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Wednesday, 29 August 2012 15:27

GR, Muskegon partnership unlocks new incentives

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The Michigan Economic Development Corp. gave formal approval to a regional economic development partnership between communities and groups in the Grand Rapids area and Muskegon.

The West Michigan Economic Partnership consists of The Right Place Inc. in Grand Rapids, Muskegon Area First and seven area local units of government: Kent County, City of Grand Rapids, City of Kentwood, City of Wyoming, Cascade Charter Township, City of Muskegon and Muskegon County, plus Gerald R. Ford International Airport.

Created by The Right Place and Muskegon Area First in February 2011, the partnership works to market and drive development of strategic real estate parcels served by two or more modes of transportation infrastructure in Muskegon and Kent counties, such as the former GM stamping plant in Wyoming that has easy access to highways and rail service, or sites in Muskegon with access to a deep-water port.

Eligible companies may use additional property and investment incentives under the new partnership.

“This new partnership between Muskegon and Kent Counties will open new doors for investment, jobs, and growth throughout the region,” Muskegon Area First President and CEO Ed Garner said.

As one of only five partnerships in the state allowed under the current legislation, these seven municipalities “now have a unique set of marketing and incentive tools to support new investment and the creation of jobs in their communities,” said Rick Chapla, vice president of business development for The Right Place.

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