East Lansing, Jul 01, 2014 -- Contact: Alec Lloyd (517) 324-5204
USDA Commemorates Ribbon Cutting for Bangor Bio-Based Manufacturing Facility
EAST LANSING, July 1, 2014 – U.S. Dept. of Agriculture Rural Business-Cooperative Service Administrator Lillian Salerno today commemorated the ribbon cutting for the Marrone Michigan Manufacturing’s bio-based manufacturing facility plant located in Bangor.
“Bio-manufacturing facilities like the M3 plant opening we are celebrating today are instrumental to bringing high-quality, good-paying jobs to rural communities,” said Salerno. “By working together, we are showing that rural communities can compete and thrive in the growing bio-based economy. “
USDA Rural Development provided a $10 million guaranteed loan to Marrone Bio Innovations, which owns M3 and used the funds to add 6,600 square feet to the 11,400 square foot facility. The plant produces bio-based fungicide, insecticide and molluscicide – the latter being used to control invasive zebra and quagga mussels
The loan is funded through the USDA Rural Development Business and Industry Guaranteed Loan program. The expansion will permit the introduction of additional bio-based product lines and is projected to add up to 50 jobs at the facility.
“Marrone Michigan Manufacturing has already added more than 20 jobs to the area,” said USDA Rural Development Michigan State Director James Turner. “This project exemplifies the way we are working with entrepreneurs and communities to revitalize Michigan’s rural economy.”
USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call (800) 795-3272 (voice), or (202) 720-6382 (TDD).