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