakes, and Energy for attention and possible assistance.
“With the business landscape restarting lately in the U. S. , the U. S. is not going to be able to do so. “””The U. S. Workforce, communities, and economic advancement agencies that proactively prepare business sites and exercise the workforce will be the winners of this race, the ultimate results of which will determine which states and regions will drive equitable economic prosperity for the next 20 to 30 years,” said Maureen Krauss, president and CEO of the Detroit Regional Association. “The MSF Board of Directors’ approval of the Strategic Site Preparedness Program is critical to Michigan’s success, and Detroit’s regional partnership aligns with MEDC through our Verified Industrial Properties (VIP through DRP) program to aid our region’s commitment to prepare more sites to help Michigan earn its percentage of critical task creation projects.
“On behalf of the MEDC, it is exciting to be able to support local communities in their business development efforts as they bring forth sites of all sizes to prepare for economic development opportunities in their region,” commented Terri Fitzpatrick, MEDC Executive Vice President and Chief Real Estate and Global Attraction Officer. “Thanks to Governor Whitmer and the Michigan legislature’s continued efforts to attract business developments and grow the state’s economy, these site readiness projects across Michigan will create meaningful impact throughout our state. While this is a good start, the demand remains substantial and will require continued funding for years to come.”
Here’s a more in-depth look at some of the SSRP projects across the state:
The construction of a business park in Hancock, Michigan, will help expand and diversify the economy of the Houghton/Hancock area, according to the Region 1 Strategic Plan. This new park builds on the fortunes of nearly all of Industrial Air Houghton County Park. . Memorial Airport. This allocation will complete the required infrastructure, increase the site’s electricity, fuel and water capacity and remove the final hurdle to the site opening later this year.
“On behalf of the City of Hancock, we are thrilled to secure the investment from the MEDC Strategic Site Readiness Program for our 40-acre Hancock Technology and Business Park,” said Mary Babcock, City Manager for the City of Hancock. It will pave the way for the creation of ready-to-use sites, fostering new opportunities for businesses to thrive and grow. As a small network with limited resources, this is a vital step forward – a game-changer not only for Hancock but also for our neighboring communities.
The Covenant Business Park site is one of the premier sites in west Michigan in terms of infrastructure, freeway access and community support for a project. Bringing utilities to this site is critical to the marketability of the site and the proposed structure includes 50% of total project costs coming from non‐MEDC funds and includes a contribution from the property owner. Infrastructure improvements include increasing utility capacity to the site. The Right Place will work with the developer on funding gaps.
“We’ve long sought to make this site a hub for good-paying job opportunities, and this grant will help make that a reality,” said Lowell Township Supervisor Jerry Hale. “Not only will this solidify Lowell’s dominance as a destination of choice for businesses looking to expand into West Michigan, but it will also catalyze more quality-of-life services, such as public recreational spaces and housing options. In addition, it is sure to have a positive effect on local businesses in the domain, adding the Lowell center.
Like the old Buick City site in Flint, the Flint Commerce Center is a primary abandoned site that has been presented to many potential employers. This allocation will particularly improve the market price of the site by mitigating some of the serious dangers known to prospective users who have selected other sites. Site preparation includes the removal of underground utilities, concrete slabs and foundations, as well as upgrading the sewer system.
“Redeveloping residential areas is not an easy task, but it is for the good fortune of communities like Flint, and we are grateful that our partners in the state of Michigan are noticing it,” said Tyler Rossmaessler, executive director of Flint.
The Lansing RACER Trust Plant 6 site is an abandoned site that is poised for one of the most significant allocations of the entire state’s regression. Currently constrained by a number of hazards from the site selector’s perspective, this assignment will help the City of Lansing cope. with those issues and make the site more marketable. Site preparation includes removal of underground utilities, demolition of old structures, site due diligence, and progression of remediation plans for long-term use of the site.
“Lansing is a state-of-the-art production network and we’re proud of that legacy,” said Lansing Mayor Andy Schor. “The conversion of the former GM Fischer Body plant, now owned by the RACER Trust, is a great opportunity for the city. This is an area that can be used for a variety of production options, but it is costly to leave assets blank and prepare them for reuse. I am incredibly grateful for the dollars provided through Governor Whitmer and the MSF Board of Directors. to make this vital site in a marketable position for many new and exciting opportunities here in Lansing. “
“Our most sensible priority for the region is to drive progress by filling the gaps,” said Bob Trezise, president and CEO of LEAP. “We are thrilled to see the beginning of progress on this challenging urban commercial site, and we are committed to supporting the City of Lansing in this effort.