The Michigan Department of Transportation (MDOT) has announced the allocation of two Transportation Economic Development Fund (TEDF) grants aimed at supporting 478 new jobs and facilitating $3.1 billion in private investment in Detroit and Grayling Township.
"Today's investments to fix roads will support 478 good-paying jobs and more than $3 billion of investment in Detroit and Grayling,” said Gov. Gretchen Whitmer, in a statement.
Whitmer emphasized the state's focus on economic growth, job creation and positioning Michigan as a leader in key industries such as healthcare, manufacturing and defense.
The TEDF grants are designed to finance public highway, road and street projects essential for the movement of people and goods. These projects aim to enhance transportation infrastructure critical for businesses and communities.
In Detroit, Henry Ford Health (HFH), in collaboration with the Detroit Pistons and Michigan State University (MSU), the project ‘Future of Health: Detroit’ will receive funding under the grants. This initiative involves an investment exceeding $3 billion across multiple sites near West Grand Boulevard. The development includes a new hospital facility, research center, housing units, retail spaces and green areas.
Road improvements on West Grand Boulevard are planned to accommodate increased traffic due to this development. The project also includes rebuilding the Holden Street pedestrian bridge to improve connectivity between medical sites separated by Michigan 10.
In Grayling Township, Saab Inc., known for its defense products, plans to establish a facility that requires road improvements on Industrial Drive. This project is expected to create around 70 jobs with a $75 million private investment.
The TEDF grants provide funding for roadway improvements necessary for expanding companies while removing inadequate roadways as barriers to private investment.
Source: Michigan Department of Transportation, Greatlakeswire.com
