State transportation economic development grant will support 15 new jobs in SchoolcraftContact: Michael Leon, TEDF Program Manager, MDOT Office of Economic Development, 517-241-2568 Agency: Transportation
May 16, 2018 -- The Michigan Department of Transportation (MDOT) has awarded a state transportation economic development fund grant that will support 15 new jobs in Schoolcraft, Kalamazoo County. The Transportation Economic Development Fund (TEDF) Category A grant totaling $132,000 will leverage more than $5,000,000 in private investment, at a private/public investment ratio of nearly 38-to-1.
Chem Link, Inc. is a manufacturer of solvent-free adhesives, sealants and architectural products. The company is planning an expansion and renovation of its facility located at the intersection of East Lyons Street and Angell Street in Schoolcraft. The planned $5,000,000 expansion includes new building space and equipment, resulting in the creation of 15 jobs.
The company identified the current roadway conditions and the need for improvements as one of the factors in their decision whether to expand at the Schoolcraft facility. Angell Street, which provides the only access to the company's loading docks, has become deteriorated due to inadequate width and drainage problems. To address the problem, the Village of Schoolcraft will widen and resurface the roadway, in addition to drainage improvements. This work will allow for improved commercial truck access to the facility and extend the life of the roadway.
"We are pleased the Village of Schoolcraft has received grant support allowing them to proceed with improvements to Angell Street, a road important to the operation of our business," said Chem Link Vice President Tim Kersey. "We appreciate the support of the local community and the State of Michigan as we continue expanding our operations in the area."
The total project cost is $220,000, including $132,000 in TEDF Category A funding and $88,000 provided by the Village of Schoolcraft.
Enacted in 1987 and reauthorized in 1993, the TEDF helps finance highway, road and street projects that are critical to the movement of people and products, and getting workers to their jobs, materials to growers and manufacturers, and finished goods to consumers.
TEDF "Category A" or "Targeted Industries Program" grants provide state funding for public roadway improvements that allow road agencies to respond quickly to the transportation needs of expanding companies and eliminate inadequate roadways as an obstacle to private investment and job creation. Eligible road agencies include MDOT, county road commissions, cities and villages. More information about the program is available online at www.michigan.gov/tedf.