The Old Jitterbean Coffee Location: The Old Jitterbean has been a vacant and abandoned building on Saginaw Blvd. for 5+ years. Because of the lack of a grease trap, it limited what businesses could move in (i.e. eliminating a drive-thru fast food establishment). The building owner applied for a BIG Grant and was awarded $5,000 by the City Council to help pay for the installation and cost of a grease trap…thus opening the bright possibilities for the future.
- Total Cost of the Project: $30,350
- Grant Awarded: $5,000
- Total ROI: 605%
However, the return on investment (ROI) will actually be higher because the property owner now has a tenant who just started serving drive-thru Mexican food. What once was an abandoned building at a prime spot on Saginaw Blvd, is now a property with higher property values and a revenue and sales tax producing site. Great work City of Saginaw!