Hancock Business & Technology Park Receives MEDC Grant

HANCOCK BUSINESS + TECHNOLOGY PARK RECEIVES $969,352 GRANT

The Hancock Business + Technology Park will receive $969,352 for the development of the industrial park in Hancock and will help expand and diversify the economy in the Houghton/Hancock area. Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) to announce the approval of $87.5 million in grant funding for 18 projects across the state of Michigan through the Strategic Site Readiness Program (SSRP) to support the state’s efforts to compete for and win transformative projects.

“On behalf of the City of Hancock, we are thrilled to be awarded funding from the MEDC Strategic Site Readiness Program for our 40-acre Hancock Business and Technology Park,” said Mary Babcock, City Manager, City of Hancock. “This crucial funding will pave the way for the creation of shovel-ready sites, fostering new opportunities for businesses to flourish and grow. As a small community with limited resources, this support is a significant step forward�”a game changer not just for Hancock but for our neighboring communities as well.

“Thank you MEDC for providing the funding to help the community of Hancock build their capacity for the Hancock Business and Technology Park to further compete in today's society,” said State Representative Greg Markkanen (110th District).