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UP entities receive federal money to bolster economic growth

MARQUETTE, MI— Two Upper Peninsula-based public-private partnerships have received federal funding to spur economic development.

The money is provided by the U.S. Department of Treasury through the Community Development Financial Institutions Equitable Recovery Program.

The Lake Superior Community Development Corporation in L'Anse is getting $505,683. It’s a Native institution that aims to increase the assets and self-sufficiency of clients through homeownership and entrepreneurship. And Northern Initiatives in Marquette will receive $2,478,839. The company provides loans and business services to entrepreneurs and small business owners.

The money aims to spur investment and bolster economic growth in Michigan communities hit hardest by the COVID-19 pandemic.

Nicole was born near Detroit but has lived in the U.P. most of her life. She graduated from Marquette Senior High School and attended Michigan State and Northern Michigan Universities, graduating from NMU in 1993 with a degree in English.