MTEP is an opportunity to start the process. The mission for the park is to create, attract, retain and expand technology-based companies and their research enterprises by creating a nurturing place for technological innovation. Mr. Radecki showed the Councils a slide show of the proposal. The proposal includes tax capture from both Cities and contributions from Michigan Tech including, human resources and technology. The Keweenaw Industrial Council can provide business services for small businesses.
Local businesses can provide services to the new businesses and developers can renovate buildings.
The Michigan Economic Development Corporation will nationally advertise the Smart Parks. The Keweenaw Research Center has experience in developing collaborative projects with the University and companies. Michigan Tech can provide laboratory space on a temporary basis. The park does not need to be located in one building. The park can consist of many buildings in the local area.