LANSING, Mich. — State Sen. Kevin Daley on Friday applauded a Michigan Strategic Fund (MSF) announcement approving a $57,281 Community Development Block Grant (CDBG) that will assist the city of Caro in making improvements to the city’s downtown area.
“This is great news for the community,” said Daley, R-Lum. “This funding will help revitalize the downtown area and make Caro a more enjoyable place to live, work and visit. I appreciate the MSF’s continued support of Michigan’s rural communities.”
The city of Caro has received $57,281 in Community Development Block Grant funds for the Caro Facades Project and an additional $17,000 for a CDBG certified grant administrator to assist with the project.
The update is set to include the renovation of two storefronts in downtown. The facade restoration project is expected to be a catalyst for other projects and investment in downtown Caro. The project is also expected to have a substantial impact along North State Street.
“This money will help support local businesses and continue the economic growth occurring in downtown Caro,” Daley said. “I applaud the city for working closely with state officials and ensuring they had everything lined up to get this done.”
The MSF, in cooperation with the Michigan Economic Development Corporation (MEDC), administers the economic and community development portions of the CDBG program. The CDBG program is a federal grant program utilizing funds received from the U.S. Department of Housing and Urban Development (HUD).
An interactive Projects Map available on the MEDC website is updated daily to reflect the most recent Michigan successes incented by the agency. It can be viewed by region, county or legislative district and filtered to make selections for the desired fiscal year and incentive type.
For more information, visit www.michiganbusiness.org.