Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy Tracker Individual Entry
Company: Herbruck Poultry Ranch Inc
Parent Company:
Subsidy Source: state
Location: Michigan
City: Lake Odessa
Address: 839 Fourth Street Lake Odessa
Zip: 48849
Project Description: Michigan Business Development Program Grant - Herbruck Poultry Ranch, Inc. on April 25, 2014 was approved a $500,000 award for under the Michigan Business Development Program (???MBDP???). The Company proposed to extended sewer line which will allowed the Applicant to expand its existing operations in Ionia County (6425 West Grand River, Saranac; 478 West Portland Road, Ionia; 3896 West Grand River, Saranac; and 6595 South State Road, Ionia), make investments and create jobs related to egg production for the food service industry. It is requested that the total Qualified New Job Creation requirement be increased from 50 to 100. As a result of these modifications, it is requested that the total grant amount be increased to $750,000 from $500,000 to reflect the increased job creation. The amendment will also result in an increase of capital investment from $33,000,000 to $76,000,000.
Year: 2015
Subsidy Value: $750,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: Business Development Program
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: grant/loan hybrid program
Number of Jobs or Training Slots: 100
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.