Senators Stabenow, Levin Announce $1.2 Million Grant for Village of LAnseThursday, September 25, 2014
The Village of L'Anse will receive a federal grant of $1,281,910 from the Economic Development Administration, U.S. Sens. Debbie Stabenow and Carl Levin announced today. L'Anse will use the funds to support the development of the new US-41 L'Anse Industrial Park.
"Today's announcement is great news for Baraga County," said Stabenow. "This critical investment brings together private-public partnerships to help businesses create new jobs and make the Upper Peninsula an even better place to do business."
"This grant is an important step in helping L'Anse provide opportunity for Michigan businesses and Michigan workers," Levin said.
While Baraga County has three publicly owned industrial parks, two of them are at capacity and the third does not have a lease-to-own option. Improvements to the L'Anse industrial park will address the demand for industrial space and allow for expansion, recruitment of additional tenants, and opportunities for investment in the region and job creation.
The EDA investment will help pay for the construction of roads and utility infrastructure. Once completed, the industrial park will provide space for the growth of manufacturing in L'Anse and Baraga County. It is anticipated that 84 jobs will be created and $4 million in private investment will follow. The total cost of the project is $1,831,300.
EDA grants are awarded through a competitive process.