The Central Michigan University Research Corporation has been awarded a 1.4 million (dollar) grant from the Economic Development Administration.
After nearly 20 years in Mount Pleasant, the CMURC headquarters is going to receive a facelift.
Erin Strang, the President and CEO of the CMURC, said the grant will allow their headquarters to provide entrepreneurs with the same opportunities as their locations throughout the region.
“What this grant does, is allows for us to come back to our headquarters in Mount Pleasant and do some much-needed renovations and upgrades to our current facility here to get them up to the same opportunity that we have throughout the region,” Strang said.
According to Strang, the EDA grant only covers a portion of the project, and CMURC is looking to acquire over half a million in investments from private sources to complete the project.
Currently, CMURC has raised over 50% of its $600,000 goal.
The project is expected to cost $2 million and create over 100 jobs, through entrepreneurship startups as well as during the construction of the project.
“You know if one company hires one person, that’s one good job, right," Strang said. "So those hundred jobs come from a compilation of a number of companies hiring. Plus, you have the added jobs that would be created from the construction itself of the project.”
Strang said a kickoff event is scheduled for June and the project is expected to last six months, from start to finish.
