Stabenow, Peters Announce Funding for Economic Development in Northern MichiganFriday, September 25, 2015
U.S. Senators Debbie Stabenow and Gary Peters today announced that Networks Northwest will receive $51,628 to assist in establishing an economic development planning framework, process, and strategy that supports private capital investment and job creation across Northern Michigan. The funding comes from the U.S. Department of Commerce's Economic Development Administration (EDA).
"Having a regional economic development plan in place will go a long way in attracting new business investment and bringing new jobs to Northern Michigan," said Senator Stabenow. "This support will help Networks Northwest continue developing a collaborative strategy that will benefit communities and families throughout the area."
"My top priority is creating jobs in Michigan and working to foster an environment where all businesses can survive, compete, and succeed," said Senator Peters, a member of the U.S. Senate Committee on Small Business and Entrepreneurship. "I am pleased to announce this funding, which will make critical investments in economic development across Northern Michigan."
"We are so pleased for this financial support from the Economic Development Administration. It helps us each year to advance the economic diversity and strength of Northwest Michigan," said Elaine Wood, Chief Executive Officer, Networks Northwest.
The investment announced today supports the development of a comprehensive economic development strategy (CEDS) for the region served by Networks Northwest, which includes Antrim, Benzie, Charlevoix, Emmet, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee, and Wexford counties. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.
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