Economic Development

Coverage of projects, big and small, and the people who create them, which promote the economic health of a community, including manufacturing, retail, office, and hospitality developments.

New philanthropy partnership brings in $2.7 Million

Southwest Michigan businesses, residents, foundations, schools and others put their money behind a new fundraising partnership meant to bring additional services to people needing help.The Lifeline Initiative grew out of a partnership between Kalamazoo Community Foundation and the Greater Kalamazoo United Way.Leaders of the two organizations conceived the initiative in response to the economic downturn. Through the initiative, about $4 million dollars over the next three years will be invested in local programs that address joblessness, emergency food assistance, emergency shelter and transitional housing, and health care access.Over the last eight months, more than $2.7 million was raised."Kalamazoo's charitable spirit is alive and well. ... People and organizations that care deeply about our community have stepped forward to support this effort...," Juan Olivarez, president and CEO of the Kalamazoo Community Foundation, says.His comments came during a Feb. 9 announcement of the partnership and its outcome.The Lifeline Initiative is described as a "unique and targeted collaborative fundraising effort" that took care not to adversely affect other charities."Our board leadership wholeheartedly endorsed the partnership between the Community Foundation and the United Way. We are proud to partner with the Community Foundation, and we are pleased to be a part of this unique and powerful response to help address the increased needs of our community," says Mike Larson, president and CEO, Greater Kalamazoo United Way."These funds will have an immediate impact and will play a major role in helping to address the increased basic a human needs we have witnessed in our area. While we applaud and thank both boards for their vision and leadership, the true credit for this effort goes to the incredibly generous donors who saw the need, and responded with tremendous compassion and generosity."The effort won't end here, they say.Community Foundation and United Way officials expect additional donations from donors who have expressed an interest in long-term support.  This is only first grant-making cycle for community investments from the Lifeline Fund, they say. Writer: Kim North Shine Source: Community Foundation, Greater Kalamazoo United Way

Latest in Economic Development
Kalamazoo and People’s Food Co-Op partner on $1.7 million expansion

People's Food Co-Op, a 40-year-old natural grocery business currently at 436 S. Burdick St. in Kalamazoo, is working with the city's Brownfield Redevelopment Authority to relocate and expand into a block-long, mostly food-business development at 507 Harrison Street in the River's Edge district.People's Food Co-Op will build a larger 6,000-square-foot building and hire at least six part-time employees. The new store would be located near MacKenzie's Bakery and One Way Products, two other brownfield relocation and redevelopment projects meant to make the most of land that was contaminated by a paper factory while also bringing cohesiveness to similar businesses.The new facility will increase People's Food Co-Op by more than four times its current size and will make room for a larger prepared foods section, with seating, as well as the addition of a fresh meat section and expanded local and organic produce, grocery, bulk foods, frozen, and refrigerated items.By expanding its storefront, the Co-Op expects to increase the amount it purchases from local farms and processors by more the $100,000 it spent in 2009 and to expand on existing programs, including the relocation of the 100-Mile Farmers Market to the new site. In addition, the project will include 1,400 square feet of space to be leased to Fair Food Matters' Can-Do Kitchen, a food business incubator which will expand their support of local entrepreneurs in the creation of unique products for resale.People's Food Co-Op is a community-owned business with over 750 individuals and families owning a shares and receiving discounts and rebates as a return on their investment.People's Co-op hopes to raise at least $450,000 in loans and equity from owner-members."We are so excited to be able to offer a way for the community to invest in good food, in local farming, and in our own economic success" says Chris Dilley, General Manager of People's Food Co-Op.Writer: Kim North ShineSource: City of Kalamazoo, People's Food Co-Op

Japanese battery producer picks Battle Creek, 50 to 60 jobs expected

A Japanese battery producer has picked Battle Creek for its first foray into the U.S. market. It plans to create 50 to 60 new jobs, a $70 million "green tech" manufacturing plant and then some. A plan to produce lithium-ion vehicle batteries at a soon-to-be-built facility in Battle Creek became official Feb. 16 when Toda America Inc., a subsidiary of Toda Kogyo Corp. in Japan, finalized a $35 million award from the U.S. Department of Energy, letting locals, Michigan and the U.S. play a part in the electrification of cars and other vehicles. Toda will match the $35 million award from the DOE in order to build the plant at Battle Creek's Fort Custer Industrial Park, a site where pre-construction preps such as environmental remediation have already begun. "The Toda project contributes triple benefits of strategic acceleration of U.S. electrification of vehicles, immediate creation of green tech jobs, and redevelopment and reuse of existing industrial land in support of urban revitalization," says David Han, president of venture development firm Turtlerock Greentech, and a consultant to Toda. Construction on Phase 1 of the Toda plant will begin in one to two months and the plant will begin operating by February 2011. The plant will manufacture cathode materials for lithium-ion batteries for electric and non-electric vehicles. It is currently a leading manufacturer of cell phone and computer batteries. The company, which is working with the Department of Energy as part of the Reinvestment and Recovery Act, is receiving other economic development incentives from the City of Battle Creek and the State of Michigan. Both worked to convince Toda to choose Battle Creek over several other cities. The plant will expand in phases through 2013, eventually producing 4,000 tons of finished products each year at a total sales volume of about $130 million. The Michigan Department of Economic Development says 50 to 60 direct new jobs will be created at the plant and up to 148 new jobs, including 91 indirect jobs, will result from the construction and operation of the plant. "This is a critical step for Toda Kogyo Group in our quest to maintain our global leadership as the premier supply chain partner to both battery and electric vehicle manufacturers around the world," Junichi Nakano, President and CEO of Toda America, said in a statement released last week. Writer: Kim North Shine Source: PRNewswire

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