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Tax-Free Renaissance Zones Expanded

DETROIT-New zones in upper Michigan areas will allow for redevelopment of formerly

By Robert Carr | Updated on November 13, 2001

DETROIT-The Michigan Economic Development Corp. says the Thumb Area and Northern Tier Renaissance Zones have received approval to create subzones and expand their boundaries. The new expansions will result in approximately 138 new jobs, $57 million in private investment and the reuse of previously underutilized industrialproperty, MEDC officials say.

The Thumb Area Renaissance Zone received approval to expand an existing subzone in Caro Village and create an additional subzone in Cass City. The Caro Village subzone will expand its boundaries by approximately six acres.

This expansion enables Michigan Ethanol, LLC to begin construction of a $55-million ethanol processing facility, which is expected to create 38 new, full-time jobs. It is estimated the ethanol facility will require about 14.3 million bushels of corn each year benefiting approximately 1,000 Michigan farmers.

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