U.S. Department of Commerce Invests $872,220 to Boost Industrial Growth in Cedar Springs, Michigan
WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $872,220 grant to the city of Cedar Springs, Michigan, to provide critical infrastructure improvements needed to develop a new industrial park. This EDA grant will be matched with $581,480 in local investment, and is expected to attract an eventual $30 million in private investment, create 80 jobs, and retain 72 jobs.
“President Trump is dedicated to helping communities across the nation build the critical infrastructure they need to support business development and growth,” said U.S. Assistant Secretary of Commerce for Economic Development Dr. John Fleming. “This investment in Cedar Springs will help provide development-ready industrial space needed to attract new businesses and the high-skill, high-wage jobs they create.”
The project will help fund the roadways, and water and wastewater infrastructure to establish the West Street Industrial Park in the City of Cedar Springs. The project will also create 55 acres of development-ready land for future growth opportunities. This project was made possible by the regional planning efforts led by the West Michigan Regional Planning Commission. EDA funds the West Michigan Regional Planning Commission to help bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.
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 makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.