Keweenaw Economic Development Alliance

“Expenses office supplies 1,088 office equipment 12 travel 1,394 travel 775 travel 310 travel 619 conferences/meetings 1,213 conferences/ meetings 513 conferences/meetings 205 conferences/meetings 410 insurance 1,227 bank charges 624 contract services 90,472 internet 50 telephone 600 misc 143 meals 299 non-investment depreciation 107 total 100,061”

“Book / tax depreciation difference -7”

“Accounts receivable 3,890 2,808 backstreet cafe inc 3,000 0 locos amigos 43,276 46,445 keweenaw specialty woods 9,293 5,667 align chiro 13,033 9,392 maching process tech 20,000 0 mtu worham 3,060 19,568 quincy woodwright 55,367 46,493 quincy woodwright 44,293 36,057 4,897 4,897 less accumulated depreciation 4,756 4,870 total 195,353 166,457”

“Prepaid dues 0 0 scholorships awarded 500 0”

“Improving the economy of the keweenaw region in order to relieve poverty and lessen neighborhood tension caused by the lack of jobs, combat community deterioration by stabilizing and rehabilitating downtown buildings, developing a mix of housing, establishing new businesses, growing existing businesses, eliminating conditions of blight, and providing benefit to the under and unemployed.”

“Fostering business growth including 533 retention visits, assistance to 203 sbdc clients, packaging cdcg assistance for one company, completed mdard hops dryer r&d project, 2 rlf loans, and 6 miosha trainings attended by 96 people - 45% of expenses”

“Other includes infrastructure development, enhancing cultural and recreation opportunities, fundraising, and administration”