LANSING, Mich. — Sen. Judy Emmons is applauding state and local efforts to bring a $58 million dairy processing facility to mid-Michigan.
Greenville Venture Partners plans to establish a 55,000-square-foot dairy processing facility in the the city of Greenville. The company is a subsidiary of Foremost Farms, a farmer-owned milk processing and marketing cooperative headquartered in Wisconsin with about 1,500 members.
“This new facility would be tremendous news for the people of mid-Michigan, especially area dairy farmers dealing with surplus milk supplies,” said Emmons, R-Sheridan. “I applaud state and local officials for their efforts to make this project a reality. Once finalized, this state economic development support will help attract a total capital investment of $57.9 million and create 33 jobs — in addition to enhancing the local economy.”
The Michigan Strategic Fund (MSF) has approved a private activity bond inducement valued at up to $12 million in support of the project. Approval of the bond authorizing resolution is expected to take place at an upcoming MSF meeting.
The Michigan Department of Agriculture and Rural Development is supporting the project with a $500,000 grant from its Food and Agriculture Investment Fund, and the city of Greenville plans to support the project with a 12-year property tax abatement valued at $2.33 million.