The Michigan Commission of Agriculture and Rural Development voted at its regular meeting today to approve a grant for a local Michigan business, Precision Hardwoods, totaling $100,000. Precision Hardwoods will use the grant funding to increase their manufacturing capacity, for an expansion on their business space, for new advanced machinery, and to create 15 new jobs.
The funding for this project comes through the Michigan Department of Agriculture and Rural Development s (MDARD) Food and Agriculture Investment Program which provides financial support for projects that help expand food and agriculture processing to enable growth in the industry and Michigan's economy. Projects are selected based on their impact on the overall agriculture industry and food and agriculture growth and investment in the state.
"These funds invest in the future of not just Precision Hardwoods, but the future of the Onaway community through additional employment opportunities and greater demand for sustainable forest products, said MDARD Director Tim Boring. "This investment in Precision Hardwoods highlights our commitment to supporting economic advancement throughout the agricultural sector across Michigan."
Precision Hardwoods has been a key player in the hardwood production business for more than 10 years. Their products include green industrial lumber and grade lumber.
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Categories: Michigan, General, Rural Lifestyle