The Michigan Economic Development Corp. has made a $1 million grant to Eastern Market Corp. to support a new community kitchen remodel of one of the sheds at the historic Detroit market.
The grant was made as part of the Michigan Community Revitalization Program, which provides grants, loans or other economic assistance of up to $10 million to projects that will revitalize regional urban areas, act as a catalyst for additional investment in a community, reuse brownfield and/or historic properties and promote mixed use and sustainable development.
The project builds on Detroit’s growing urban agriculture movement and will bring a new vitality to the Eastern Market district, Gov. Rick Snyder said in a release.
“This project will support entrepreneurship and small businesses, strengthen the community and create jobs in Detroit,” he said.
Eastern Market will use the funding to support renovations of Shed 5 in the market and add a new community kitchen in the shed to provide working space for new, local food entrepreneurs.
Eastern Market expects the project, when complete, to serve as a regional hub for local food production, processing, distribution and retailing. It will also offer space for culinary and nutritional education programs, plant and flower sales and public space for events.
The project is expected to generate a total capital investment of approximately $8.2 million and add 36 full-time equivalent jobs, the MEDC said in a release.
The city of Detroit is supporting the project with bond revenue valued at $1.5 million and a $330,000 community development block grant.