My comprehensive economic plan continues to reap benefits for Michigan communities and our citizens. The latest ventures include four brownfield redevelopment projects in the Detroit, Saginaw, and Grand Rapids areas and a company expansion in St. Joseph which are expected to create and retain a total of 271 jobs and involve more than $186 million in capital investment. These projects are further proof that Michigan is the best place in North America for businesses to invest, grow, and create new jobs. The five projects are:

• Edgewater Automation LLC, a supplier of custom automation equipment for assembly and testing for the medical, electronic, automotive, stored power, pharmaceutical, and alternative energy industries, plans to invest $1.05 million to expand its operations in St. Joseph. The expansion is expected to create 97 new jobs, including 45 directly by the company. A high-tech Single Business Tax credit valued at $263,000 over five years helped convince the company to grow in Michigan instead of a competing site in Indiana.

• @water Lofts LLC. A $9.7 million brownfield SBT credit and state and local tax capture valued at more than $1 million will help transform a three-acre former industrial site east of the Renaissance Center in Detroit. Belmar Development Group will orchestrate the building of more than 20,000 square feet of street-level retail space. Residential space will include a combination of more than 212 lofts, town homes, and penthouses with an average of 1,200 square feet. The project is expected to create more than 100 new jobs and involve more than $119 million in capital investment.

• Spingarn Development LLC. A $5.1 million brownfield SBT credit and state and local tax capture valued at more than $5.5 million will be used to redevelop a 2.24-acre site on the Detroit Riverfront. The Watermark Detroit project will consist of a nine-story residential tower containing 111 condominium units including parking garages, two buildings with six "city" homes and two buildings containing 10 "marina" homes. The project will create four new jobs and involve more than $58 million in capital investment.

• Erwin Properties LLC will use $175,000 in state and local tax capture to support the demolition of a vacant bowling alley to support the construction of a new 3,000-square-foot retail/commercial development on Dixie Highway in Buena Vista Township. The five-acre site will also include housing adjacent to the commercial development. The mixed-use project is expected to create 10 new jobs and involve $1 million in private investment.

• Seventh Street Properties LLC will use state and local tax capture valued at more than $1.5 million to help transform a former furniture manufacturing facility in the city of Grand Rapids into a mixed-use development with 30 apartments and 49,500 square feet of retail space. The project will create 15 new jobs, retain 45, and include $7.9 million in capital investment.

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