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EDA approves $7,250 cost share for assisted‑living market study to test local demand
Summary
The EDA approved funding to split a $14,500 market study intended to update a 2015 analysis and project demand to 2030; Phase 2 community engagement is conditional on Phase 1 findings with completion aimed for mid‑2026.
The Cook County–Grand Marais Joint Economic Development Authority voted Dec. 16 to contribute $7,250 toward a $14,500 assisted‑living market study intended to determine whether the county can support assisted‑living and memory‑care units.
Executive Director Jeff Brand said the 2015 study’s conclusions no longer account for recent regulatory changes and inflation. "We kind of have to do some homework first and the homework first is to have this market analysis conducted," Brand said, adding the study would produce a clear, data‑driven basis for conversations with lenders and developers. He said the scope projects demographic and demand data through 2030 and that the study does not include community engagement; that would be Phase 2 if Phase 1 results justify it.
Commissioners asked about public engagement, timeline and workforce. One commissioner said community engagement could yield much of the qualitative information at low cost and noted a planned January presentation from a regional demographic specialist (Carson). Brand estimated Phase 1 would be complete by mid‑2026.
The board unanimously approved the cost share by roll call. Staff will proceed to execute the agreement, with a follow‑up report and recommendation on Phase 2 anticipated after study completion.
