PM Environmental, Inc. Acquires $1 Million in Funding to Help Revitalize Abandoned Auto Company Building into New American Lightweight Materials Manufacturing Innovation Institute
The American Lightweight Materials Manufacturing Innovation Institute (ALMMII) will bring new high skilled jobs to the city of Detroit, revitalize the property, and encourage mixed use and sustainable development.
DETROIT, Jan. 16, 2015 /PRNewswire/ -- The American Lightweight Materials Manufacturing Innovation Institute (ALMMII) opened Thursday, January 15th in the Detroit, Mich. Corktown neighborhood. The institute is one of four pilot centers of the National Network for Manufacturing Innovation (NNMI), a Presidential initiative to enhance the country's competitiveness. The project will bring new high skilled jobs to the city of Detroit.
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A portion of the amount invested in the building was acquired via grant funding through the Michigan Community Revitalization Program (MCRP). The Michigan Community Revitalization Program (MCRP) provides economic assistance in the form grants, loans or other economic assistance up to $10 million to projects that will revitalize properties and encourage mixed use and sustainable development.
PM Environmental, Inc. assembled and submitted an application on behalf of the ALMMII/Corktown project to acquire this funding. Approval notice came in July and the $1 million dollar grant was awarded in September. PM also completed environmental due diligence for the project including a Phase I Environmental Site Assessment (ESA), Phase II ESA, Baseline Environmental Assessment and Documentation of Due Care Compliance.
The 107,000 square-foot ALMMII facility was previously used as the Mexican Industries headquarters. The company made plastic moldings for the auto industry until it filed for bankruptcy in 2001. The building will now be used as a regional manufacturing hub to transfer innovative lightweight metals from research labs into cars, airplanes and ships for commercial and military applications. The institute will eventually have about two dozen full-time employees.
"Gaining this tenant for Corktown and Detroit is a huge success for the city," said Elizabeth Masserang, Brownfield and Economic Incentive Consultant at PM.
"None of this would have been possible without the collaborative effort put forth from all involved — the ALMMII, the tenant, West Fort Street Properties, and the owner of the building. I'm really excited to see the funding approved and for the project to come together."
About PM Environmental
PM Environmental, Inc. was incorporated in 1992 and is a full-service environmental consulting firm with offices throughout the United States. PM is ranked #1 in Michigan and nationally has ranked in the top 20 environmental consulting and engineering services company by EDR ScoreKeeper™ over the last five years. Services include Environmental Site Assessments, Property Condition Assessments, Brownfield Redevelopment, Environmental Compliance Audits, Building Facilities Services, Underground Storage Tank Management, LEED and Energy Auditing Services, and more.
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SOURCE PM Environmental, Inc.
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