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Coldwater named a Five Star Economic Development Community

COLDWATER, MI (WTVB) - Coldwater has been recognized for its work to foster entrepreneurial growth and economic development in the annual eCities study conducted by researchers at iLabs, University of Michigan Dearborn’s Center for Innovation Research. The Branch County Economic Growth Alliance says Coldwater was honored as a five-star community along with 29 other communities across the state. City Manager Jeff Budd, stated “We are very proud to be named a 5 star community. Our management team’s goal is to make Coldwater a great place to live, work and play.Coldwater has retained our small town atmosphere while offering big city opportunities for employment and services.” City Planner Keith Baker added “ The UM-Dearborn’s iLabs’ eCities designation of the City of Coldwater as a Five Star Community reaffirms the community’s  efforts to cultivate jobs, foster economic development and recognizes the area as an excellent place in which to start or grow a business.”

Five-star communities spend a combined $2.2 million on economic development, have 15% of Michigan’s population with a professional degree and 92% share services related to economic development with another municipality.