LANSING — Two business expansions and a community revitalization project that will generate a total of $9.4 million in private investment and create 110 jobs have received Michigan Strategic Fund support, the Michigan Economic Development Corp. announced.
The projects are as follows:
- Medbio Inc. received a $180,000 Michigan Business Development performance-based grant to support a $3.5 million expansion of its injection molding operations in Kent County’s Cascade Township that will create up to 43 jobs. Michigan was chosen over competing sites in multiple states. Founded in 2004 in Grand Rapids, Medbio is a contract manufacturer for the medical and biotechnology industries. Cascade Township has offered a property tax abatement in support of the project. Individuals interested in careers with Medbio should visit http://medbioinc.com/careers/.
- Sequris Group LLC received a $500,000 Michigan Business Development Program performance-based grant to support a $5 million expansion of its information security business called the Cyberforce Q Center in Plymouth Charter Township. The company plans to add more than 60 new jobs in the expansion. Michigan was chosen over competing sites nationwide. Cybersecurity professionals looking to expand their careers should visit http://www.sequrisgroup.com/careers.html.
Also, the village of Middleville was awarded $352,850 in Community Development Block Grant funds for the Lofts of Middleville renovation project at 101 E. Main St. in downtown Middleville. Formerly known as the Blough Building, the structure has previously housed retail stores, office and storage space, and a former Masonic Lodge. The exterior of the building will receive a major facelift, including brick repair, new windows and entries, restoration of cast iron posts, cornice repairs and more. The completed project will consist of rental housing and separate commercial space. The village of Middleville is contributing $27,500 in funds from the Downtown Development Authority, and private investment is estimated to be $350,000.
More about the MEDC and its initiatives at www.MichiganBusiness.org.