Great Lakes Bay Airport Endowment Fund
In the Great Lakes Bay Region, a unique collaboration between tourism and transportation is taking shape, with a vision to enhance regional connectivity and economic growth.
Great Lakes Bay Airport Endowment Fund Annette Rummel, President and CEO of the Great Lakes Bay Regional Convention and Visitors Bureaus told us how the organization understands that the strength of the MBS International Airport and how its connection to other forms of transportation (public, rail, private, and river/lakes) is directly tied to the Region’s ability to attract and retain visitors, talent, residents, and business and manufacturing.
The organization invests in significant projects identified as transformational for the region. For that reason, the Great Lakes Bay Regional Convention and Visitors Bureaus is working on creating an endowment fund that would provide the MBS International Airport with a sustainable airline route expansion and attraction account.
The organization’s funds of $500,000 would be deposited in year one with the goal being to challenge others to match or exceed this amount. In tandem with the deposit, a three-year funding commitment from the community will be initiated. All funds raised would be endowed and allowed to grow until the interest earned reaches the level needed to accomplish the annual investment need.
The Great Lakes Bay Region's initiative to create an endowment fund for MBS International Airport demonstrates a long-term commitment to regional development. By investing in air service expansion, the region aims to attract visitors, talent, and businesses, creating a thriving and interconnected community. This innovative approach to funding demonstrates how collaboration between tourism and transportation can pave the way for sustainable economic growth and prosperity.
The Destination Effect is a joint initiative by Destinations International and Tempest. To share your destination's success story, please email join@destinationeffect.com.
