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Regional economic development group outlines $2.1M grant program, kiosks and housing targets
Summary
Target’s executive director told the council of a $2.1 million MEDC grant creating a Small Business Support Hub, direct $5,000 grants to local firms, a 60-business mentorship, and plans for roughly $271,000 in kiosks and housing projects to spur investment in Alpena.
An executive director of Target (organization name as used in the transcript) presented the group’s first semiannual report under new leadership and summarized major initiatives the group will pursue in 2026.
The presentation emphasized four pillars: (1) building regional capacity including work on Qualified Opportunity Zones and advocacy at the state level; (2) strengthening partnerships with the Alpena Chamber and local businesses; (3) small business support driven by a $2,100,000 Michigan Economic Development Corporation (MEDC) grant that established a Small Business Support Hub and funded direct…
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