Keweenaw Economic Development Alliance

“Expenses advertising 52 website 225 office supplies 282 travel 4,118 conferences/meetings 4,586 insurance 1,003 bank charges 615 contract services 94,696 internet 50 telephone 200 misc 15 meals 947 non-investment depreciation 102 total 106,891”

“Book / tax depreciation difference 18”

“Accounts receivable 11,218 1,330 keweenaw specialty woods 3,639 0 align chiro 5,516 1,394 pm power group 75,475 65,365 up north pizzeria 46,351 41,205 5,697 5,697 less accumulated depreciation 4,920 5,004 total 142,976 109,987”

“Accounts payable and accrued expenses 17,500 2,435 prepaid dues 0 0 scholorships awarded 0 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”