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RACER Trust: Empowering America's Auto Communities

Commercial and Industrial Properties That Are Primed for Sale and Development

U.S. Commercial Service, AmCham Canada, RACER Trust Welcome Canadian Business Leaders for Reception


Ambassador Heyman to Address Audience, Tout Deep Business Connections

The U.S. Commercial Service of the United States Department of Commerce, the American Chamber of Commerce in Canada and RACER Trust are co-sponsoring a reception for Canadian business leaders on Sunday, March 22, the eve of the SelectUSA Investment Summit near Washington, D.C.

U.S. Ambassador to Canada Bruce A. Heyman will host the 90-minute reception at the Gaylord National Hotel and Resort in National Harbor, Md. More than 100 guests are expected, including Vinai K. Thummalapally, Executive Director of SelectUSA.

“SelectUSA will offer new approaches to investment in the U.S. and in infrastructure in particular, providing great opportunities for Canadian businesses of all sizes, from SMEs to large multinationals,” Ambassador Heyman said.

Under Ambassador Heyman’s leadership, the U.S. Commercial Service of the U.S. Embassy and the American Chamber of Commerce in Canada have teamed together to bring over 80 Canadian business leaders who will participate in SelectUSA as part of the official Canadian delegation. The group represents over $9 billion in recent investments in the U.S.

According to Rick Tachuk, AmCham Canada’s Ottawa-based Chairman, “There is no better time to invest in the United States, and this is a message that is clearly being received by scores of Canadian companies and others around the globe. As each other’s largest international trading partners, Canada and the United States enjoy a unique and mutually beneficial relationship that rewards investment, and I look forward to exploring ways in which the U.S. can continue to meet the international business needs of our members and friends in Canada.”

“RACER Trust has received tremendous support from U.S. Commerce Secretary Penny Pritzker and her team, Ambassador Heyman and his team, and the economic development professionals in the U.S. Commercial Service and the American Chamber of Commerce in Canada,” said Elliott P. Laws, of EPLET, LLC, Administrative Trustee of RACER Trust. “Our redevelopment team continues to work closely with colleagues in the Commercial Service and the American Chamber to present investment opportunities to Canadian businesses, and we are confident that, as Canadian businesses become more familiar with the benefits of redeveloping RACER properties, we will continue to see increasing interest from Canada.”

Sunday’s reception is the evening before the two-day SelectUSA Investment Summit, an event that is expected to draw 2,500 business and economic development leaders from around the globe, as well as senior U.S. officials.

RACER Trust is selling former General Motors Corp. properties for redevelopment, reuse and jobs. It has prime industrial and commercial sites with abundant acreage in Indiana, Michigan, New Jersey, New York, Ohio and Virginia, each with multi-modal transportation assets, energy infrastructure and service, modern information technology and available, skilled workforces.

About the U.S. Commercial Service: The U.S. Commercial Service is the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration. U.S. Commercial Service trade professionals in over 100 U.S. cities and in more than 75 countries help U.S. companies get started in exporting or increase sales to new global markets and attract U.S. investment. To learn more about the U.S. Commercial Service, please call 1-800-USA-TRADE (872-8723) or visit www.export.gov.

About the American Chamber of Commerce in Canada: The American Chamber of Commerce in Canada (AmCham Canada) is a private, non-profit, membership organization that promotes the two-way flow of trade, goods, services and investment between Canada and the United States. AmCham Canada, with seven chapters located throughout Canada, is committed to promoting trade opportunities, advancing economic growth, and facilitating the mobility of people, goods and services across the longest undefended border in the world. For more information about AmCham Canada, please visit www.amchamcanada.ca.

About RACER Trust: RACER (Revitalizing Auto Communities Environmental Response) Trust was created to clean up and position for redevelopment properties and other facilities owned by the former General Motors Corp. before its 2009 bankruptcy. RACER is one of the largest holders of industrial property in the United States and is the largest environmental response and remediation trust in U.S. history. When the Trust was formed, it owned properties at 89 locations in 14 states, principally in the Midwest and Northeast. The Trust was created by a settlement agreement in the U.S. Bankruptcy Court between the U.S. Government, the 14 states where the former GM properties are located, and the St. Regis Mohawk Tribe, which owns land adjoining one of the properties in Upstate New York. For more information, please visit our website: www.racertrust.org.

3/20/2015 - U.S. Commercial Service, AmCham Canada, RACER Trust Welcome Canadian Business Leaders for Reception

3/19/2015 - RACER Trust Hires Terradex to Provide Environmental Monitoring Services

2/24/2015 - RACER-Sponsored Student Design Team Wins International Recognition for Research on Sustainable Remediation

2/6/2015 - Resources from SelectUSA

01/15/2015 - Sharing in Good News for Anderson, IN

1/13/2015 - RACER Trust Sells Vacant Land for Redevelopment in Detroit

12/17/2014 - RACER Trust Reaches Agreement with IRG for Sale of Buildings and Land in Pontiac, MI

12/10/2014 - RACER Trust Reaches Agreement with Ashley Capital for Sale of Industrial Land in Livonia, MI

12/02/2014 - RACER Trust Announces Sale to Wayne State University

11/24/2014 - RACER Trust Sells Land in Flint, MI, to Kettering University

11/10/2014 - RACER Trust, NorthPoint Development Agree to Terms for Sale of Industrial Land in Lordstown, OH

10/30/2014 - RACER Trust Announces 10-Year Lease Extension with Roth Global in Salina Industrial Powerpark

09/25/2014 - Brownfields 2015 Brings Focus on Sustainability and Redevelopment to Chicago

09/18/2014 - RACER Trust Honors Perras Environmental Control for Safe, Successful Remediation Work in Massena

9/11/2014 - Lennar Breaks Ground in Ewing

8/26/2014 - AMERICAN Cast Iron Pipe Company Begins Redevelopment of Buick City

8/7/2014 - M1 Concourse Completes Purchase in Pontiac

8/6/2014 - RACER Trust Completes Sale of Former GM CVO Facility to International Turbine Industries

8/6/2014 - CVO Remediation Team Earns EPA Honor

8/4/2014 - RACER Trust Announces Agreement to Sell Former GM Indianapolis Plant Property to REI Investments

8/4/2014 - How Do Detroit's Parolees Fit into the City's Revitalization?

7/29/2014 - How Much Cleaning Up Brownfields is Really Worth

7/29/2014 - The Perfect Partner for Closed Landfills?

7/13/2014 - RACER Trust is Working to Bring Jobs to Toledo

6/23/2014 - Yankee Air Museum Signs Deal for Part of Willow Run Bomber Plant

4/21/2014 - Rebirth of America's Dead Factories

4/1/2014 - Carl Garvey Named General Counsel of RACER Trust

3/6/2014 - RACER Trust Announces Sale of Former GM Livonia Powertrain Plant to Schostak Brothers & Company

2/4/2014 - Mayor Bert Steinmann and the Ewing Township Redevelopment Agency Announce Designation of Lennar Ewing, LLC as Redeveloper for Portion of Parkway Avenue Redevelopment Area

1/15/2014 - Statement from RACER Trust Regarding Donation of Land to City of Anderson, IN

12/09/2013 - RACER Trust Honors D.A. Collins Environmental Services for Successful Completion and 58,000 Safe Work Hours on Massena, N.Y., Project

11/13/2013 - AMERICAN Brings New Investment, Jobs to Flint, MI

11/1/2013 - Plans for $250 million project, up to 800 jobs at former GM site in Moraine, Ohio, ’The home run we have been looking for.’ “

9/30/2013 - NorthPoint, RACER Trust Close Sale in Kansas City, KS; Development Projects Will Create Up to 2,000 New Jobs

09/05/2013 - Connected Vehicle Research Center Planned on Site of Former Willow Run Powertrain Plant

08/08/2013 - RACER Trust Seeking Proposals from Qualified Firms for Redevelopment of Indianapolis Stamping Plant Site

08/01/2013 - Rosie the Riveter's factory gets 2-month reprieve

08/01/2013 - 'Rosie the Riveter' World War Two Bomber Plant Needs $8 Million to Live on as Museum

07/31/2013 - Michigan Aerospace Foundation, Yankee Air Museum and RACER Trust Announce Extension of the Fundraising Deadline for Former B-24 Plant at Willow Run

6/7/2013 - Former Indianapolis Stamping Plant to be Marketed as Vacant Land

6/6/2013 - Fox-47 Coverage of RACER Community Meeting in Lansing, MI

5/23/2013 - M1 Concourse to Buy RACER Land in Pontiac, MI, Develop Destination for Car Enthusiasts

5/16/2013 - RACER Trustee Elliott Laws Receives National Brownfield Leadership Award

4/24/2013 - RACER Trust Working with Yankee Air Museum On Deal for Portion of Willow Run Powertrain Property

04/17/2013 - RACER Trust, Ultimate Soccer Arenas Reach Agreement on Deal for Land in Pontiac, MI

4/02/2013 - Aircraft Maintenance Firm Buying Willow Run CVO Facility; Sale is Expected to Result in Creation of 25 Jobs

3/22/2013 - Sale and Redevelopment of RACER Trust Site in Kansas City, KS, Means 2,000 New Local Jobs

2/7/2013 - RACER Trust Awards Major Cleanup Contract for Former GM Site in Massena, NY, to Local Firm

1/30/2013 - Ewing Township, RACER Trust Agree On Unified Marketing Approach for Former GM Property

1/3/2013 - Elio Motors to Buy Former GM Plant in Shreveport, Expects to Employ 1,500 by end of 2015

12/28/2012 - RACER Trust Completes Sale of Former GM Facility in Ohio to Major Development Company

11/28/2012 - Redeveloping Former GM Sites for New Job-Creating Uses

11/28/2012 - Plans 'On Track' for Sale of Former GM Plant

10/31/2012 - Former GM Assembly Plant in Pontiac Sold for New Industrial Development

10/31/2012 - RACER sells Fiero Assembly plant in Pontiac to Lapeer-based company

10/19/2012 - Event showcases Massena to Canadian companies

9/28/2012 - Marketplace Highlights RACER Mission

9/24/2012 - Former GM Plant Near Shreveport, La., Offers Prime Opportunity for New Investment, Jobs

8/17/2012 - GM Pact Signed, Work Begins to Bring 1,100 Jobs

8/17/2012 - Ontario Council Signs GM Site Development Pact

8/17/2012 - New Plans For Previous GM Plant

8/17/2012 - Ohio Company To Buy Former GM Plant, Bring 1,100 Jobs to Area

8/16/2012 - Major Development Firm Reaches Agreement On Purchase Of Former GM Facility

8/16/2012 - RACER Trust Announces Deal to Sell GM Stamping Plant in Ontario to Brownfield Communities Development Co.

8/16/2012 - Developer Has Big Plans for GM Site in Ontario

8/16/2012 - Filling Building Will Generate Tax Revenues

8/16/2012 - Purchase Agreement Signed for Ex-GM Plant

8/16/2012 - Real Estate Firm to Buy Ex-GM Ohio Plant

8/16/2012 - Richland County: Redeveloped GM Plant to Bring 1,100 Jobs

8/16/2012 - Firm Heading Former GM Site Redevelopment to Sell Ohio Stamping Plant

8/16/2012 - Sale Of Former Ontario General Motors Plant Announced

8/16/2012 - Brownfield Communities Development Buys Ex-GM Facility in Ohio

7/30/2012 - Potential Advantages of Reusing Potentially Contaminated Land for Renewable Energy

7/27/2012 - Repurposing Former Automotive Manufacturing Sites

7/26/2012 - RACER Trust and UEP Detroit Team Up to Provide Opportunities for Minority Entrepreneurs

7/18/2012 - RACER Trust and Goodwill’s Green Works, Inc., Partner to Promote Recycling and Create Job Opportunities in Southeast Michigan

6/28/2012 - RACER Trust looks to convene new industrial activity across a huge portfolio of former GM properties

6/27/2012 - Former Bay City Official Joins RACER Trust Team

6/22/2012 - 'Rosie the Riveter' Bomber Plant in Michigan for Sale

6/21/2012 - Ex-GM Plants for Sale; Must Create Jobs

6/21/2012 - AnnArbor.com: Open House Showcases Former GM Properties

6/21/2012 - Forbes, Jalopnik.com highlight RACER

6/21/2012 - Detroit Free Press: RACER Trust Has Prospects for Buick City Property

6/20/2012 - Detroit News: 'Old' GM sites put to use

6/20/2012 - RACER Event Focused on Jobs, Redevelopment Draws More Than 200 to Willow Run

6/19/2012 - RACER Trust Open House Wednesday at Willow Run Features U.S. Government’s Jay Williams, Mathy Stanislaus

6/12/2012 - Mathy Stanislaus, EPA Assistant Administrator, to Participate in RACER Trust Open House June 20

6/7/2012 - Jay Williams is the Featured Speaker at June 20 RACER Open House

5/10/2012 - RACER Trustee Elliott Laws Presents at Federal Reserve Bank Conference "Reinventing Older Communities"

2/14/2012 - RACER Trust's Bruce Rasher named Chairman, President and CEO of National Brownfield Association

2/13/2012 - Spotlight: Anderson Plant Lighted the Way For GIs

2/8/2012 - RACER's Bruce Rasher appears on Green Sense Radio Show

1/17/2012 - RACER Trust Honors Brandenburg Industrial Service Co. for Safe Work Performance at Massena Site

1/16/2012 - Spotlight: From Red Brick Factory Walls to Golf Course Green

12/26/2011 - Flint Journal reports: Multiple companies discussing buying part of Buick City

12/8/2011 - NY Times Story: Developers Revive Closed Auto Plants

12/8/2011 - Spotlight: Syracuse Industrial PowerPark - From Parts To Multi-Manufacturing

12/5/2011 - RACER Trust Engages Tetra Tech to Continue Ontario Property Cleanup

11/3/2011 - Former White House Aide Joins RACER Trust Team

11/1/2011 - Industrial Contractor Buys Former
GM Facility in Pontiac to Expand Operations

10/24/2011 - RACER Official to Lead National Conference Panel on Investment Opportunities

10/12/2011 - Spotlight: Ewing Plant Built Avenger Bombers

9/13/2011 - Spotlight: Rosie the Riveter Worked at Willow Run

8/12/2011 - Massena Incident Won't Slow RACER Progress

8/9/2011 - Crain's Detroit Business Profile of RACER Trust

7/25/2011 - Former GM Property in Pontiac to be Redeveloped

7/8/2011 - MEDA Annual Meeting

7/6/2011 - RACER Sells Facilities in Ohio, Michigan

6/28/2011 - Former MI Official Selected for Key Role at RACER

6/20/2011 - Veteran Economic Development Leader Directing RACER Redevelopment Initiative

6/20/2011 - Rasher to address Michigan Economic Developers Association Conference

6/13/2011 - RACER Participates In Mayor's Automotive Coalition Webinar

5/10/2011 - Bruce Rasher Provides Expert Analysis

4/29/2011 - Important Announcement Concerning Environmental Contractors

4/5/2011 - Laws Presents at Brownfields

3/31/2011 - RACER Trust Formation Announced

10/20/2010 - US: Settlement with GM on Environmental Liabilities

10/20/2010 - US Settles With GM on Environmental Liabilities

10/20/2010 - White House Announces Trust to Cleanup and Repurpose 89 Former GM Properties