$2 Million Going Toward Detroit Redevelopment Project
Millions of dollars in loans is going toward a new place to work in metro-Detroit.
More than $2 million in loans and a grant has been awarded to help redevelop an old steel mill.
The Department of Environmental Quality says the funding is for the Ferrous Cal Co. redevelopment project.
The company plans to redevelop the former steel mill into a state-of-the-art facility for annealing — a process that involves heating metal or glass to make it stronger.
It hopes to create more than 100 jobs.