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# ALMA College and City of Alma Receive $2 Million Federal Funding for Small Business Hub Development

ALMA ÔÇö Alma College and the city of Alma, along with several regional partners, are set to benefit from a $2-million earmark in the federal government funding bill signed in March. This funding is designated for the development of a state-of-the-art, regionally-focused small business hub.

## Goals for the Center for Small Business Innovation, Incubation, and Development (BIID)

The new center aims to support and enhance the launching or growth potential of small businesses and entrepreneurs in critical sectors of the mid-Michigan economy. The development hub, known as BIID, is scheduled to be located in the former Brown Printing building in downtown Alma, with an expected operational timeline of 18 months after receiving the earmark.

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## Alma College President’s Statement

Alma College President Jeff Abernathy emphasized the importance of higher education institutions in fostering vibrant economic ecosystems. He highlighted the partnership between Alma College, the city of Alma, and community stakeholders in creating an infrastructure responsive to the economic needs of the mid-Michigan region.

## Key Employers Involved in BIID Project

The BIID project involves collaboration from key employers in the manufacturing community of Gratiot County, including Alma College, the city of Alma, and various educational institutions. The partnerships aim to create a conducive environment for small business innovation and development.

## Impact on Alma’s Downtown Area

Alma City Manager Aeric Ripley highlighted the positive economic impact the center will have on Alma’s historic downtown. The BIID project is expected to attract small business owners, students, and visitors to the downtown area, fostering business growth and community engagement.

## Opportunities for Students and Entrepreneurs

College and high school students from the region will have opportunities for tailored instruction, customized training, and skill development through BIID. The center will serve as a platform for students to enhance their competencies in technical, business, and engineering-related areas.

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## Support from U.S. Sen. Gary Peters

U.S. Sen. Gary Peters, an Alma College alumni, expressed his support for the funding bill. He highlighted the significance of the legislation in delivering critical resources to communities across Michigan, including Alma, and emphasized the importance of bipartisan collaboration in driving economic growth.

In conclusion, the development of the BIID project represents a significant step towards fostering innovation, entrepreneurship, and economic development in the mid-Michigan region. With the support of federal funding and collaborative partnerships, Alma College and the city of Alma are poised to create a thriving ecosystem for small business growth and community prosperity.

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