Ferris building renovation in downtown Flint to get $2.5 million grant

FLINT, MI — The state awarded a $2.5 million Michigan Strategic Fund grant to support the Flint Ferris Wheel Innovation Center and 100K Ideas in downtown Flint.

With the renovation of the seven-story building comes 100K ideas, an innovation platform that is expected to “put a new spin on the way innovators approach the startup process by offering a ‘one-stop-shop’ to support them from concept to commercialization,” according to the Michigan Economic Development Corporation.

“Not only will this project redevelop a seven-story vacant building in downtown Flint, but the business climate and entrepreneurial hub will add vibrancy, people on the street, and a viable way forward for many Flint residents well into the future,” said Steve Arwood, CEO of the MEDC. “Our hope is that entrepreneurial businesses graduating from the space will continue to thrive in downtown Flint, locating their businesses to surrounding buildings and commercial spaces.”

Read entire story at MLive.