Wednesday, July 19, 2006

$26.7 Million investment coming to 3 Michigan communities
Isn't it time for a "jobs clock" of our own?

I don't know if the MIGOP is still using theirs (last I heard it was damaged), but almost every single day I see a story like this. It would be nice to see a running total somewhere.


Governor Granholm announced Wednesday that underutilized properties in Grand Rapids, Manistee and Traverse City will be transformed into new housing, retail, commercial and office space at a cost of $26.7 Million.

The Governor says the projects will create more than 80 new jobs and revitalize communities.

"Making our communities attractive places to work and live is critical to growing Michigan's economy," Granholm said. "These projects will revitalize underused sites to draw new investments, jobs and people into these three communities."

The projects are being backed by brownfield redevelopment assistance from the Michigan Economic Development Corporation.

A total of 7 economic development projects are in the works. In all, they are expected to create and retain a total of 1,666 Michigan jobs.

More help coming to Heartside, including some affordable housing for the disabled. Good deal- the area is becoming pretty upscale, and I worry about the people already there being forced out of that neighborhood.
KBC Limited Dividend Housing Association LP, Grand Rapids: State and local tax capture valued at $385,000 will help make way for the redevelopment of a vacant lot at 40 and 60 South Division Avenue in the city's Heartside Historic District, a Cool City Neighborhood designee. The $16.7-million mixed-use development will include two live/work apartments with attached studio space, 15,375 square feet of commercial space, 116 affordable housing units with supportive services for mentally and developmentally disabled residents and a parking structure. The project is expected to create 11 new jobs.