GRAND RAPIDS, Mich. (WOOD) — A plan to bring a grocery store to Grand Rapids is getting financial backing from the state.
The Michigan Economic Development Corporation recently approved $2.8 million in funding through the Michigan Community Revitalization Program for the Diamond Place development on Michigan Street NE.
The $19.5 million investment includes creating 42 apartments and retail space for a 16,000 square foot neighborhood grocery store. Developers previously outlined plans to also add a bus station.
The MEDC says the development is expected to create the equivalency of 112 full-time jobs and will bring much-needed amenities to the area.
The Michigan Strategic Fund also approved $9.9 million in local and school tax capture for Grand Rapids’ Brownfield Redevelopment Authority to clean up and prepare the former Proos Manufacturing site for redevelopment.