The Transportation Economic Development Fund (TEDF) Category A grant for $300,000 will leverage $410,290 in local matching investment, and $1.1 million in private investment.
Austin Brothers Beer Co. is a new production microbrewery in Alpena. The company will produce and sell craft beer wholesale through bars, restaurants, and stores, and on-site through a self-managed tasting room and beer garden. The company is investing $1.1 million to renovate an existing vacant building and install brewing equipment. They will be adding 11 new full-time production jobs.
Specification Stone Products in Alpena operates a limestone quarry near the intersection of Long Lake Road and Commerce Drive in Alpena. The company produces materials ranging in size from aggregate dust to heavy boulder rip-rap. To meet increased demand, the company will be adding four full-time positions.
To provide Austin Brothers access to a public road and to substantially reduce shipping costs for Specification Stone and other industrial users in the area, the city will construct a new all-season road between Johnson Street and Long Lake Avenue. The current all-season route requires trucks to go north on Long Lake Road to Hamilton Road, and then west to reach US-23. The revised route will enable trucks to access US-23 via Johnson Street, which will reduce the travel distance by several miles.
The total cost of this project is $710,290. The City of Alpena is contributing $410,290 in matching funds and project-related work, or about 58 percent of the overall project cost, with the TEDF grant providing $300,000, or 42 percent of the project cost.
Enacted in 1987 and reauthorized in 1993, the TEDF helps finance highway, road and street projects that are critical to the movement of people and products, and getting workers to their jobs, materials to growers and manufacturers, and finished goods to consumers. TEDF “Category A” or “Targeted Industries Program” grants provide state funding for public roadway improvements that allow road agencies to respond quickly to the transportation needs of expanding companies and eliminate inadequate roadways as an obstacle to private investment and job creation. Eligible road agencies include MDOT, county road commissions, cities and villages. More information about the program is available online atwww.michigan.gov/tedf.