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2016 Survey of Economic Development Programs in Michigan

Table of Contents
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Federal Zone Programs

  • Foreign Trade Zones
  • Historically-Underutilized Business Zones

 

Grants or Direct Subsidies

  • Community Development Block Grants
  • Transportation Economic Development Grants

 

Loans

  • Federal Small Business Administration Loans
  • Freight Economic Development Program
  • Rail Loan Assistance Program
  • Urban Land Assembly Program

 

Tax Abatements or Credits

  • Brownfield Tax Credits
  • Commercial Rehabilitation Tax Abatement
  • State Historic Preservation Tax Credit
  • Federal Historic Rehabilitation Tax Credit
  • Industrial Facilities Tax Abatement
  • Michigan Economic Growth Authority Tax Credits
  • Neighborhood Enterprise Zones
  • New Market Tax Credits
  • Obsolete Property Rehabilitation Tax Abatement
  • Renaissance Zones

 

Financing Programs and Tax Authorities

  • Brownfield Authorities
  • Corridor Improvement
  • Downtown Development Authorities
  • Historic Neighborhood TIFAs
  • Industrial Development Revenue Bonds
  • Local Development Finance Authorities
    • SmartZones
  • Principal Shopping Districts, Business Improvement Districts and Zones
  • Taxable Bond Program
  • Tax Increment Finance Authorities
  • Private Investment Infrastructure Funding
  • Water Resource Improvement TIFAs
  • Convention Facility Authority

 

Other Local Unit Economic Development Options

  • Certification of Abandoned Property for Accelerated Foreclosure
  • Certified Business Parks
  • Conditional Land Transfers
  • Economic Development Corporations
  • Waiver of Personal Property Tax

 

Job and Employment Training

  • Michigan New Jobs Training Program
  • Michigan Works!

 

Miscellaneous Economic Development Authorities

  • Building Authorities
  • Land Reclamation and Improvement Authorities
  • State and County Land Bank Fast Track Authorities
  • Non-Profit Housing Property Development Program
    • Adjacent Lot Disposition Program
    • Hardest Hit Fund – Blight Elimination Program

 

Miscellaneous Grant and Loan Programs

  • 21st Century Jobs Fund
  • Federal and State Brownfield Grants and Loans
    • Brownfield Redevelopment Grants & Site Reclamation Grant Programs
    • Brownfield Redevelopment Loans and Revitalization Revolving Loan Programs
    • Revenue Sources for MDEQ Brownfield Redevelopment Grants and Loans
    • U.S. Environmental Protection Agency Assessment Grants
    • U.S. Environmental Protection Agency Loans

 

Appendices

  • Appendix A: HUBZones—Census Tract Designation by County
  • Appendix B: CDBG Eligible Communities
  • Appendix C: Economic Development Corporation Account Managers & Territories
  • Appendix D: Qualified Local Government Units (OPRA)
  • Appendix E: Small Business & Technology Development Centers by Region
  • Appendix F: Definitions of Blight, Functional Obsolete and Facility
  • Appendix G: MEGA Definition of High-Tech Activity and Business
  • Appendix H: MSHDA Definition of Eligible Distressed Areas
  • Appendix I: Local Development Finance Authorities
  • Appendix J: Industrial Facility Tax Abatements
  • Appendix K: Local Governments with Tax Increment Finance (TIF) Authorities

 

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