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LANSING, MI-The Michigan Economic Development Corp., begun last year at the design of Gov. John Engler, will move next year into a new 90,000-sf, four-story building. The public-private company acts as a bridge between the state government and the private sector to encourage and keep development, jobs and money in Michigan. It currently operates out of about half of the eight-story Victor Building on Washington Square in Lansing.

It has had much success since it started in April 1999, encouraging many companies to stay or build in the state with tax breaks and other incentives. “We’re growing, and we want more room to do it,” says Jennifer Kopp, a spokeswoman for the MEDC.

About $13 million is being spent by the corporation to purchase, renovate and expand a four-story, 90,000-sf building at Ionia Street and Grand Ave. “One of the key reasons we will do it is to consolidate operations into one facility instead of staff throughout all the floors we are on now, that we share with other firms,” Kopp tells GlobeSt.com. “This will put us in one facility, in close proximity to each other, and give us more room to grow.”

About 280 employees work for the MEDC now, she says, and the new building should hold up to 350. Employees should be working out of the building by next summer. The corporation is run by a 16-member executive committee of business, government and education leaders, all appointed by Engler.

It’s funded by casino revenue, investment gains and state general fund appropriations. No resident tax dollars are being used for the new building.

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