Current News

Interested in receving our newsletter via email? Please fill out this form and we'll add you to our list of recipients.

Download the 2009 SEDP Annual Report / 2010 Business Plan  (PDF)

Machine Tool & Gear Awarded Incentive from Corunna City Council to Support Business Expansion

The Corunna City Council recently approved a 12-year, 50% property tax abatement for Machine Tool & Gear, Inc, a supplier of both precision machined and precision manufactured products and assemblies for the transportation industry, for growth at their facility in the Corunna Industrial Park.
 
In response to an increase in new business from tier 1 automotive suppliers, the business is making a $1,956,000 capital investment in machinery and equipment, with this effort creating 20 new jobs and retaining 19 existing jobs. The company currently employs 252 workers, making it the largest manufacturing employer in Shiawassee County.
 
"We are excited about the positive economic gains these investments will generate for all parties concerned," said Machine Tool & Gear Group General Manager John Aldrich. "Machine Tool & Gear looks forward to being in Corunna for many years to come," Aldrich added.

"The City of Corunna is very pleased to see the ongoing commitment by Machine Tool & Gear to our community. As Shiawassee County's largest manufacturing employer, we are all invested in their continued success," said Corunna City Manager Joe Sawyer.
 
"This announcement by Machine Tool & Gear is indicative of a rebounding manufacturing climate in Shiawassee County, and we are excited and thankful to them and the Corunna City Council and staff for working together to support business and job growth in the community," said Shiawassee Economic Development Partnership President/CEO Justin Horvath, who spoke in support of the project at the council meeting.

Premier Waste Services Opening "Green" Recycling Facility in Owosso

Local waste hauler Premier Waste Services announces it is now offering a comprehensive recycling program to serve surrounding residents in the Owosso community and throughout Shiawassee County.
 
"We feel there has been a void in recycling opportunities for this area, and are excited to be able to provide this service to both residents and businesses. Everything recycled gives us a greener future for generations to come," said company President Brent Kilpatrick.
 
The facility will offer a FREE drop-off site for the following items: newspaper, cardboard, clear glass, #1 PETE clear bottles, #2 HDPE bottles, (ex. Milk jugs and laundry detergent containers) and tin or aluminum cans. Their new location is located at the intersection of Chestnut and South Sts in Owosso. Curbside pick up will be available in the months to come for $6.00 per month and will include these same items.
 
Premier Waste Services worked with the City of Owosso, Shiawassee Economic Development Partnership (SEDP) and FirstBank-St. Johns on project assistance, which included the Owosso City Council authorizing the sale of a city-owned parcel to locate the newly constructed home of the recycling center.
 
"It is great to see one of our local companies bringing this service to residents," said Owosso Mayor Ben Frederick.  "One of our Blue Ribbon Report's key initiatives was the promotion of a greener Owosso.  The free drop off site and cost effective curbside option are welcome alternatives to a taxpayer-funded city program during a time of tough budgets.  I wish Premier Waste all the best in their efforts to promote recycling while creating jobs."
 
"This endeavor falls in line with a national trend toward growth in 'green' businesses that provide goods and services that positively impact the environment," says SEDP President/CEO Justin Horvath.
 
The company currently has four employees and hopes to add a few more as the recycling continues to grow with the rest of the company. "This endeavor will certainly have a strong benefit to the local community on multiple levels," Horvath added.
 
For more information on recycling services, contact Premier Waste Services at 989-723-2526 or visit their website www.premierwasteonline.com.

Innovative CityCenter Program Launched in Owosso

Michael Flores, Independent Newsgroup owner, and his daughter, Alisha Thibodeau have launched a new community development program, CityCenter. An online interactive mapping website, CityCenter was created to help small businesses and communities have access to the high-end branding options that are normally reserved for larger businesses and cities.
 
By linking in, the businesses and organizations are given the benefit of an individual strong web presence while simultaneously marketing the entire Owosso community. Those that choose to link into CityCenter will benefit from expanded exposure on state and national levels.
 
Flores and Thibodeau are both deeply ingrained in the marketing industry. Flores has owned and operated the Independent Newsgroup for 23 years. Thibodeau holds a BS in Communications and Marketing. She is currently working toward her MPA at U of M- Flint.
 
Their constant commitment to helping small businesses and organizations succeed led to the concept of CityCenter. "While traveling, I had to dig through five to 10 sites in order to find relevant information about the community," says Flores. This revelation got him thinking that there had to be a way to nest all of the community information in one place and market a community as a whole unit.
 
CityCenter, a proprietary program, was developed after a year of brainstorming on the best possible way to achieve the main goal: to provide business owners and rural community organizations with high-end branding and marketing options intended to simultaneously draw outside foot traffic and capitalize on the local market.
 
Throughout the incubation period of CityCenter, there have been several key community members that have been a tremendous help and support.
 
Memorial Healthcare and Baker College of Owosso have demonstrated exceptional insight and support to the community of Owosso through their willingness to support CityCenter in its inception phase.
 
Justin Horvath and Brent Jones of the Shiawassee Economic Development Partnership have provided invaluable time and help with market research and concept development. Alongside the SEDP, the Shiawassee Regional Chamber of Commerce and Owosso Main Street saw the value of CityCenter early on and have provided support and help.
 
The Cook Family Foundation has imparted guidance for future development and project support.
 
The CityCenter site is brought to you courtesy of area advertisers who have a passion for the development of Owosso. Thank you for supporting them. Please take advantage of their specials and let them know that you support CityCenter.

Commitment to Water & Sewer Infrastructure Necessary to Support Job Retention & Creation

Below is a copy of a "letter to the editor" recently released to our local newspapers:

The City of Corunna and City of Owosso recently announced efforts to strengthen their respective water and sewer systems. These moves are a vital component of making Shiawassee County attractive as a business location, and they should be commended for their work.
 
Existing industry is getting back on its feet in this community, orders are picking back up, and more people are going back to work. As production ramps up, quality water and sewer access is a major requirement for many of these businesses. Now more than ever, our local governments must be committed to providing them with the resources necessary to succeed.
 
In addition to supporting our current employer base, these steps (particularly the City of Corunna's infrastructure expansion to industrial properties on Parmenter Rd) will help to facilitate new business attraction. Rather than just having a piece of land available for development, it must also be properly zoned and have infrastructure at the site to interest the business community today. Time is money for them, and having these pieces in place saves them time.
 
Corunna and Owosso's actions also demonstrate an investment for the future. Water resources will continue to become scarcer across this nation and world; regions with water availability will become more attractive for people and business. I would also be remiss if I did not mention that every other community in Shiawassee County with water and/or sewer systems has undertaken significant improvement projects in recent years. It is also encouraging to see local municipalities have discussions and implement sharing of water; we strongly support this cooperation. Long-term, these endeavors give us a competitive advantage with drier locations that are seeing the most growth now, like Atlanta, Las Vegas and Phoenix.
 
Ultimately, job creation and job retention is top of mind for most people in Shiawassee County today. Know that your local government's investments in water and sewer systems are part of helping make the local job situation better for today, and better for the future.
 
Justin Horvath, President & CEO
Shiawassee Economic Development Partnership

enXco Looking at Developing 200 MW Wind Project in Shiawassee County

Below is an article from a business currently seeking to develop a wind project in Shiawassee County:

As many landowners, communities and farmers struggle in recent years to make ends meet with a faltering economy, a new crop has sprung up on landscape across the country. Wind turbine generators have been dotting the Midwestern landscape since the early 1990's and now may be coming to Michigan. enXco Development Corporation, a leader in the wind energy industry, is looking to Shiawassee County to develop and build a 200 MW wind project. enXco expects a project of this size to contribute over $80 million dollars to the local community though landowner payments, salaries and an increased tax base over the project's lifetime. 

Wind energy creates new jobs in rural communities in manufacturing, construction, transportation, and operations and maintenance. During the development and construction phase of a wind project, many jobs are generated to work as road builders, cement suppliers, electricians, crane operators and general contractors. Landowners who participate in wind projects also receive compensation for hosting and participating in the project. Counties are also positively impacted by wind energy projects. Increased tax payments from wind projects provide needed revenue to communities for building new schools, roads, bridges, and other community infrastructure. If you have questions about the proposed Shiawassee Wind Project, please contact the Midwest Development Office at 1-866-321-WIND (9463).

Steam Railroading Institute Announces New Financing Collaboration with Chemical Bank, Begins Fundraising Efforts to Support 1225 Maintenance and SRI Sustainability

The Steam Railroading Institute (SRI), home of the famous Pere Marquette Steam Locomotive No. 1225, announces two endeavors to maintain and grow its operations in Owosso.
 
They have recently formulated a new financing relationship with Chemical Bank.
 
"We are excited to begin working with Chemical, and thank them for providing us support with the capital necessary for business success," said SRI Director T.J. Gaffney. "This move clearly strengthens our financial position going forward," he added.
 
"Chemical Bank takes pride in supporting local businesses and non-profits throughout Shiawassee County. As a full-service Community Bank, we continue to expand and prosper in Michigan and as a result, are able to assist in the growth and strength of local companies such as the Steam Railroading Institute," said Kim Renwick, Commercial Lender for Chemical Bank.
 
The SRI worked with the Shiawassee Economic Development Partnership and the Shiawassee Regional Chamber of Commerce's Small Business & Technology Development Center satellite office to provide support on business planning and networking with local banks, which generated the connection with Chemical Bank.
 
"The Steam Railroading Institute represents the top destination tourism business in Shiawassee County, and it is vitally important to have them prosper financially," said SEDP President/CEO Justin Horvath. "This new collaboration between the SRI and Chemical Bank is a major step in achieving this goal," he added.
 
In addition, the non-profit organization announces that they are working on a new fundraising campaign to support costs associated with an upcoming mandated boiler inspection by the Federal Railroad Administration.
 
Earlier this year, the Steam Railroading Institute received notice of a Conditional Commitment for a federal Transportation Enhancement Grant to be administered through the Michigan Department of Transportation. In order to receive this grant, SRI is required to raise approximately $300,000 of matching funds to begin the work to bring #1225 back into service. At the same time, SRI is looking to raise additional funds for the continued long term sustainability of the organization. The SRI is hoping that local businesses, corporations and residents recognize the value of the 1225 in the community, and will provide financial support for the match.
 
"The Steam Railroading Institute and 1225 bring a lot of money and people into Owosso and Shiawassee County, providing a strongly positive economic impact on the region," said Gaffney. "We view this campaign as an investment in our community's economic future," he added.
 
"The SRI and the 1225 are extremely important to our city," said Owosso Mayor Ben Frederick.  "The SRI helps put Owosso on the map as a tourist destination for train enthusiasts from around the world, as was evidenced by the wildly successful train festival last year. We are proud to have them here and wish them continued success in their efforts," Frederick added.
 
The Steam Railroading Institute (SRI) is a non-profit organization dedicated to educating the public about steam-era railroading technology and its impact on the culture and economy of the Great Lakes region. For more information on the SRI, visit their website at www.mstrp.com.

Crest Marine LLC Receives Incentive from Owosso Charter Township to Encourage Capital Investment, Business Growth

The Owosso Charter Township Board has authorized a 12-year, 50% property tax abatement, subject to annual review, for Crest Marine LLC, a leading manufacturer of pontoon boats. This effort supports the company's proposed business expansion at their facility located at 2710 S M-52.
 
Crest Marine LLC recently acquired the operating assets of Maurell Products, one of the original builders of pontoon boats, manufacturing the Crest and Sunset Bay product lines since 1957. The acquisition included the manufacturing facility, equipment, as well as related brands and intellectual property.
 
This tax incentive will be utilized to support additional investment in modernizing the plant and equipment, with a total projected investment of $1.3 million over the next two years. The business currently has 47 employees, with a goal of reaching 92 people within two years.
 
"On behalf of Crest Marine LLC, we are very grateful to the township board for approving our request, which will allow us to reinvest those monies into the business, strengthening our operation and putting local people back to work," said Crest Marine President Joe Curran. "We have been pleased with the reception from the local community thus far, and look forward to strengthening our ties here," he added.
 
"Owosso Charter Township is extremely pleased that we were able to assist Crest Marine LLC with the project to modernize their facility and expand their business.  The township would also like to congratulate Justin Horvath and Brent Jones of the SEDP for the role they played in bringing this endeavor to a successful culmination," said Owosso Charter Township Supervisor Danny Miller.
 
"Our organization has been working with Crest Marine for the past several months, and we have been thoroughly impressed with their business leadership, commitment to the community, and their opportunities for growth into the future," said Justin Horvath, President/CEO of the Shiawassee Economic Development Partnership (SEDP), which provided project assistance. "We are grateful and lucky to have them operating in Shiawassee County," Horvath added.
 
"In addition, the Owosso Charter Township Board should be commended for their dedication over the years to supporting their industrial businesses, and they continue to demonstrate this by approving Crest Marine's request," said Horvath.
 
For more information on the company, visit www.crestpontoonboats.com and www.sunsetbaypontoonboats.com.

Owosso City Council Authorizes New Tax Abatement Policy, Approves Incentive to Encourage Trust Thermal's Relocation and Expansion into Downtown

The Owosso City Council recently approved a new comprehensive tax abatement policy, designed to encourage more capital investment and job creation by both existing and prospective new businesses in the City of Owosso.
 
The council, city staff, and Shiawassee Economic Development Partnership (SEDP) representatives collaborated on the creation of the policy, which focuses on offering property tax incentives based on several criteria, including the amount of capital investment, number of new jobs, job wages, number of years located in Owosso, and number of employees with city residency.

"Our adoption of a pro-growth tax abatement policy helps show to our job providers that Owosso is indeed "open for business," said Owosso Mayor Ben Frederick. "I want to thank the SEDP for working with the city staff and the council on this. Owosso is well positioned to offer help to companies who want to locate in our city, while recognizing and further supporting our existing businesses who wish to grow."
 
Several other communities in Shiawassee County, including Corunna, Durand, Owosso Charter Township, and Perry Township, already have policies that are used as a guideline in determining how to handle such requests.
 
"By having similar policies across all of our local cities, villages and townships, we demonstrate to businesses that we are welcoming, and are focused on regional cooperation," said SEDP President/CEO Justin Horvath.
 
The first applicant to utilize the new policy was Trust Thermal, an environmental services firm from DeWitt which is relocating and expanding into the 12,000 sq ft, former Owosso Dry Cleaners building in downtown.
 
The company offers a variety of different programs, including asbestos abatement, asbestos building inspections, asbestos abatement project design, thermal systems insulation, lead paint removal, mold remediation, interior demolition, commercial flooring demolition, sub-floor surface preparation, and floor coverings. They serve customers throughout the State of Michigan.
 
Trust Thermal currently employs 22 people and typically adds an additional 20 part-time summer workers as their business increases dramatically during this time. On top of this, they hope to add 10-15 additional individuals as they continue to grow.
 
Based on the size and scope of the company's project, the Owosso City Council authorized an 11-year tax incentive, which will freeze the property valuation at its current amount so as to encourage greater investment in the building and surrounding area.
 
"Our plans are to invest nearly $200,000 in cleaning up and renovating this facility for our headquarters, with this incentive playing a significant role in our decision-making. We thank the Owosso City Council for approving our request," said company President Dave Baldwin.
 
"We welcome Trust Thermal's decision to move all of their operations into downtown Owosso," noted Mayor Frederick.  "The company was an excellent first applicant under our new policy. We are glad to have them rehabilitating a visible central location and bringing jobs to our city."
 
For more information on Trust Thermal, you can visit their website at www.trustthermal.com.

Recovery Zone Bonds Still Available for Shiawassee County Private & Public Sector Financing

A reminder that if you are pursuing a project in 2010 and will need financing, please consider the Recovery Zone bond program.

The Shiawassee County Board of Commissioners approved a resolution designating Shiawassee County as a Recovery Zone. This legislation allows public and private sector entities to take advantage of this special bond financing for economic development projects within the county.

There are two types of Recovery Zone bonds:

Owosso Community Players Holds Groundbreaking for Rebuilding of the Lebowsky Theater

As discussed in previous newsletters, we have worked with the Owosso Community Players (OCP) in their efforts to redevelop the Lebowsky Theater, its long-time home until a fire destroyed it over two years ago (visit owossoplayers.com for more information on this).

The OCP recently held a groundbreaking ceremony to celebrate the commencement of the rebuilding of the theater.

Construction on the walls and the exterior is expected to begin in the next few weeks, and be completed by September. Interior work will begin next year. OCP officials also reported that $1.2 million in donations and philanthropy have been received to support the $5 million project. $3.5 million is already expected from various incentive programs (e.g. brownfield tax credits).

Local SEDP Resident and Business Attraction Initiative Gets Underway - Growing Hometown Futures Campaign Becomes Reality for Shiawassee Area

The Shiawassee Economic Development Partnership recently launched its bold and innovative economic development initiative Growing Hometown Futures campaign.  With the goal of attracting former residents and businesses back to Shiawassee County, the SEDP introduced the program to an audience of business and community leaders from the area, as well as local and regional media.
 
Held at Mootzies Gallery in downtown Owosso, presenters included Brent Jones, SEDP Project Specialist, Justin Horvath, SEDP President and CEO, and Tom Cook, Executive Director of the Cook Family Foundation, which partnered with SEDP on the initiative.  Each speaker provided program background, discussed marketing strategies and focused on what the Shiawassee area has to offer residents and businesses alike. 
 
"Since this campaign is a relatively unique and unheard of model, our marketing will start out primarily being web driven, with word of mouth marketing being an important element also," stated Jones.  "This is new territory for us, so as we introduce these initial marketing strategies, we'll see how they work and then refine them or implement new strategies if needed."
 
The Growing Hometown Futures web site, www.growinghometownfutures.org, will serve as the hub of the program.  Here, current and former residents alike can find out more about quality of life and the business climate in Shiawassee County.  To compliment online marketing efforts, a Facebook page has been created to help people rediscover their hometown and connect them to news links and provide opportunities for interaction.  The program will also reach out to community groups such as high school alumni.
 
"We know three things about this area, it has great schools producing great kids, it's a great place to live and a great place to start a business," stated Cook as he spoke about the initiative and the Shiawassee community.   "We can't just sit on the sidelines.  Now is the time to act before someone else does."
 
Shiawassee County has already seen proof that this endeavor can be successful.    
 
"We know it can work," stated Horvath.  "Just recently, we had two different businesses announce their intentions to relocate to the region in part because they lived in the Shiawassee County area and wanted to be closer to home. That's a positive sign and movement in the right direction."

For more information, visit:

Growing Hometown Futures Facebook Page

Growing Hometown Futures Website

"Unlocking Business Financing" Seminar a Success

The SEDP sponsored "Unlocking Business Financing," a seminar on using federal, state and local small business loan programs. Attendees included bankers, alternative lenders and companies in need of financing, with the goal of giving them more knowledge on different tools available to stimulate lending to local businesses.

The following topics were presented:

SBA Loans - Eric Kehler, Michigan Certified Development Corporation
USDA Business & Industry Guaranteed Loans - Barbara Marshall, USDA Rural Development
Capital Access Program - Mike Flanagan, Michigan Economic Development Corporation
Recovery Zone Bonds - Craig Hammond, Dickinson Wright, PLLC

If you are a business or a lender and would like to learn more about any of these programs, contact Justin Horvath at 989-725-9241 or jhorvath@sedpweb.org

Recovery Zone Bonds Still Available for Shiawassee County Private & Public Sector Project Financing

A reminder that if you are pursuing a project in 2010 and will need financing, please consider the Recovery Zone bond program.
The Shiawassee County Board of Commissioners approved a resolution designating Shiawassee County as a Recovery Zone. This legislation allows public and private sector entities to take advantage of this special bond financing for economic development projects within the county.

There are two types of Recovery Zone bonds:

Recovery Zone Economic Development Bonds (RZEDBs, $10 billion) are one type of taxable Build America Bond that allow state and local governments to obtain lower borrowing costs through a new direct federal payment subsidy, for 45 percent of the interest, to finance a broad range of qualified economic development projects, such as job training and educational programs.

Recovery Zone Facility Bonds (RZFBs, $15 billion) are a type of traditional tax-exempt private activity bond that may be used by private businesses in designated recovery zones to finance a broad range of depreciable capital projects including retail, distribution, commercial and industrial. Housing and projects with residential elements are not eligible for RZFBs.

The interest rate savings associated with tax-exempt RZFBs can be significant, reducing financing costs by an estimated 20% to 30% annually when compared to conventional funding alternatives.

While RZFBs allow borrowers to access the tax-exempt marketplace to fund their projects, RZFBs are not guaranteed by any local, state or federal agency. The borrower and the project are required to have a demonstrated ability to repay the RZFB issue.

Shiawassee County has received an allocation of $6,263,000 for Recovery Zone Economic Development Bonds and $9,395,000 for Recovery Zone Facility Bonds.

If you are a local business or government and would like to learn more about taking advantage of this program, contact Justin Horvath at 989-725-9241 or jhorvath@sedpweb.org.

USDA Rural Development Announces 2010 Funding for Rural Energy for America Program (REAP)

U.S. Dept. of Agriculture Rural Development Director for Michigan James J. Turner recently announced that the agency has approximately $11.4 million in funding available through the Renewable Energy for America Program (REAP) for investments in renewable energy systems and to make energy-efficient improvements.
 
"Michigan exports about $20 billion every year to other states and countries to supply our energy needs," said Turner.  "By developing renewable energy systems here and incorporating energy efficiencies, we keep those dollars in Michigan, where they can help grow our economy."
 
Michigan USDA Rural Development will have approximately $1 million for grant requests greater than $20,000; approximately $830,000 available for grants less than $20,000; and $9.6 million available for REAP guaranteed loans. Once the state allocation has been exhausted, unfunded applications will then compete nationally.
 
Eligible projects in the 11 technology areas include:
 
·         anaerobic digesters,
·         biomass,
·         geothermal (including electric generation and direct use),
·         hydrogen, solar (small and large),
·         wind (small and large),
·         small hydropower projects (30 megawatts or less), and
·         energy efficiency improvements. 
 
Examples of energy efficiency projects include, but are not limited to:  the installation of more energy efficient motors, pumps, fans, blowers, compressors, grain dryers, irrigation projects, refrigeration units, ventilation systems, windows, insulation, heating systems, lighting systems, and plumbing fixtures.
 
Grants can cover up to 25 percent of total eligible costs. The minimum energy efficiency grant is $1,500 and maximum is $250,000. The minimum renewable energy grant is $2,500 and maximum is $500,000. For feasibility study grants, the maximum award is $50,000 or 25 percent of eligible study costs, whichever is less. Guaranteed loans can cover up to 75 percent of total eligible cost. Loan limits are a minimum of $5000 and a maximum of $25 Million.
 
Applications will be evaluated and selected based on the highest scoring projects and will be funded with State Allocations every two weeks beginning May 14, 2010, until all funds have been awarded.   To be considered for any 2010 funding, all applications must be completed and received to the USDA Rural Development State Office or Area Offices, no later than June 30, 2010.  Neither complete nor incomplete applications received after this date will be considered for fiscal year 2010 funding.
 
For further program information contact the USDA Rural Development Business Programs Division in the East Lansing State Office at (517) 324-5157.
 
USDA, through its Rural Development mission area, administers and manages more than 40 housing, business and community infrastructure and facility programs through a network of 6,100 employees located in 500 national, state and local offices.  These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.  Rural Development has an existing portfolio of more than $134 billion in loans and loan guarantees. 

Trust Thermal to Relocate Headquarters to Shiawassee County, Expand Into Owosso Facility

Trust Thermal, an environmental services firm currently based in DeWitt, has selected the 12,000 sq ft, former Owosso Dry Cleaners building, located at 210 S Water St in downtown Owosso, as its new corporate headquarters. The deal was brokered by Mark Hanna of MA Hanna Corporation, with legal assistance provided by Bill Brown of Brown & Stewart, P.C. and financing by Firstbank of St. Johns.
 
The company offers a variety of different programs, including asbestos abatement, asbestos building inspections, asbestos abatement project design, thermal systems insulation, lead paint removal, mold remediation, interior demolition, commercial flooring demolition, sub-floor surface preparation, and floor coverings. They serve customers throughout the State of Michigan.
 
Trust Thermal currently employs 22 people and typically adds an additional 20 part-time summer workers as their business increases dramatically during this time. On top of this, they hope to add 10-15 additional individuals as they continue to grow.
 
"This move represents a real opportunity to consolidate our operations into one facility and expand our business in this growing sector," said company President Dave Baldwin. "Shiawassee County is centrally located to our customer base and the community reception thus far has been very positive - we look forward to being here for many years to come," he added.
 
"This is a tremendous addition to our local business community, as Trust Thermal is in a growth, 'green' industry and offers skilled high-paying jobs," said Justin Horvath, President/CEO of the Shiawassee Economic Development Partnership, which provided project assistance to the company.
 
"This is clearly great news for our city," said Mayor Ben Frederick. "I appreciate that Trust Thermal has chosen to move all of their operations into downtown Owosso.  This means jobs for our people, one less empty building downtown, and increased economic activity."
 
For more information on Trust Thermal, you can visit their website below:

www.trustthermal.com

Crest Marine LLC Acquires Assets of Maurell Products, Providing Jobs and New Investment at Owosso Charter Township Facility

Crest Marine LLC, a newly formed corporation, announces that it has acquired the operating assets of Owosso Charter Township-based Maurell Products. Maurell Products was one of the original builders of pontoon boats, manufacturing the Crest and Sunset Bay product lines since 1957.
 
The acquisition included the manufacturing facility, equipment, as well as related brands and intellectual property. Crest Marine LLC is led by managing partners, Joe Curran and Patrick May. Mr. Curran is an experienced marine industry veteran and will serve as President. Mr. May has served in various management roles in distribution, manufacturing and financial settings and was recently recognized by M&A Advisor in their 2008 Turn-Around Awards for his role in the restructuring of Harman Stove Company.
 
"One of the drivers in this acquisition was the Crest legacy that founder Maurice Schell and his family created over the years. Crest pontoons are known for high levels of structural integrity, quality and years of market leading innovation. The manufacturing capabilities of the experienced workforce and facility are unique in the pontoon segment and create a solid foundation for the great things to come. There are thousands of Crest and Sunset Bay pontoons on the water today. We intend to leverage that heritage and customer base into a new leadership position in the marketplace. Enhancing the efforts and successes that the loyal dealer network has established, is going to be a rewarding proposition for Crest Marine," said Curran.
 
Crest Marine LLC is a small, well capitalized group of Michigan based shareholders that are confident about the future of Crest Marine and the growth prospects of today's marine marketplace. "The company is focused on new product innovation, dealer development and internal process improvement. We appreciate the patience, support and cooperation of the employees, vendors and dealers throughout the acquisition process. Crest Marine LLC is an
organization that all can be proud to partner with going forward and for the long term," added Patrick May. The business has already developed a solid backlog for the existing lines and former customers have begun placing new orders supporting the group's intentions for a rebirth of the brand.
 
Curran also added that "Creating excitement for this new company, the Crest/Sunset Bay brands and earning the confidence of our present and future clients will be an everyday, every hour, every minute initiative and culture at Crest Marine. Frankly, that's one of the great and fun things that make this business exciting. Quite a few marine industry entities may have forgotten that. Whether you're involved in motor yachts, sport boats, fishing, high performance or pontoons, you have to be creative and hard working, but you have to know how to have fun and be profitable in the end."
 
Crest Marine operates with over 100,000 square feet of manufacturing space and now employs close to fifty individuals. The new capital investment is very welcomed for the community that has otherwise witnessed a steady erosion of its manufacturing base.
 
"We are thankful for Crest Marine's decision to acquire Maurell Products' assets which is putting people back to work and revitalizing a manufacturing facility," said Justin Horvath President/CEO of the Shiawassee Economic Development Partnership, which has worked with Owosso Charter Township, Baker College of Owosso and the Michigan Economic Development Corporation on project assistance.
 
"We have great confidence in the direction of Crest Marine, and will continue to work collaboratively with them to provide community support for future growth," he added.
 
For more information on the company, visit the websites below:

www.crestpontoonboats.com

www.sunsetbaypontoonboats.com

SEDP Launches Growing Hometown Futures, a Bold Initiative Attracting Former Residents Back to Roots

The Shiawassee Economic Development Partnership (SEDP) is embarking on a bold and innovative project to attract former residents back to Shiawassee County.  Inspired by the Cook Family Foundation, "Growing Hometown Futures" is an economic development initiative with a goal to persuade previous residents and businesses into relocating, starting a new business or making a career change that might bring them back closer to their roots in Shiawassee County.
 
"The mission of the SEDP is to attract new businesses and industries to the area, in addition to finding ways to grow Shiawassee County and help build an economically viable community.  While partnering closely with the Cook Family Foundation, we wanted to come up with a unique concept that targeted an audience already familiar with the area, and who better to target than former residents," said SEDP President/CEO Justin Horvath. From the initial concept came much time dedicated to researching similar programs nationwide and collecting information and feedback from current and former community members about the viability of such a program. "What we found was there really wasn't any program out there like this one," says Horvath.  "It is a relatively unheard of model, yet the information and feedback we received in our research was very promising." 
 
In order to assist with the research and viability of the program, a task force of current Shiawassee residents was created to tap their knowledge of where former residents of the area might be and who would be good targets for the program. From that information, a database of prospects was created and a select group was interviewed based on their current situation, SEDP assessed their perceptions of the area in terms of economic climate, quality of life, etc., and whether they thought the campaign was feasible.  Because the feedback proved to be so positive, this enabled the SEDP to move forward and begin fine tuning a more formal marketing effort.
 
"We learned that Shiawassee County is highly regarded by both the local businesses and those who used to call it home," states Brent Jones, Project Specialist for the SEDP.  "We learned a lot about what to focus on in our messaging including our rich history, outstanding educational systems, diverse industries and accessibility to larger metropolitan areas."

The "Growing Hometown Futures" initiative will be largely web driven.  The website that will serve as the hub of the program is www.growinghometownfutures.org.  Here, current and former residents alike can find out more about quality of life and business climate in Shiawassee County.  The program will also be utilizing the social media website www.facebook.com, to help people rediscover their hometowns by featuring news links and an opportunity for interaction.
 
"The 'Growing Hometown Futures' initiative could not have been possible without the Cook Family Foundation and the commitment of those dedicated to making a positive impact in the area," states Jones.  "We are very excited to see this effort come to fruition."

For more information, visit:

Growing Hometown Futures Facebook Page

Growing Hometown Futures Website

SEDP Continues Aggressive Efforts to Market Shiawassee County, Exhibits at Synergy, Michigan's Largest Commercial Real Estate Conference

As part of our efforts to put Shiawassee County on the map as a business destination, we continue to travel outside of the county to develop relationships with the commercial real estate community throughout the State of Michigan.

We recently attended Synergy, the state's largest gathering of commercial real estate brokers and developers. The event, held at the MGM Grand Hotel in Detroit, offered the opportunity to promote Shiawassee County with an exhibit display and network with hundreds of professionals. This was our fourth year at this event, which we have always found to be beneficial in generating new projects.

SEDP staff is also participating in monthly meetings of the Michigan Chapter of CoreNet Global, an international membership association of corporate real estate executives.

In addition, we are serving on the planning committee for this year's University of Michigan/Urban Land Institute Real Estate Forum, to be held in November in Flint.

Unlocking Business Financing Seminar

The SEDP is a sponsor of "Unlocking Business Financing," an upcoming seminar on using federal, state and local small business loan programs. This event is targeted at businesses in need of financing, and finance and accounting professionals.

Topics will include SBA Loans, USDA Business & Industry Guaranteed Loans, Michigan Economic Development Corporation's Capital Access Program, and Recovery Zone Bonds.
The event will be held on Monday, May 24th from 8:00 am to 11:00 am at the Shiawassee Regional Chamber of Commerce (215 N Water St in downtown Owosso).

Rugged Liner Awarded Incentive from Caledonia Charter Township to Spur Substantial Manufacturing Expansion

The Caledonia Charter Township Board recently approved a 12-year, 50% property tax abatement request from Rugged Liner, a leading manufacturer of pickup truck bedliners and other accessories, to encourage an approximately $14.8 million investment at its facility at 951 Aiken Rd.

The project is expected to create an additional 28 jobs, on top of 54 existing employees. The abatement will be subject to annual review by the township board.

"This would be a major investment in the township and Shiawassee County, and we are pleased and thankful for Rugged Liner's efforts to maintain and grow operations here," said SEDP President/CEO Justin Horvath.

"We also applaud the Caledonia Charter Township Board for their leadership in supporting this project," Horvath added. "They demonstrated a commitment to encouraging business and job growth, while their annual review will ensure they utilize taxpayer dollars effectively."

The SEDP continues to work with the company and the Michigan Economic Development Corporation on a Michigan Business Tax credit opportunity, and approval of this local tax abatement was a necessary component to qualify for state-level incentives.

For more information on the project, click on the Argus-Press article below:

Argus-Press article on Rugged Liner Expansion

SEDP Receives Clean Audit After First Year of Operation

Vogl & Meder, CPA's of Owosso recently completed the 2009 audit of the SEDP's finances, issuing a clean opinion.

"For an entity in its first year of operation (separate from the Shiawassee Regional Chamber of Commerce), the SEDP performed exceptionally well in maintaining high accounting and organizational standards," said Randy Meder of Vogl & Meder.

"We are pleased with the findings, which demonstrates our continued dedication to utilizing SEDP investor dollars effectively and in a transparent manner," said SEDP President/CEO Justin Horvath.

Sakor Technologies Pursuing Relocation of Headquarters to Shiawassee County

Sakor Technologies, an Okemos-based designer and builder of advanced dynamometer systems for testing engines, powertrains and electrical power equipment, is working on a potential $1.1 million investment to relocate and expand in a facility in Perry Township.

The company, founded in 1987, currently has seven employees. The proposed expansion could create 46 total jobs, including 25 directly by the company and 21 spinoff jobs. The company was recently awarded a Michigan Business Tax credit valued at $363,975 over seven years to attract the project to stay in Michigan over a competing site in Colorado.

"We were happy to work with this company and the Michigan Economic Development Corporation to help keep this operation in Michigan," said SEDP President/CEO Justin Horvath. "They continue the process of working on site location in Perry Township, and if this comes to fruition, it will mean many new, good-paying jobs in our county," Horvath added.

For more information on the project, including comments by the company President and local government officials, click on the Lansing State Journal article below:

Lansing State Journal article on Sakor Technologies' Relocation

SEDP Project Specialist Brent Jones Named Social Media Taskforce Chair for Michigan Economic Developers Association

Our Project Specialist Brent Jones was recently named Chair of a taskforce coordinated by the Michigan Economic Developers Association (MEDA) to explore social media opportunities in economic development. The taskforce has been charged with answering two questions: how can social media benefit MEDA as an organization, and how can social media benefit economic development organizations in their efforts?
 
Jones has managed SEDP's entrance into social media marketing.  To date, SEDP has over 560 Facebook fans, and over 230 followers on LinkedIn.  Video testimonials have also been made available on YouTube, as well as through our Facebook page and SEDP website www.sedpweb.org.

Why the Census is Critical to Economic Development

Census 2010 is under way. Forms were mailed to 120 million households about two weeks ago, and April 1 - this Thursday - is Census Day, the day that, ideally, all forms should be returned.
 
An accurate census count is critical to economic development for multiple reasons:

· Most people are aware that results are used to determine seats in the U.S. Representatives - critical to a community's representation in the federal government.

· Accurate data is critical in deciding how more than $400 billion per year is allocated for projects and services such as roads, schools, hospitals and job training centers. That's more than $4 trillion over a 10-year period. Just 100 uncounted people can mean the loss of millions of dollars for a community between 2010 and 2020.

· Particularly important in this economic climate, accurate data are key to attracting new businesses and the development of existing businesses. Businesses and consultants use census data to research markets, plan investments, analyze trends, understand consumer needs, locate pools of skilled workers, plan marketing strategies, and more. Used to identify where to locate shopping centers, offices, factories and more, accurate data directly impact the creation of new jobs!

It only takes 10 minutes to fill out the form, and completed forms are confidential. Remind your friends and acquaintances to mail their completed forms as soon as possible. Challenge your community to respond at a higher rate than they did during Census 2000. Communities' census mail participation rates are updated daily - find Shiawassee County's current participation rate.

2009 Annual Report & 2010 Business Plan Now Available Online!

We have posted an electronic version of the SEDP's 2009 Annual Report and 2010 Business Plan. Click below to learn about our accomplishments last year and plans for this year!

2009 Annual Report & 2010 Business Plan

SEDP Holds Annual Meeting - Largest Turnout Ever

The SEDP recently held its annual meeting at the Baker College Welcome Center in Owosso, with nearly 90 community leaders in attendance. This marks the largest turnout in the history of the organization. 

Board Chairwoman and Shiawassee County Administrator Margaret McAvoy discussed the SEDP's first year as an independent organization, noting the smooth transition that maintained our investor base, ending the year with a budget in the black, and achieving our business plan goals.

SageLink Credit Union & Sycamore House in Durand received the 2009 Project of the Year award from sponsor Consumers Energy, represented by Chris Thelen. Remarks were made by SageLink President/CEO Mark Day, Craig Patterson, Vice President of Development for Woda, the developer for Sycamore House, and Durand City Manager Amy Roddy.

President/CEO Justin Horvath reviewed the 2009 Annual Report and 2010 Business Plan, highlighting 102 retention clients with 29 retention/expansion projects, including 10 announced that will create a projected 141 new jobs. He also discussed a continued aggressive business marketing program which generated 26 attraction projects, including four announced that will create a projected 62 new jobs.

In addition, John Aldrich of Machine Tool & Gear, the largest manufacturer in the county, discussed his company's success through customer diversification.

Additional photos from the event can be found on our Facebook page - click below:

2010 Annual Meeting Photos

Board of Commissioners Designates Shiawassee County as a Recovery Zone, Enabling Usage of Beneficial Bond Financing for Economic Development Projects

The Shiawassee County Board of Commissioners recently approved a resolution designating Shiawassee County as a Recovery Zone. This legislation allows public and private sector entites to take advantage of special bond financing for economic development projects within the county.

There are two types of Recovery Zone bonds:
Recovery Zone Economic Development Bonds (RZEDBs, $10 billion) are one type of taxable Build America Bond that allow state and local governments to obtain lower borrowing costs through a new direct federal payment subsidy, for 45 percent of the interest, to finance a broad range of qualified economic development projects, such as job training and educational programs.

Recovery Zone Facility Bonds (RZFBs, $15 billion) are a type of traditional tax-exempt private activity bond that may be used by private businesses in designated recovery zones to finance a broad range of depreciable capital projects including retail, distribution, commercial and industrial.  Housing and projects with residential elements are not eligible for RZFBs. The interest rate savings associated with tax-exempt RZFBs can be significant, reducing financing costs by an estimated 20% to 30% annually when compared to conventional funding alternatives. While RZFBs allow borrowers to access the tax-exempt marketplace to fund their projects, RZFBs are not guaranteed by any local, state or federal agency. The borrower and the project are required to have a demonstrated ability to repay the RZFB issue.

Shiawassee County has received an allocation of $6,263,000 for Recovery Zone Economic Development Bonds and $9,395,000 for Recovery Zone Facility Bonds.

If you are a local business or government and would like to learn more about taking advantage of this program, contact Justin Horvath at 989-725-9241 or jhorvath@sedpweb.org.

SEDP Attends IEDC 2010 Leadership Summit

SEDP President/CEO Justin Horvath recently attended the International Economic Development Council (IEDC) 2010 Leadership Summit in The Woodlands, TX.

This annual event focuses on providing senior managers of economic development organizations from throughout the United States with opportunities to learn about new trends in the field, best practice models, and networking with other economic development professionals.

This year's theme was "Shifting Gears: Economic Engines of the Future," with a focus on identifying ways we can position Shiawassee County to be ready for changes in various business sectors, including finance, health care, alternative energy, and manufacturing.

Overall, the program was very beneficial, providing us with new ideas to implement for business attraction, retention & expansion activities.

SageLink Credit Union & Sycamore House in Durand Awarded 2009 SEDP Project of the Year

The construction of a new credit union corporate headquarters and the renovation of the former Durand High School in downtown Durand are the Shiawassee Economic Development Partnership (SEDP)'s 2009 Project of the Year award co-recipients. The award is sponsored by Consumers Energy.

SageLink Credit Union constructed a new building which houses a full-service branch and all of the company's administrative offices, with 32 employees working in the facility. The $3.4 million, 21,131 square foot structure was designed to resemble a train depot by architect Jed Dingens to reflect Durand's long-standing railroad heritage. Tom Getty served as Project Manager during the 11-month construction.

Sycamore House has been working to turn the former Durand High School on nearby Sycamore St. into a 40-unit senior residential facility. The total project investment is anticipated to be at least $9.9 million dollars. Leasing is expected to begin in February 2010, according to Woda, the developer on the project.

"The combined effect of SageLink's new headquarters and the Sycamore House development provides even greater benefit to the Durand community, particularly in the downtown, and makes them worthy to be co-recipients of this award," said SEDP President/CEO Justin Horvath.
 
"We also want to recognize the City of Durand for their leadership efforts in making these projects go forward, and the Shiawassee County Board of Commissioners, Brownfield Redevelopment Authority, and administrative staff for their support as well," Horvath added. The SEDP worked with these groups to help both projects secure brownfield Michigan Business Tax credits to help with financing.
 
The Project of the Year serves to recognize a new or expanding business in Shiawassee County that creates a significant positive impact on the local economy. Representatives from Consumers Energy and the SEDP made the selection from multiple candidates. SageLink Credit Union and Sycamore House representatives will be honored during a presentation at the SEDP Annual Meeting, to be held February 4th at the Baker College Welcome Center in Owosso.

H & H Grocery Begins Operations in the Former Brady's Building in Corunna

H & H Grocery has started business in the 14,000 sq ft, formerly vacant Brady's grocery store in downtown Corunna. The business, which offers discount groceries as well as brand name products, was started by local entrepreneurs Calvin Hoover and Butch Hall. They currently employ eight people.
 
"We are excited to be able to start a needed business in downtown Corunna, and fill a building that has been empty for a long time," said Hall. The store opened its doors in late December. "We are excited about the reception thus far," Hall added.
 
"This project is a result of a strong collaboration between several partners committed to putting this building back into good use again," said Shiawassee Economic Development Partnership President/CEO Justin Horvath. The SEDP worked with the City of Corunna on site location, with the Corunna DDA acquiring the facility and providing a long-term lease on the building that will help the company and preserve the parking lot for the public.
 
The SEDP also provided assistance on business planning with the Small Business & Technology Development Center office housed at the Shiawassee Regional Chamber of Commerce.

Owosso Community Players Seeking Bids to Reconstruct Outer Walls, Roof of the Lebowsky Theater

As discussed in previous newsletters, we have been working with the Owosso Community Players (OCP) in their efforts to redevelop the Lebowsky Theater, its long-time home until a fire destroyed it over two years ago (visit owossoplayers.com for more information on this).

After participating in an SEDP Developer Forum, the OCP selected Bazzani Associates to serve as a consultant in leveraging various funding sources (e.g. tax credits) with private donations to reach the $5 million goal. It is now anticipated that approximately $3.5 million can be secured from these incentive programs, leaving approximately $1.5 million needed in donations and philanthropy and grants.

OCP is beginning the restoration process by seeking bids from contractors for enclosing the building, constructing outer walls and a new roof. Bids are due by 5:00 pm on February 4th.

More information can be found in a recent Argus-Press news article with a link found on our Facebook site and below.

Argus-Press Article on Lebowsky Theater Rebuild

Upcoming Seminar on Research & Development Tax Credits - Learn How Your Business Can Qualify

The Shiawassee Economic Development Partnership and Shiawassee Regional Chamber of Commerce are hosting a seminar for businesses to learn how they could qualify for tax breaks that fall under what is known as the Research and Development Tax Credit.

Historically this federal tax credit has been dominated by large corporations and according to a recent US-GAO report with the 2005 figures just released, half of the 2005 credit allotment was used by only 549 large US companies. Many different types of local small and medium sized companies can qualify for this credit but are not taking advantage of the opportunity; even those that are currently capturing a portion of the credit may not be getting the full benefit that is available to them.

This luncheon seminar is being held Tuesday, February 9th at the Shiawassee Regional Chamber Office, 215 North Water Street in Owosso, from 11:30AM to 1:00PM. There is no cost for the informational seminar which will detail how almost every successful company is potentially eligible for a credit of some amount in this area.

The Research and Development Credit was created as a research tax credit to encourage businesses to do more research. It has been a temporary credit that has been updated, modified and extended 13 times over the years to expand the opportunity to more diverse types and sizes of businesses. The objective of most of the modifications made to the tax credit opportunity was to stimulate local US based economic growth and stem the migration of jobs overseas.

The presentation will discuss how the Credit applies to many industries including fabrication, design, product development, manufacturing, high technology, software development, financial services and government contracting. If your company is already performing or even just exploring the opportunities in these areas, this seminar will be an invaluable source on this lucrative tax break that has gone underutilized by most businesses. Please reserve a space for your company by contacting the Shiawassee Regional Chamber of Commerce office at (989) 723-5149.

Annual Meeting Announcement

SEDP investors, please make plans to join us for the Annual Meeting on Thursday, February 4th, 2010, at the Baker College Welcome Center, 1309 S. M-52, Owosso.

Buffet lunch to be served at 11:45 am, with the program to begin at 12:00 pm. We will review 2009 accomplishments (including presentation of the Project of the Year award sponsored by Consumers Energy) and plans for 2010.

Invitations have already been sent. Please RSVP to Mary Perry at (989) 725-9241, or via email at bjones@sedpweb.org by Friday, January 22nd.

Owosso Community Players Receives Grant to Begin Rebuild of the Lebowsky Theater

As discussed in previous newsletters, we have been working with the Owosso Community Players (OCP) in their efforts to redevelop the Lebowsky Theater, its long-time home until a fire destroyed it over two years ago (visit owossoplayers.com for more information on this).

After participating in an SEDP Developer Forum, the OCP selected Bazzani Associates to serve as a consultant in leveraging various funding sources (e.g. tax credits) with private donations to reach the $5 million goal. It is now anticipated that approximately $3.5 million can be secured from these incentive programs, leaving approximately $1.5 million needed in donations and philanthropy.

More good news to report - the Owosso City Council has authorized $350,000 in Vibrant Small Cities Initiative (VSCI) grant funds from the Michigan State Housing Development Authority (MSHDA) toward this project. This will enable OCP to enclose the building this winter with a new roof, preventing further deterioration of the facility. Owosso Main Street is also self-bonding for the 50% grant match to ensure that the monies are received.

More information can be found in a recent Argus-Press news article with a link found on our Facebook site and below.

Argus-Press Article on Lebowsky Theater Rebuild

2010 SEDP Board Officers Elected

The SEDP Board elected its 2010 officers at their December meeting.

Chairwoman is Margaret McAvoy, Shiawassee County Administrator, Vice Chairman is Bruce Cook of the Cook Family Foundation, and Secretary & Treasurer is Amy Roddy, Durand City Manager.

Upcoming Seminar on Research & Development Tax Credits - Learn How Your Business Can Qualify

The Shiawassee Economic Development Partnership and Shiawassee Regional Chamber of Commerce are hosting a seminar for businesses to learn how they could qualify for tax breaks that fall under what is known as the Research and Development Tax Credit.

Historically this federal tax credit has been dominated by large corporations and according to a recent US-GAO report with the 2005 figures just released, half of the 2005 credit allotment was used by only 549 large US companies. Many different types of local small and medium sized companies can qualify for this credit but are not taking advantage of the opportunity; even those that are currently capturing a portion of the credit may not be getting the full benefit that is available to them.

This luncheon seminar is being held Tuesday, February 9th at the Shiawassee Regional Chamber Office, 215 North Water Street in Owosso, from 11:30AM to 1:00PM. There is no cost for the informational seminar which will detail how almost every successful company is potentially eligible for a credit of some amount in this area.

The Research and Development Credit was created as a research tax credit to encourage businesses to do more research. It has been a temporary credit that has been updated, modified and extended 13 times over the years to expand the opportunity to more diverse types and sizes of businesses. The objective of most of the modifications made to the tax credit opportunity was to stimulate local US based economic growth and stem the migration of jobs overseas.

The presentation will discuss how the Credit applies to many industries including fabrication, design, product development, manufacturing, high technology, software development, financial services and government contracting. If your company is already performing or even just exploring the opportunities in these areas, this seminar will be an invaluable source on this lucrative tax break that has gone underutilized by most businesses. Please reserve a space for your company by contacting the Shiawassee Regional Chamber of Commerce office at (989) 723-5149.

2009 Site Selector Excursion a Success, Largest Turnout Ever

The SEDP held its annual Site Selector Excursion in early December, with 10 professionals in attendance, marking the largest turnout in the five years of hosting this event.

Guests included prospective businesses looking at Shiawassee County to relocate their business, real estate developers, corporate representatives of existing local facilities, and commercial/industrial real estate brokers. We are now working with several of the attendees on investment and job creation projects in the county.

A special thank you to our local business and government leaders who joined us for various functions during the event - your participation demonstrated the importance of economic development to this community, and made a very favorable impression on our guests.

Photos from the event can be found on our Facebook page.

Shiawassee County Board of Commissioners Approves Brownfield Redevelopment Plan for Sycamore House

The Shiawassee County Board of Commissioners recently approved an amendment to the Shiawassee County Brownfield Redevelopment Plan for a project by Sycamore House, LLC in Durand.

The City of Durand and Sycamore House, LLC have been collaborating to renovate the former Durand High School into a 40-unit senior residential facility in the downtown area of Durand.

The SEDP assisted in the brownfield plan process, including approval by the Shiawassee County Brownfield Redevelopment Authority.

"We thank the Board of Commissioners, Brownfield Redevelopment Authority, and administrative staff for their efforts in moving this process along quickly, and being so supportive of our needs," said Craig Patterson, Vice President of Development for Woda, the developer on the project.

SEDP Exhibits at 2009 Fall Real Estate Symposium

The SEDP recently attended and exhibited at the 2009 Fall Real Estate Symposium, a collaboration between the Michigan Commercial Board of Realtors and the Michigan CCIM (Certified Commercial Investment Member) Chapter.

The event, held in Howell, offered us the opportunity to network with professionals in the commercial and industrial real estate world in Michigan, showcasing development opportunities in our county.

We will also be a Supporter Sponsor and exhibitor at the 23rd Annual University of Michigan and Urban Land Institute Real Estate Forum on November 11 and 12 in Ann Arbor.

The Forum provides valuable lessons in local real estate development and highlights real estate investment and development opportunities.

If you would like to learn more about this event, visit www.umuliforum.com.

Owosso Community Players Partners with Bazzani Associates, Gains Traction in Effort to Rebuild Lebowsky Theater

As discussed in previous newsletters, we have been working with the Owosso Community Players (OCP) in their efforts to redevelop the Lebowsky Theater, its long-time home until a fire destroyed it over two years ago (visit owossoplayers.com for more information on this).

After participating in an SEDP Developer Forum, the OCP selected Bazzani Associates to serve as a consultant in leveraging various funding sources (e.g. tax credits) with private donations to reach the $5 million goal. It is now anticipated that approximately $3.5 million can be secured from these incentive programs, leaving approximately $1.5 million needed in donations and philanthropy.

More information can be found in a recent Argus-Press news article with a link found on our Facebook site and below.

Argus-Press Article on Lebowsky Theater Rebuild

2009 Shiawassee County Wage & Benefit Survey Now Available

Would you like to know what similar local businesses offer in wages and benefit packages? A significant number of area companies have asked for such data. Unfortunately, there is no original survey research available to provide this information.

As a result, the Shiawassee Economic Development Partnership has partnered with the Shiawassee Regional Chamber of Commerce to collect this data with the Shiawassee County Wage & Benefit Survey. This is the 2nd edition of the survey - the last one was conducted in 2006.

The results include aggregated information from 47 local companies in various sectors, including manufacturing, service, retail and professional businesses.

Topics covered include work schedules and compensation, medical insurance, other types of insurance, retirement, paid time off, and wages by occupation (approximately 75 different types of jobs are represented).

Cost of the survey is $80. Those companies that participated received the survey results for free.

For more information or to purchase a copy of the survey, contact SEDP Project Specialist Brent Jones at 989-725-9241 or bjones@sedpweb.org.

Become an SEDP Fan on Facebook & LinkedIn!

The SEDP is successfully utilizing these social networking sites to provide unique content not found in our monthly e-newsletters, including newspaper articles and video.

To become a fan, all you need to do is click below on each link:

SEDP's Facebook Page

SEDP's LinkedInPage

Granholm Announces Support for Infrastructure Improvements, Business Expansion in Lennon

Governor Jennifer M. Granholm recently announced a $66,680 grant to the village of Lennon in Shiawassee County to make sewer system upgrades needed to support the expansion of Alderman's Inc., a family-owned business that has sold and repaired equipment to agricultural businesses throughout Michigan since 1946.

The grant is being made available by the Michigan Economic Development Corporation (MEDC) with funds provided by the federal Community Development Block Grant program. An MEDC official presented a ceremonial check to Lennon and Shiawassee County officials on September 11th.

"Helping locally owned businesses like Alderman's thrive is at the heart of our strategy to build strong communities and a diversified economy in Michigan," Granholm said. "These kinds of projects help put into place the kind of 21st century infrastructure that will spur new business investment and new job growth."

Alderman's is investing $150,500 to expand its warehouse to include a service and repair area. The village of Lennon is contributing $8,000 to support the project, which is expected to create four new jobs.
 
"A Community Development Block Grant makes perfect sense for a project like this," said Tim Alderman, vice president of Alderman's Inc. "It will be used for exactly what its name indicates. This grant allows for the expansion of our business and that of the Village of Lennon for the future. We are grateful to everyone who put in the hard work to make it happen."

The MEDC is able to award approximately $40 million in federal CDBG funds each year. There are 1,655 local governments within the state eligible to apply for these funds. Projects are approved contingent upon compliance with state and federal requirements.

"Alderman's is a long-standing member of the Shiawassee County business community, and we are proud that they are expanding their operations in Lennon," said Shiawassee Economic Development Partnership President/CEO Justin Horvath. "This support from the Michigan Economic Development Corporation was integral in making this project happen."

"The CDBG program is a good resource to help communities facilitate job growth and business development," MEDC President and CEO Greg Main said. "The MEDC is pleased to partner with company, Lennon and Shiawassee County officials and to make this vital project a reality."

The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing
services to create and retain good jobs and a high quality of life. For more information on MEDC initiatives and programs, visit their website at www.TheMEDC.org.

SEDP to Promote Shiawassee County Development Opportunities at 2009 Fall Real Estate Symposium

The SEDP will be an exhibitor at the 2009 Fall Real Estate Symposium, a collaboration between the Michigan Commercial Board of Realtors and the Michigan CCIM (Certified Commercial Investment Member) Chapter.




The event, to be held on October 29 in Howell, will offer us the opportunity to network with hundreds of people in the commercial and industrial real estate development world in Michigan, putting Shiawassee County on the map as a business destination.

As mentioned in a previous e-newsletter, we will also be a Supporter Sponsor and exhibitor at the 23rd Annual University of Michigan and Urban Land Institute Real Estate Forum on November 11 and 12 in Ann Arbor.

The Forum provides valuable lessons in local real estate development and highlights real estate investment and development opportunities.

If you would like to learn more about this event, visit www.umuliforum.com.

Consumers Energy Completes $4 Million Renovation of its Owosso Service Center, Part of "Growing Forward" Program

The Consumers Energy service center in Owosso has a new look inside and out thanks to a $4 million renovation.

Customers will find the front parking lot is double its previous size and the 45-year-old building at 1801 W. Main St. is more handicap accessible.

A highly efficient heating and cooling system was installed along with an upgraded electric system that features energy efficient lights.  The service center was reduced in size with the demolition of about 10,000 square-feet of space that had been leased to other organizations. In addition, new flooring was installed and the interior was repainted.

The renovations are expected to save about $150,000 a year in operating costs.

"This investment in the Owosso community will help us serve customers more efficiently and effectively, improve employee productivity, and lower our operating costs," said Frank Johnson, senior vice president of energy operations.

The project is part of Consumers Energy's "Growing Forward" plan, which calls for investing more than $6 billion in its utility operations over the next five years. Those investments will help maintain and improve service to customers, create jobs, boost the Michigan economy, and expand the state's tax base.

Consumers Energy, the principal subsidiary of CMS Energy, provides natural gas and electricity to nearly 6.5 million of Michigan's 10 million residents in all 68 Lower Peninsula counties.

For more information about Consumers Energy, visit their website at www.consumersenergy.com

Are You Interested in Business Investment Opportunities in Shiawassee County?

The SEDP is working with a number of business clients we have identified as being quality candidates for private investment (e.g. venture capital). Securing financing would help to start, grow or attract more business to the community that will create more economic development in Shiawassee County.

We are seeking individuals who would have interest in learning more about these opportunities (including review of a business plan and financials). Industries include manufacturing, distribution, tourism, and others.

If you are interested, please contact Justin Horvath at 989-725-9241 or jhorvath@sedpweb.org.

Midwest Bus Corporation Announces its Contract Award to Overhaul 123 Transit Buses for the Massachusetts Bay Transit Authority

Midwest Bus Corporation, an Owosso-based transit bus rebuilder and parts supplier since 1980, announced an award today to overhaul 123 transit buses for the Massachusetts Bay Transit Authority. Remarks were made by (l. to r.) Congressman Dave Camp and Midwest Bus President and owner Dan Morrill.
 
This contract award is already having a very significant impact in Owosso and throughout the State of Michigan. From a local perspective, Midwest Bus Corporation has started the process of hiring approximately 60 new employees and leased approximately 15,000 additional square feet of manufacturing space in Owosso Township.
 
Furthermore, Midwest Bus Corporation is spreading the business around the state with contracts to supply rebuilt engines (Cummins-Bridgeway, LLC out of New Hudson, Michigan); newly designed coolant systems (Engineered Machined Products, Inc. out of Escanaba, Michigan); new front end caps (MRM Industries, Inc. out of Owosso, Michigan); paint and paint supplies (the Lansing office of Painters Supply & Equipment Co. headquartered out of Taylor, Michigan); decals (Edwards Sign and Screen Printing Inc. out of Owosso, Michigan) and numerous Michigan manufacturers and suppliers of additional parts and services that will be used in the overhaul.

"This contract will create jobs, bring out of state revenue to Michigan, and further the ideals of public transportation and green manufacturing. As the overhaul of buses is the recycling of buses, only a fraction of the emissions from greenhouse gases are produced in comparison to the purchase of new buses", said Dan Morrill, the President and owner of Midwest Bus Corporation since 1980.

"Multiple parties were instrumental in ensuring the award of this contract, including United States Congressman Dave Camp, United States Senator Deborah Stabenow, United States Senator Carl Levin, United States Congressman Mike Rogers, and United Auto Workers Region 1-C Director, Duane Zuckschwerdt, Chemical Bank, Baker College of Owosso, and the Shiawassee Economic Development Partnership", he added.

"We value Midwest Bus Corporation's continued and long-term commitment to the local community, and are excited about the positive economic impact this contract will have on the region. In recent years, Midwest Bus Corporation has continued to create good paying jobs in our state and we are fortunate to have their presence in Shiawassee County", said Shiawassee Economic Development Partnership President/CEO Justin Horvath.

Please Join Us for Michigan Economic Development Corporation Announcement in Village of Lennon

The Michigan Economic Development Corporation, in partnership with the Village of Lennon and the Shiawassee Economic Development Partnership, will host a community development celebration at 10 a.m. on Friday, Sept. 11, 2009. The event, which will highlight a Community Development Block Grant award to the Village of Lennon for a sewer project associated with an expansion by Alderman's (a family-owned retailer and repairer of equipment for agricultural businesses since 1946), will be held at the Lennon Cafe, 12489 W Lennon Rd, Lennon. The public is invited to attend.

Advanced Drainage Systems Going Green, Growing Owosso Facility

Advanced Drainage Systems, Inc. (ADS), the world's largest producer of corrugated high density polyethylene pipe (HDPE) for infrastructure, roadway, commercial, industrial, residential and agricultural applications, is working on expansion of their Owosso plant by pursuing a "green" business strategy.

ADS is now promoting a new polyethylene pipe made with a minimum recycled content of 40%.
The new product is part of the continuing program at ADS to engineer, design, develop and produce products that are innovative and environmentally responsive.

"Being a steward of the environment is integral to ADS," stated Tori Durliat, Director of Marketing. "Protecting our habitat is at the very root of our company. In 1967, ADS started making HDPE pipe that would last longer and would safeguard the water supply and soil while being easy and cost effective to use. This new product takes our commitment another step further and fits in with the rest of our pipe, storm water quality units, geotextiles and surface drainage structures. Right now, we produce many green friendly systems and products and we fully plan to keep meeting the demands of our world with more of these types of products," Durliat added.

"Green" efforts include daily plant operations as well. "We are looking differently at several areas of business - how we transport the product, how to load trucks, using motion sensor lighting. We are trying to make improvements to be both green and energy efficient," said Plant Manager Rick Lamb.

The use of recycled material is gaining popularity as more new construction and renovation projects pursue Leadership in Energy and Environmental Design (LEED) certification from the United States Green Building Council.  Building developments can be recognized by pursuing a reduced carbon footprint in several areas: sustainable site development, water savings, energy efficiency, materials selection, and indoor environmental quality.

Due to the innovative design and high strength to weight ratio, ADS pipe produces a much smaller impact on the environment than traditional pipe materials like reinforced concrete or corrugated metal. Carbon footprint is the most widely accepted measure of the environmental impact of activity or production in terms of greenhouse gases produced, measured in units of carbon dioxide.

Reinforced concrete pipe, for example, has an estimated carbon footprint approximately three times that of HDPE pipe, according to data extrapolated from a 2006 study by the Department of Mechanical Engineering at the University of Bath in the United Kingdom.

Owosso is one of 42 manufacturing plants in the ADS family, which is currently headquartered in Hilliard, OH. For more information, visit www.ads-pipe.com.

American Recovery and Reinvestment Act (ARRA) Seminar Scheduled

The Shiawassee Economic Development Partnership and the Shiawassee Regional Chamber of Commerce are pleased to announce an upcoming seminar geared toward the entire Shiawassee County business community. 

The presentation American Recovery and Reinvestment Act of 2009, will be conducted by Amy Banninga of the Michigan Economic Development Corporation. Topics covered during the presentation will include: Recovery Plan Opportunities for Businesses, Tax Benefits associated with the Recovery Plan, Competitive Funding Opportunities, Recovery Zone and Recovery Zone Facility Bonds, and Trade Adjustment Assistance Programs.

Justin Horvath, SEDP President/CEO said; "We are pleased to be able to offer this seminar.  This is a good opportunity to bring our businesses together with representatives of the MEDC to discuss the nuts and bolts of the ARRA". 

"There are many challenges in understanding all the parts of these programs.  Having a speaker, experienced in all of the programs, deliver the message to the Shiawassee County business community will be very beneficial" said Renita Mikolajczyk, SRCC President/CEO.   

The seminar will be held from 12:00 - 1:30 on Tuesday, September 22, 2009 in the Shiawassee Regional Chamber of Commerce board room, 215 N. Water St., Owosso, MI. 

Businesses interested in attend the seminar should RSVP by Friday, September 18 by calling 723-5149 or e-mailing customerservice@shiawasseechamber.org.  Cost: $5.00 lunch fee.