Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) today to announce two business expansion projects and one community revitalization project expected to create a total of 136 new jobs and generate a total capital investment of $22.5 million have received support from the Michigan Strategic Fund. The projects are in Cadillac, Southfield and Marquette.
“These projects will create 136 good-paying jobs and invest $22.5 million into our communities, building our economic momentum and underscoring our commitment to supporting every corner of the state,” said Governor Whitmer. “Let’s keep competing to win projects that bring good-paying, high-skill jobs home so everyone, in any community, can ‘make it’ in Michigan. Together, we will continue sending a clear message that Michigan is open for business and building on our momentum.”
“Today’s investments underscore Team Michigan’s commitment to delivering long-term economic growth for all Michiganders,” MEDC Sr. Vice President of Regional Prosperity Matt McCauley. “We are grateful to the Governor, legislators and local partners for their continued support of our efforts. These projects reflect our commitment to seizing opportunities that make Michigan an even better place for each of our 10 million-plus friends and neighbors to live, work, visit, play, and create futures. We will continue working to win projects, invest in places and support our people as we encourage businesses of all sizes to make it in Michigan.”
New mixed-use development will boost economic activity, bring new housing and vibrancy to downtown Marquette
Ore Dock Real Estate, LLC plans to construct and rehabilitate a mixed-use development located at 214 Front Street in downtown Marquette. When completed, the project will include four residential units, commercial space, a restaurant, and outdoor beer garden. The project will allow the existing Ore Dock Brewery to expand its existing facility, which will spur additional investment and visitors to the downtown.
“I’ve been happy to advocate for state investments that support Marquette’s goals of adding jobs and housing,” said state Representative Jenn Hill (D-Marquette). “These kinds of projects in U.P. communities help us attract and retain talent, which is a major priority right now.”
The project is expected to generate a total capital investment of $7.8 million and create six full-time equivalent jobs. In addition to bringing new housing and redevelopment to the area, the project is expected to drive additional foot traffic and increase the economic vitality of the local businesses. The City of Marquette Brownfield Redevelopment Authority has received MSF approval of state tax capture valued at $352,605 to be used for the reimbursement of brownfield activities at the site.
The city of Marquette Downtown Development Authority will support the project by waiving downtown parking fees for the construction period. The City of Marquette Brownfield Redevelopment Authority is supporting the project through the local portion of the brownfield work plan, valued at $405,605. Ore Dock Brewery is also an awardee of MEDC Match on Main and Revitalization And Placemaking funding to help support the project. The city of Marquette is certified with MEDC’s Redevelopment Ready Communities program.
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