Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) in announcing Michigan Strategic Fund (MSF) approval of projects, including a business expansion by a global life sciences provider in Muskegon, community revitalization projects in Detroit, Battle Creek, and Sault Ste. Marie, and support that boosts Michigan’s agribusiness industry.
The projects approved today represent a total capital investment of nearly $500 million.
“Today’s approvals will continue to grow Michigan’s economy by creating good-paying jobs for Michiganders while expanding on our leadership in the life sciences and agribusiness sectors,” said Governor Whitmer. “We will continue to put Michiganders first by investing in our talented manufacturing workforce, helping our communities build thriving downtowns and economies, and providing opportunities for innovative businesses to grow and thrive here in our state.”
In Sault Ste. Marie, CHN Annex Limited Partnership and Community Housing Network, Inc. plan to rehabilitate a historic building in downtown Sault Ste. Marie. When completed, the project will include 11 market-rate apartments, along with landscaping and parking. The project will activate an important historic building into much-needed housing in downtown Sault Ste. Marie. In addition, the apartments will add new residents to the downtown district who will support existing small businesses and will serve as a catalyst for future investment in the area.
The project is expected to generate a total capital investment of $3.2 million, supported by a $1.3 million Michigan Community Revitalization Program performance-based grant. The Sault Ste. Marie Downtown Development Authority will contribute $7,000 to the project for the completion of a mural to be hung on the building. The mural showcases local historic imagery throughout the downtown.
“Community Housing Network is thrilled to be providing this investment to the Sault Sainte Marie community,” said Community Housing Network Vice President of Real Estate Shelley Brinkmann. “We are thankful to the MEDC as this exciting development wouldn’t be possible without this grant.”
In 2020, the Sault Ste. Marie Historic Commercial District was listed in the National Register of Historic Places. Administered by the Michigan State Historic Preservation Office, the National Register of Historic Places is the United States federal government’s official list of districts, sites, buildings, structures, and objects deemed worthy of preservation for their historical significance. The city of Sault Ste. Marie is engaged with MEDC’s Redevelopment Ready Communities (RRC) program.
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