Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Mundy Township, Michigan, for water, sewer, and road infrastructure upgrades in an industrial commercial corridor.
This project will support existing manufacturing businesses, attract new private investment, and create jobs in healthcare, manufacturing, and technology sectors. This EDA investment will be matched with $2.5 million in local funds and is expected to create 400 jobs, retain 50 jobs, and generate $30 million in private investment, according to grantee estimates.
“The Biden-Harris Administration’s Investing in America agenda is spurring business growth by tackling much-needed infrastructure upgrades,” said Secretary of Commerce Gina Raimondo. “This EDA investment will increase the region’s inventory of shovel-ready industrial development sites, allow existing businesses to expand, and build economic resiliency in Michigan for decades to come.”
“The Economic Development Administration is honored to partner with Mundy Township to modernize and expand its commercial infrastructure, helping to further diversify the region’s economic opportunities,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This grant will upgrade critical infrastructure that will ensure that industrial users have the water pressure and truck access they need to operate their businesses.”
“This investment in Genesee County will make critical infrastructure upgrades to drive $30 million of investment and create and retain 450 jobs,” said Governor Gretchen Whitmer. “I am grateful to our federal partners in the Biden-Harris administration for investing in Michigan and building on our economic momentum that’s driven unemployment to a 23-year-low and powered our leading advanced manufacturing economy. Let’s keep working together to help more people and businesses ‘make it’ in Michigan by creating more sites that are ready for investment and redevelopment, secure more good-paying jobs, and build a brighter future for our state.”
“I advocated for this funding because it will help upgrade critical infrastructure while spurring local economic growth and creating hundreds of jobs for Michiganders,” said Senator Gary Peters. “This project is a priority for Mundy Township, and this investment will help them get the job done.”
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.