Elliott & Sangster, PC | Application Preview
Elliott & Sangster, PC is seeking government grants to help cover building costs for a housing project in Cheboygan. The local government has requested new housing to accommodate at least 50 households, with plans to expand to 200 units over the next five years. Their current project includes a single-family housing development with the potential for 110 homes, although only one has sold so far.
The business emphasizes that they are focused solely on securing grants, not seeking investors. Given the lack of competition in the area, they believe their project has a competitive edge, as they are positioned to respond to a population and economic shift towards the eastern side of the state.
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General Information
Business Registration Number: 383197051
Location: Cheboygan, MI, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $250k to $500k
Open to Loans: YES
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Funding Usage
To offset building costs
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Business Plan
The City of Cheboygan has asked that a developer put in housing for at least 50 households which we are proposing to do in an apartment complex. This could expand to 200 over the next 5 years. We have already started a single family housing development with 3 homes with the potential of 110. Only 1 has sold so far and 2 have been sitting there for over a year. We are not looking for investors, grants only.
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Self Identified Competition
There is no real competition in the area. We are ahead of the trend as the population and economic growth is slowing moving east from the much more active northwest side of the state.
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Contact Applicant
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