Projects that will support growth and economic recovery in seven communities including Kalamazoo, Adrian, Allegan, Calumet, Hastings, Ironwood, and Mason have received support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced Wednesday.
In total, the projects are expected to generate a total private investment of $5.73 million and will bring new vitality and economic activity in downtowns across the state.
“Today’s MSF approvals demonstrate our continued focus on laying a path for economic growth and recovery in Michigan, while continuing to support the community projects that will secure the long-term economic health of our state,” said MEDC Senior Vice President of Community Development Michele Wildman. “We are pleased to work with our local partners on these projects, which will help make Michigan an even more attractive place to live, work, and play.”
The village of Calumet has been awarded $259,266 in CDBG funds for façade improvements needed for the Village of Calumet Façade Improvement Project. The project includes the exterior renovation of four historically significant buildings on Fifth Street in downtown Calumet. CDBG-eligible activities include brick repair and restoration, painting signage, repair or replacement of doors and windows and more.
The project is expected to generate a total private investment of $69,089 and will result in high-impact aesthetic improvements that will encourage additional business and pedestrian traffic. The village of Calumet’s Downtown Development Authority is expected to contribute $10,000 toward the project.
The city of Ironwood has been awarded $255,065 in CDBG funds for the Rental Rehab at 323 S. Stephenson Project in downtown Iron Mountain. The project will consist of the restoration of a vacant historic building into a mixed-use development that will include four new residential units on the second floor.
The CDBG funds will be used for interior demolition and installation of new walls, plumbing and mechanical upgrades, and other interior improvements. The project is expected to generate a total private investment of $251,981 and will bring much-needed housing to downtown Iron Mountain. The city of Iron Mountain plans to support the project through approval of a 10-year Commercial Redevelopment Act tax abatement.
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