Elizabeth Masserang, regional manager of brownfield and economic incentive services at PM Environmental in Berkley, has been appointed a director on the board of the Economic Development Corp. (EDC) of Oakland County.
“The Oakland County EDC’s mission is to focus support on investment in Oakland County municipalities. As an Oakland County resident myself, I’m very excited for this opportunity to become more involved in supporting projects within my community,” says Masserang.
EDC Oakland County is a reliable partner among lenders and businesses, established in 1980 under Act Number 338 of the Michigan Public Acts of 1974. EDC’s mission is to stimulate business capital investment, contribute to the area’s employment, increase the local tax base, and provide needed public services.
To achieve these goals, EDC’s Tax-Exempt Revenue Bond Program assists both manufacturing businesses and 501(c)3 nonprofit organizations in strengthening and revitalizing the economy through loans for capital expenditures. It has the authority to acquire property, develop land, construct buildings, and finance equipment and machinery.
“I was thrilled when a representative of the OC-EDC contacted me about this important appointment. I had a sense they already knew who this candidate would be and that I would think the same and Elizabeth was the only choice on top of being the best candidate for this prestigious appointment,” says Michael Kulka, CEO and co-founder of PM Environmental. “PM has had a long-standing relationship with the county as a strategic vendor to their economic growth initiatives.”
Since she began in PM’s economic incentives department, Masserang has successfully secured over $130 million to assist in brownfield plans, tax abatement, and grants within the southeast Michigan region. These funds facilitate the redevelopment of contaminated, blighted, or functionally obsolete properties that would otherwise be left vacant and unusable.