Elizabeth Masserang Named to Board of Oakland County Economic Development Corp.

Courtesy of PM Environment

Elizabeth Masserang, regional director of brownfields and economic incentive services at PM Environmental in Berkley, has been named a director to the board of the Economic Development Corp. (EDC) of Oakland County.

“EDC Oakland County’s mission is to focus support for investment in Oakland County municipalities. As an Oakland County resident myself, I am very excited about this opportunity to become more involved in supporting projects within my community,” says Masserang.

EDC Oakland County is a trusted partner among lenders and businesses, established in 1980 under Michigan Public Laws Act Number 338 of 1974. EDC’s mission is to stimulate business capital investment, contribute employment in the region, increase the local tax base and provide needed public services.

To achieve these goals, EDC’s tax-exempt tax bond program helps manufacturing companies and 501(c)3 non-profit organizations strengthen and revitalize the economy through loans for capital expenditures. capital. It has the power to acquire property, develop land, construct buildings and finance equipment and machinery.

“I was thrilled when an OC-EDC representative contacted me about this important appointment. I felt like they already knew who this candidate would be and I would think the same and that Elizabeth was the only choice besides being the best candidate for this prestigious position,” said Michael Kulka, CEO and co-founder of PM Environmental. . “PM has a long-standing relationship with the county as a strategic provider of its economic growth initiatives.”

Since starting in PM’s Economic Incentives Department, Masserang has successfully secured more than $130 million to assist with brownfield plans, tax abatement and subsidies in the southeastern region of Michigan. These funds facilitate the redevelopment of contaminated, dilapidated or functionally obsolete properties that would otherwise be left vacant and unusable.

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