Albion Economic Development Corporation
Albion Economic Development Corporation
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Identified Resources/Focuses:
Meetings are held on the fourth Wednesday of the month, 1:00 pm at the Albion Economic Development Corporation office, 115 N. Superior St. Albion, MI 49224 and virtually.
Advocate for attainable housing that meets the needs of the City's businesses and workforce and
residents through public and private partnerships to improve the overall housing stock in Albion.
Meetings are held on the third Thursday of the month, at 9:00 am, at the Albion Economic Development Corporation office, 115 N. Superior St. Albion, MI 49224 and virtually.
The Workforce Taskforce will identify priorities and strategic initiatives to create a comprehensive approach to workforce development in Albion. The Workforce Taskforce is comprised of representatives from the Greater Albion Area Chamber of Commerce, Albion College, Kellogg Community College, Marshal Public Schools, Michigan WORKS! Southwest, and an Albion EDC Board Member.
Meetings are held on the third Monday of the month, at 9:00 am, at the Albion Economic Development Corporation office, 115 N. Superior St. Albion, MI 49224, and virtually.
All residents of the City of Albion are key stakeholders and will continue to be in the future development of our community.
Meetings are held based on the needs and opportunities presented.
Meetings are held on the third Wednesday of the month, at 9:00 am, at the Albion Economic Development Corporation office, 115 N. Superior St. Albion, MI 49224, and virtually.
We are not able to officially form a CSA Committee and begin the process of competing to become a CSA here in Michigan as slots have not yet been identified and opened. We want to be ready to form an official Committee / Taskforce when that time comes, which we believe will be in 2024.
Meetings are held on as needed at the Albion Economic Development Corporation office, 115 N. Superior St. Albion, MI 49224, and virtually.
Match on Main is a reimbursement grant program that serves as a tool to support new or expanding place-based businesses by providing up to $25,000 in funding to an eligible small business through an application submitted, administered, and managed by the local unit of government, downtown development authority, or other downtown management or community development organization where the business is located. The Match on Main Taskforce reviews all applications and votes on which ones to move forward to submit to the MEDC.
Meetings are held on as needed at the Albion Economic Development Corporation office, 115 N. Superior St. Albion, MI 49224, and virtually.
RLF funding will support the diversification of industry, redevelopment of brownfields, and revitalization of the downtown and commercial corridors. The RLF is intended to be a source of gap financing to businesses that contribute to the economic health of the community.
A Revolving Loan Fund Committee reviews all loan recommendations, makes recommendations to the EDC board for loans over $40,000, and upon delegation by the EDC board, makes loan approvals for loans of $40,000 or less. This committee is comprised of seven members. A minimum of three of the seven committee members must be members of the EDC Board of Directors. Albion and Sheridan Townships are represented by one member each; these members are selected by the respective Township Supervisors. The other five members are chosen by the EDC board of directors. Candidates to fill vacancies in the five board-appointed positions are recommended by the committee to the EDC board of directors. Every effort is made to ensure that financial expertise and racial and gender diversity are represented in the committee.
Meetings are held on as needed at the Albion Economic Development Corporation office, 115 N. Superior St. Albion, MI 49224, and virtually.
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