LANSING, Mich. – Today, Gov. Whitmer announced that the U.S. Secretary of Commerce’s Economic Development Administration (EDA) is awarding a $6 million grant to the Midwest Energy Cooperative in Cassopolis, Michigan to construct the needed road, sewer, and water infrastructure to support the 234-acre Southwest Michigan Advanced Research and Technology Park (SMART Park). This EDA grant, to be matched with $6 million in local funds, is expected to create 248 jobs and generate $14 million in private investment.
“We are grateful to our federal partners for investing in Michigan by supporting the Southwest Michigan Advanced Research and Technology Park,” said Governor Whitmer. “This grant will help us continue to usher in a new era of prosperity by creating 248 jobs and generating $14 million in private investment, making a lasting positive impact on our communities.”
“President Biden is committed to supporting local efforts to create new jobs and opportunities in communities impacted by nuclear plant closures,” said Secretary of Commerce Gina M. Raimondo. “This investment leverages Cass County’s assets – high-skilled workforce, access to major rail and fiber broadband – to attract new businesses and build regional economic resilience.”
“The Economic Development Administration is pleased to support Midwest Energy Cooperative’s efforts to build an industrial and tech park that will create much needed, good-paying jobs,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This investment will diversify the local economy by attracting high-tech companies involved in the critical solar, fiber optics, data-hosting, agriculture and food sectors as the region prepares for the closure of the Palisades Nuclear Plant.”
This project is being funded under EDA’s Assistance to Nuclear Closure Communities program. Closures of nuclear power plants throughout the United States have had a significant impact on the economic foundations of surrounding communities through sudden job losses and a reduction to the local tax base. EDA has a history of success working with communities facing structural economic adjustments to diversify and strengthen their economies for the future, including those impacted by nuclear power plant closures.
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.