Keweenaw Economic Development Alliance
The Keweenaw Economic Development Alliance (KEDA) takes a leadership role in Houghton, Keweenaw and Baraga Counties--helping to expand and diversify the area's economic base in order to create family sustaining employment and to increase the economic well-being of the Keweenaw Peninsula region.
KEDA designs and implements proactive, sustainable programs that are focused on retaining and expanding existing firms, starting up new businesses, attracting entrepreneurs and companies to the Keweenaw, supporting development and improvement of infrastructure, revitalizing our communities, attracting and retaining talent, enhancing cultural and outdoor recreational opportunities, and initiating projects that create the conditions for future economic growth.
Fall is now upon us and so are our member meetings. Our meetings unless noted will be on the second Wednesday of the month at 7:30 a.m. at the Finnish American Heritage Center in Hancock.
The 2015-2016 meeting schedule to date:
September 9 - Keweenaw Economic Development Strategic Plan. An overview of the plan and implementation strategy by Jeff Ratcliffe, Executive Director of the Keweenaw Economic Development Alliance. Sponsored by Peninsula Powder Coating.
Monday, October 12 - Analysis of the Baraga, Houghton, and Keweenaw Labor Market with Leonidas Murembya, Regional Research Coordinator, Michigan Department of Technology, Management & Budget/Bureau of Labor Market Information and Strategic Initiatives. Sponsored by Pasty.Net & Allan's Realty.
November 11 - Michigan Bio-Materials Initiative with Mark Rudnicki and Terry Sharik, MTU School of Forest Resources and Environmental Science. Sponsored by the MTU School of Forest Resources and Environmental Science.
December 9 - Keweenaw Chamber, Keweenaw Young Professionals & KEDA "Business Ball" with CTE Scholarship Silent Auction. Sponsored by River Valley Bank and the Eisenhower Center.
January 13 - KEDA Annual Meeting - Election of Board Members and Annual Report. Sponsored by the L'Anse Warden Electric Company.
February 10 - Revitalizing our Communities. Panel discussion with Eric Waara, Manager, City of Houghton, Glenn Anderson, Manager, City of Hancock, Bob LaFave, Manager, Village of L'Anse, and Rob Tarvis, Administrator, Village of Calumet. Scott MacInnis, MacInnis Consulting will moderate. Sponsored by the Pine Mountain Music Festival
March 9 - Enhancing Cultural and Recreational Resources in the Keweenaw. Panel discussion with Diane St. Amour, President, Keweenaw Convention and Visitors Bureau, Lonie Glieberman, President, Black Bear, Inc./Mount Bohemia Ski Resort, Kathleen Harter, Acting Superintendent, Keweenaw National Historical Park, and Tony Sertich, Executive Director, Pine Mountain Music Festival. Lori Hauswirth, Associate Region Director, International Mountain Bicycling Association & Copper Harbor Trails Club Executive Director, will moderate. Sponsored by the Keweenaw Convention and Visitors Bureau
April 6 - Improving Infrastructure. Panel discussion with Aaron Johnson, Manger of the MDOT Ishpeming Transportation Service Center; Pasi Lautala, PhD, PE, Assistant Professor, Civil and Environmental Engineering and Director of the Rail Transportation Program at the Michigan Tech Transportation Institute; Jim Lundberg, Upper Peninsula Member Relatons Manager for Merit; and David McCowen, Key Account Executive, SEMCO Energy. Sponsored by Textron Aviation.
May 11 - Developing and Attracting Talent and KEDA Skilled Trades Scholarship Awards. Presentations by George Stockero and Shawn Kolbus, Copper Country ISD, Joel Schultz, COO, UPWard Talent Council, and Carrie Richards, Dual Career Program Coordinator, Michigan Technological University. Sponsored by River Valley Bank
June 15 - Fostering Business Growth in the Keweenaw. Panel discussion with Jim Baker, Executive Director, Michigan Technological University Innovation and Industry Engagement; Marilyn Clark, CEO, MTEC SmartZone; and Denise Hansen, Consultant, Region 1 Small Business Development Center of Michigan. Glen Simula, President of GS Engineering will moderate. Sponsored by MTU Innovation and Industry Engagement.
September 14 - Manufacturing in the Keweenaw: What it takes to operate a small facility here. Sponosred by Edward Jones - Zutter
October 12 - Energy Waste Reduction: How to Painlessly Improve Your Bottom Line. Please join us for an entertaining and informative discussion about reducing energy waste to keep more of your money. Non-profit directors Melissa Davis with New Power Tour & HEET and Bob Chapman with Michigan Interfaith Power & Light will present information and tips for saving energy at home and case studies, upgrade suggestions, and alternative financing for small businesses. All attendees will leave with a "Get Started" action tips sheet. There will also be a valuable raffle for a $50 credit off of three winners' small business energy bills. Sponsored by Michigan Interfaith Power & LIght, Efficiency UNITED, and SEMCO Energy Gas Company
November 9 - Update on the Keweenaw Research Center by Jay Meldrum, Executive Director. Sponsored by Keweenaw Research Center
December 14 (Tentative) - Business Ball. Join us for an evening of enterainment, networking and raising funds for the KEDA skilled trades scholarship program. Sponsored by KEDA, Keweenaw Chamber of Commerce, Keweenaw Young Professionals, and MTEC SmartZone.
January 11, 2017 - KEDA Annual Report. Sponsor Needed
February 8 - Federal Reserve Bank: Outlook on the Regional Economy wtih Ronald A. Wirtz, Director, Regional Outreach wtih the Federal Reserve Bank of Minneapolis. Sponsor Needed
March 8 -
April 12 - The Forest Industry in the Keweenaw. A panel discussion. Sponsor Needed
May 10 -
June 14 -
All meetings will be held at the Finnish American Heritiage Center in Hancock unless otherwise noted.
For more information on how to become a member of KEDA and support economic development in the Keweenaw, please contact Jeff Ratcliffe at 906-482-6817 or firstname.lastname@example.org.
Upcoming MIOSHA Health & Safety Workshops
January 13, 2016, When MIOSHA Enforcement Visits (8:30 a.m.-12:30 pm)
March 15-16, 2016, OSHA/MIOSHA 10 Hour Construction (2 days)
April 5, 2016, Part 45: Fall Protection (1 day)
October 20, 2016, Powered Industrial Truck (forklift) Train the Trainer Course (1 day)
December 13-14, OSHA/MIOSHA 10 Hour Construction (2 days)
January 24,25, & 26, General Industry 10 Hour Plus (3 days)
February 7, Health Hazards in Construction (1/2 Day)
March 8 & 9, Elements of a Health and Safety Program (2 days)
March 21, Part 12: Scaffold (1 day)
April 19, Excavations: The Grave Danger (1 day)
May 2, Part 45: Fall Protection (1 day)
All workshops are held at the Lakeshore Center community room, 600 Lakeshore Drive, Houghton. To register or for more information, contact Jeff Ratcliffe at 906-482-6817 or email@example.com.
Interested in Exporting?
The Michigan Economic Development Corporation (MEDC) and the U.S. Department of Commerce have teamed up to assist small businesses to begin to export their products and services. KEDA recently met with MEDC and DOC officials and was advised that they will assist local companies with:
- identifying target countries and distributors for our products and services. For example, China is a prime market for selling consumer products through a Chinese web site. MEDC employee WeiWei Lu can help you. Other countries such as Chile, Columbia, and Peru are needing mining engineering and equipment.
- trade missions and trade shows. USDOC employees will work with in-country Commercial Attache's to identify and arrange meetings just for your company
- Help with Financing of: translations of marketing materials, attending trade shows, travel and hotel costs through the MEDC STEP program. STEP can cover up to 50% of these costs. For example, a trade mission to China would cost only $5,900 plus airfare, and STEP would cover 50% of the $5,900.
Funding Opportunity: Small Company Innovation Program Grants
The Michigan Corporate Relations Network (MCRN) has announces Small Company Innovation Program (SCIP) grants to help small Michigan companies cover the cost of university research. These grants support the commercialization of a product or service by providing matching funds to make university research affordable. Michigan Tech and other Michigan universities are members of this network. Contact Brent Burns, MTU's Director of Corporate Partnerships, for more information at 906-487-3674 or firstname.lastname@example.org. SCIP's next application deadline in November 1. 2012. More details will be announced soon at www.michiganccrn.com/scip.
Small Business Loans
KEDA manages two local small business revolving loan funds (RLF) to provide working capital and to help businesses purchase machinery and equipment for projects in Baraga, Houghton, and Keweenaw Counites. Loans can be from $5,000 to $100,000 and are based on the borrower's ability to create new jobs for Keweenaw residents. Personal guarantees are required. Our RLF's can partner with local banks, the MTEC Superior Edge Fund, and Northern Initiatives to provide appropriate financing. For more information, click on the Financial Assistance button in the upper left corner of this page.
New State of Michigan Programs for Small Businesses
Develop Michigan Inc - a $20 million, nonprofit public-private partnership designed to provide financing tools for large and complex community redevelopment projects.
Grow Michigan LLC - a public-private partnership designed to fil capital gaps for small and medium-sized, job-creating businesses. Its aim is to help companies to finance growth and assist in transitioning ownership.
Pure Michigan Business Connect business-to-business network, a Web-based system that helps companies find collaborators, suppliers and new business opportunities. The network will include a directory of Michigan businesses and an online procurement marketplace.
State Trade Export Program (STEP) - This program provides financial assistance to Michigan companies with fewer than 500 employees for export-related activities.
Export Now - an online platform for consumer-product companies in Michigan to sell their products directly to Chinese consumers.
Instant Innovation Program - A facilitated brainstorming session arranged by the Michigan Corporate Relations Network to bring together technical experts from Michigan universities to provide solutions to a company's technical challenges.
Contact Jeff Ratcliffe, KEDA, at 906-482-6817 or email@example.com for more information.
Federal Procurement Represents a Huge Potential Market for Local Companies
Federal procurement represents a huge potential market for local company products. Some Keweenaw companies have had success in selling their goods and services to federal agencies, including the U.S. military, but many local companies have not yet entered this market due to the difficulty and complexity of the process and to the lack of personnel to devote to procurement. There is now help! KEDA has several resource that can work with your business to:
- Determine if state or federal government are buying your products and services
- Register with those state and federal agencies procuring your goods and services
- Monitor daily solicitations and notifying you of possible bids
- Interpret solicitation documents
- Help to submit bids, quotes and proposals
- Set up payment procedures, and
- Conduct market research to identify non-government markets, potential customers and competitors
You are encouraged to attend government procurement workshops sponsored by the Procurement and Technical Assistance Center (PTAC) serving the Upper Peninsula, and to arrnange a visit by the UP PTAC representative, Don Makowski. Contact Don at 906-789-0558 x 244 or via e-mail at firstname.lastname@example.org. The next procurement workshop is:
USDA Renewable Energy Grants and Loans for Small Rural Businesses
The U.S. Department of Agriculture has recently announced the availability of Renewable Energy and Energy Efficiency grants and guaranteed loans for small business in rural areas. The grants and loans can be used to conduct energy audits, feasibility studies and to purchase energy efficient equipment or construct energy efficient facilities. For more information, go to www.rurdev.usda.gov/rbs and click on Farm Bill 9006 resources. Or, contact KEDA for a summary sheet describing eligibility and types of projects.
Long-Term, Fixed Asset Financing and Refinancing Available Through SBA 504 Program
The U.S. Small Business Administration offers up to 40% of project costs or refinancing at below market rates for fixed assets (real estate, buildings, equipment). Total project costs must be at least $200,000 up to $10 million, and the borrower must be a small business with a net worth less than $7.5 million and average net profit less than$2.5 million for the past two years. The Michigan Certified Development Corporation packages these funds in the form of debentures that are sold in the market place. A bank loans 50% of project costs and the borrower provides 10% equity which does not necessarily need be cash. The 504 funds are provided at a fixed rate for 20 years for real estate and 10 years for equipment. Read a longer description of this financing program by clicking on "finmechs" in the pull down menu in the upper left corner of this page, then scroll down to "Federal Financial Assistance." Contact Darlene Merritt, Michigan Certified Development Corporation, 231-878-1302 or email@example.com for more information.