On Friday, August 7th, Downtown Pontiac welcomed several new businesses to the community. Celebrated with company from local neighbors, citizens, business owners and government officlas, the ribbon cutting was held in historic Downtown Pontiac which has been seeing an estimated $70 million in economic development.
New additions included: A community theater and lofts at 47 N. Saginaw developed by K and R Studios, The Menagerie, a culinary incubator kitchen, Alley Cat Cafe, a coffee shop, Genesis Coney & Grill; and other new businesses in areas such as retail, design and service based businesses.
"We've got more retail and entertainment moving in, as well as more residential units, showing the strength of our momentum." said Pontiac Downtown Business Association Executive Director, Glen Konopaskie.
Oakland County Treasurer, Andy Meisner, said small businesses are fueling Pontiac's renaissance. About $50 million has been invested in Downtown Pontiac since 2011.
"Small businesses drive job creation and investment. These new small businesses in Pontiac, the heart of Oakland County, are driving the city's comeback," Meisner said. "That's why small business lending is so critical."