VernDale Products, Inc. Invests $14 Million In Detroit, Michigan, Milk Production Facility
The firm uses an artisanal method to produce powdered milk used by premium chocolate manufacturers. VernDale plans to renovate an abandoned building at 18940 Weaver Street in Detroit. As a result of the expansion, the company has been awarded a $436,000 Michigan Business Development Program incentive. In addition, the City of Detroit established a Plant Rehabilitation District for the project, along with offering property tax abatement incentives.
“Our niche market position has enabled us to grow to a point where a second manufacturing site is needed. We are proud to have been a member of the Detroit business community for over 54 years, and very excited to be reinvesting in, and a part of the City’s revitalization,” said VernDale Products President Dale Johnson. “I want to thank the Michigan Economic Development Corp. and the Michigan Strategic Fund for its support of our project.”
“VernDale Products’ investment and expansion into a second major facility in the City of Detroit is a testament to the city’s geographic economic strengths and fertile ground for business growth and development,” said MEDC President and CEO Michael A. Finney. “This company’s success and commitment to Detroit give us great confidence in our support of this project.”
The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
Changes in the Incentives Landscape
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
How an International Business Can Enter the U.S. Market Via M&A