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La Porte Urban Enterprise Association outlines $9.7 million reinvested, pledges $1 million for housing
Summary
Mike Riley presented the La Porte Urban Enterprise Association's 10-year accomplishments to the Common Council, citing $9.7 million returned to the enterprise zone in grants and incentives and a board commitment of $1 million over five years for housing and upper-story redevelopment.
Mike Riley, president of business services for the La Porte Economic Advancement Partnership and president of the La Porte Urban Enterprise Association, briefed the La Porte Common Council on June 2 about the enterprise zone’s programs and a decade of local investments.
Riley said the enterprise zone has returned roughly $9.7 million to the zone over time and supports at least 450 businesses and about 6,200 residents. The board described four main funding categories: business grants, special grants, residential grants and community enhancement grants.
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