GRAND RAPIDS, MICH. (11/02/17) – Today, The Right Place, Inc. and the Newaygo County Economic Development Office (NCEDO) announced they have assisted Ceres Solutions Cooperative (formerly North Central Co-op) with the next phase of the company’s investment in White Cloud, Michigan.
The new $350,000 project will increase logistics capacity at the site, including a new rail siding, existing track improvements, and the installation of ingredient receiving pits.
Mark Guzniczak, business development coordinator for NCEDO, assisted the company with its application for a Michigan Department of Transportation (MDOT) Freight Economic Development Program loan. The loan program will provide the funding needed for the project’s rail improvements.
“This latest project is yet another example of the important role NCEDO plays in spurring economic growth in our community,” said Todd Blake, City Manager/Finance Director, City of Fremont and current NCEDO Chair. “NCEDO exists to provide business support services like this to growing companies in Newaygo County.”
Through its Freight Economic Development Program (FEDP), MDOT's Office of Rail provides low interest loans to businesses locating or expanding in Michigan that require rail service, or to entities interested in assisting these businesses. These loans may cover up to 50 percent of the cost of the rail infrastructure, and are limited to the rail infrastructure itself.
“NCEDO and MDOT have provided us with all the tools and support we need to succeed in West Michigan,” said Martin Hall, Michigan Region Manager, Ceres Solutions. “Without their support, this project would have taken much longer and would have slowed our growth in the state.”
NCEDO and Ceres Solutions (then North Central Co-op) first announced the company’s major expansion in White Cloud in 2016, which included a $10 million investment and the creation of three new jobs.
About The Newaygo County Economic Development Office
NCEDO, Inc. is a private, non-profit organization established to provide economic development services to the businesses of Newaygo County. NCEDO’s mission is to “Create a dynamic environment of economic opportunities for the Newaygo County Community” and to continue to make Newaygo County a great place to live, work and play. Over the past 12 years, the work of NCEDO has resulted in $359 million in private and corporate investments in Newaygo County.
About Ceres Solutions Cooperative:
Ceres Solutions Cooperative is a 100 percent farmer owned supply and service agribusiness that welcomes all customers. Originally established in the 1920s, our predecessor co-ops brought collective power and dependable products to local farmers. Since then, our business has evolved to encompass all aspects of seed, agronomics, technology, crop services, animal nutrition sales and consultation, and grain marketing partnerships. In addition, development of a robust home heat propane and farm and commercial fueling operation has benefited members and non-members alike. Every day, more than 650 team members work hard to earn and keep each customer’s trust. Today, we’re serving more than 40,000 customers from approximately 60 agronomy, energy and feed locations in 35 counties across Indiana and Michigan. To learn more, visit ceres.coop.
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