Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy Tracker Individual Entry
Company: VernDale Products, Incorporated
Parent Company:
Subsidy Source: state
Location: Michigan
City: Detroit
Address: 18940 Weaver St Detroit
Zip: 48228
Project Description: Michigan Business Development Program - VernDale Products, Inc., established in 1958 in the City of Detroit, uses an artisanal method to produce powdered milk that is used by premium chocolate manufacturers. VernDale plans to renovate an abandoned building in Detroit into a second milk production facility, investing nearly $16 million and adding 13 jobs. As a result of the expansion, the company has been awarded a $436,000 Michigan Business Development Program incentive. The City of Detroit is offering a 12-year Plant Rehabilitation tax abatement
Year: 2014
Subsidy Value: $3,300,000
Program Name: Industrial Property Tax Abatement
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 13
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.