The Commercial Alliance of REALTORS Education Committee presented a three-part series on Construction, culminating with a panel discussion on the topic of incentives.
Thank you, Panelists:
JONATHAN KLOOSTER (CITY OF GRAND RAPIDS)
MEGAN SALL (THE RIGHT PLACE)
JESSICA DeBONE (PM ENVIRONMENTAL)
KIRK PERSCHBACHER (LAKESHORE ENVIRONMENTAL)
The following is an example list of available incentives. Some are for developers and some are for new business.
Each has their own set of qualification criteria. This list includes but is not limited to (not in any particular order):
Brownfield Redevelopment Tax Increment Financing (PA 381 of 1996 http://www.michiganbusiness.org/cm/Files/Fact-Sheets/BrownfieldProgramProcess.pdf
Industrial Facilities Exemption (PA 198 of 1974) http://www.michiganbusiness.org/cm/Files/Fact-Sheets/IndustrialProptaxAbatePA198.pdf
Obsolete Property Rehabilitation Exemption (PA 146 of 2000) http://www.michiganbusiness.org/cm/files/fact-sheets/obsoletepropertyrehabilitationact.pdf
Neighborhood Enterprise Zone Exemption (PA 147 of 1992) http://www.michiganbusiness.org/cm/files/fact-sheets/neighborhoodenterprisezone.pdf
New Personal Property Exemption (PA 328 of 1998) http://www.michiganbusiness.org/cm/files/fact-sheets/personalproptax328.pdf
Michigan Business Development Programhttp://www.michiganbusiness.org/cm/files/Michigan-Business-Development-Program-Guidelines.pdf
Low income housing tax credit programhttp://www.michigan.gov/mshda/0,4641,7-141-5587_5601-21934–,00.html
PA 210 Commercial Rehabilitation Act http://www.michiganbusiness.org/cm/files/fact-sheets/commercialrehabilitatiionact.pdf
PA 255 Commercial Redevelopment Act http://www.michiganbusiness.org/cm/files/fact-sheets/com_redev_act-255.pdf
Michigan Community Revitalization Program
http://www.michiganbusiness.org/cm/Files/Fact-sheets/CommunityRevitalizationProgram.pdf
- EPA Environmental Site Assessment Grants
- Revolving Loan Programs (environmental remediation)
- Historic Tax Credits (i.e. Rehabilitation Tax Credits)
- Capitol Market Programs (with financers)
- DEQ Loan/Grant programs
MDOT
https://www.michigan.gov/mdot/0,4616,7-151-9621_17216—,00.html
