Economic Development
MAREC is part of the Muskegon Lakeshore SmartZone, a joint venture with the Michigan Economic Development Corporation, the city of Muskegon, and Grand Valley State University. The Muskegon Lakeshore SmartZone is intended to promote and attract high technology business development in Muskegon and the region. MAREC has 4,000 square feet (400 m2) of space devoted to incubating businesses that will research and develop alternative energy sources and uses. The focus on alternative energy is expected to be a catalyst for economic development and job growth in the area. Research and development initiatives will also fuel business expansion at Edison Landing, the 32-acre (130,000 m2) SmartZone being transformed into a multi-use office, retail, and residential center. Overall SmartZone development is expected to complement the array of human, physical, and capital investments made at MAREC.
Read more about this topic: Michigan Alternative And Renewable Energy Center
Famous quotes containing the words economic and/or development:
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