Muskegon Retail Incubator gets $125K from Consumers Energy Foundation
The Consumers Energy Foundation has awarded $125,000 to support the new Muskegon Retail Incubator, which helps entrepreneurs develop sustainable retail businesses in downtown Muskegon.
It is the 10th and final $125,000 matching grant that the utility’s foundation has made during 2012 to celebrate the company’s 125th anniversary. Because they require a match, the anniversary grants generated $2.5 million in total to community investment projects across the state, each in a different community. Grand Rapids and Kalamazoo were among them.
Offices of the Muskegon Retail Incubator are at the new Russell Block Market on W. Western Avenue downtown.
David Mengebier, president of the Consumers Energy Foundation, said the Muskegon Retail Incubator “is an economic magnet that attracts new retail businesses and is helping to energize downtown Muskegon.”
One new business now setting up in the Russell Block Market is Unruly Brewing, the city’s first microbrewery, which will open in the spring.
Terry MacAllister, chairman of MRI’s board of directors, said supporters of the Muskegon Retail Incubator conducted an “extraordinary community fundraising effort to raise the necessary matching funds.”
The Muskegon Retail Incubator is a 501(c)(3) nonprofit organization with the sole purpose of promoting the economic recovery of the downtown Muskegon area by providing assistance and resources to small business owners.