Edit

Gordon Food Service and Founders Brewery to Benefit From Brownfield Credits

LANSING, Mich. (August 17, 2010 - WZZM)—Governor Jennifer M. Granholm today announced that the Michigan Economic Development Corporation (MEDC) is helping nine companies grow in Michigan and backing two brownfield redevelopment projects.

Combined, the governor says that the 11 projects are expected to create and retain 2,912 jobs (1,258 direct new jobs) and generate $113.6 million in new investment in the state.

In West Michigan, Gordon Food Service in Wyoming will get state brownfield tax credits valued at approximately $6 million to support the consolidation of the company's Canadian operations and restructure its Wyoming campus to increase efficiency and provide space for future growth. The project will redevelop four parcels on 50th Street, including the demolition of functionally obsolete structures, infrastructure improvements and the construction of a new 150,000-square-foot office building. The project is expected to generate $24.2 million in private investment and is expected to create up to 173 new jobs and to retain 50 jobs.

The state says that the city of Wyoming is considering an abatement with an estimated value of $75,000 in support of the project.

The City of Grand Rapids will also receive state and local tax capture valued at $561,700 to support a brownfield project to redevelop property at 248 Williams SW that will allow the Founders Brewing Company to expand its existing facilities. The project is expected to generate $6.6 million in new capital investment and create up to 15 new jobs.

Trending

More from our partners