Cheboygan County Economic Development Corporation
The Cheboygan County Economic Development Corporation is a County authority that provides information and facilitates expansion of employment opportunities in Cheboygan County. We can provide you with assistance in making the best contacts with economic development resources. We can also assist in obtaining the necessary permits from various government agencies. The CCEDC is supported through the Cheboygan County Community Development Department. Please contact Steve Schnell, Community Development Director, at (231)627-8485 or Scott McNeil, Community Development Planner, at (231)627-8475, with any questions.
If you would like to be part of this process, please join us at our monthly meetings. The meetings are held on the 3rd Thursday of the month, at 1:00 PM in our County Commissioners' Room.
NEWS
We welcome a new board member, Bob Andrews. Bob is a business owner and is a welcome addition to our EDC.
The County has created a RECOVERY ZONE for all of Cheboygan County. This makes certain business expansions and government projects eligible for $4 million worth of special bond financing available within Cheboygan County.
RZEDBs are to be issued as taxable Build America Bonds, eligible for a 45% interest subsidy paid to the issuer. Economic development bonds are intended to allow state and local governments to finance projects such as infrastructure improvements and job-training programs.
RZFBs are private activity bonds issued on behalf of private companies. These bonds are similar to Private Activity Bonds, but have more flexibility. RZFBs allow tax-exempt financing for projects which historically would not qualify either due to type or size of project (large manufacturing plants, distribution centers, hotels, research parks, etc.). Tourism and redevelopment of Brownfields are two major areas that might be targeted for this financing.
It should be noted that this allocation authorizes the issuance of reduced interest rate bonds, it does not provide guarantees. Bonds must be marketable, meaning that an identified and secure source of repayment must be identified.
Please contact Steve Schnell for more details on this program (231-627-8485).
Brownfield Redevelopment Authority has money to assist with the development or sale of commercial or industrial property. See if our Brownfield program can help you position a property for sale or development.
Cheboygan County's Economic and Demographic Profile (This link will take you to the MEDC website.)
Jobs and our economy - Want to know where the jobs are and where they're not? View an informative animation on jobs gained and lost since 2004 across the country.
Economic Stress Index - The Associated Press (AP) has created an AP Economic Stress Index that intends to describe the financial strain on counties throughout the country.