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Peterson Farms (2020)

Lansing, MI

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NMTC Amount: $11,000,000

Est. Total Project Cost: $22,000,000

COMMUNITY IMPACT

Already Oceana County’s largest employer, Peterson Farms is beginning an expansion project that requires a multi-year capital investment of $22 million but is expected to yield an additional 50-70 new jobs for the rural community. The project is also being supported by $3 million in net proceeds from Federal New Market Tax Credits from Michigan Community Capital and the Michigan Strategic Fund and a $1 million Community Development Block Grant through the Michigan Economic Development Corporation and the Michigan Strategic Fund. The project was also made possible through the efforts and collaboration of The Right Place and the Oceana County Economic Alliance.

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