[CPEO-BIF] Heat Controller to expand on brownfield, Jackson, MI

[Lenny Siegel <lsiegel@cpeo.org>]

News Release
Michigan Economic Development Corporation
January 17, 2006

Granholm Announces Expansion of Heat Controller Inc. in Jackson
Company to Revitalize Site, Create 10 New Jobs


Governor Jennifer M. Granholm today announced that Heat Controller Inc.
will expand in Jackson as a result of state brownfield tax incentives
approved by the Michigan Economic Development Corporation. The project
is expected to generate more than $1.5 million in private investment and
create up to 10 new jobs.

"This is a win-win situation for Heat Controller and the city of
Jackson," Granholm said. "The project will put the property back on the
tax rolls and allow the company to continue to grow and create good jobs
in Michigan."

Heat Controller will use state and local tax capture valued at $199,175
to demolish existing structures and redevelop the former Overhead
Conveyor site which is adjacent to the company's current facility. Heat
Controller will build an 18,750-square-foot warehouse expansion and
parking lot.

"The city of Jackson Brownfield Redevelopment Authority was able to
partner on this project because of federal EPA (Environmental Protection
Agency) assessment grant funding," Mayor Martin J. Griffin said. "This
project demonstrates the value and importance of federal and state
incentive programs, without which contaminated properties would continue
to lie dormant and blighted."

Headquartered in Jackson, Heat Controller distributes
contract-manufactured residential and commercial heating and cooling
equipment including furnaces, air conditioners and heat pumps.

The company's expansion is one of three economic development projects
the Governor announced today. In all, they are expected to create a
total of 1,615 Michigan jobs.

"I am proud of what Michigan's brownfield redevelopment program has
accomplished statewide," MEDC President and CEO James Epolito said.
"This is yet another success in our efforts to transform challenged
properties into community assets."

In her 2005 State of the State address, Granholm emphasized the
importance of making Michigan a global economic powerhouse in the 21st
century. Since January 2005 the Governor and the MEDC have announced the
creation or retention of more than 66,000 jobs as a result of targeted
assistance provided by the MEDC.

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 the MEDC's
initiatives and programs, visit the Web site at www.michigan.org.

...

For the original press release, go to
http://medc.michigan.org/news/major/combo.asp?ContentId=8CA44136-320D-4FC5-A48F-A157A4A2AB5F&QueueId=1&ContentTypeId=7
You may need to cut and paste the URL.


-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org
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