LANSING —The Michigan Economic Development Corp. today announced Michigan Strategic Fund approval of economic development and community revitalization projects that in total will generate nearly $148 million in new capital investment and create 352 new jobs in Southeast Michigan.
“These new investments in Southeast Michigan are strong additions that will revitalize communities and bring new jobs for our residents,” said Gov. Rick Snyder. “We have bettered our state’s business climate and our efforts are showing solid results. These new investments will mean greater economic opportunities for Michigan businesses and citizens.”
The MSF-approved projects include an expansion of Toyota’s facility in York Township, three new multi-family housing developments in Detroit, and two brownfield work plans for business expansions in Detroit, and Redford Charter Township.
“Today’s projects, all examples of public-private teamwork, will help strengthen communities and help growing companies generate new job opportunities,” said MEDC President and CEO Michael A. Finney. “The scope of these deals tells us much about Michigan’s comeback.
“Toyota is making a significant investment to grow its tech center workforce here. And far-sighted developers are restoring neighborhoods with two dozen new buildings that will create a walkable mix of residential, commercial and retail spaces along Detroit’s riverfront.”