Saturday, January 24, 2004
Under a 1996 Michigan law, local governments can establish brownfield authorities and offer tax breaks to companies that redevelop blighted, contaminated or functionally obsolete industrial or commercial properties.
In a recent example, the state and local governments are providing $1.1 in tax incentives to a developer who will convert a plant formerly owened by Kraft, Inc. The facility, a 450,000 factory, was the last U.S. plant to produce Life Savers.
The developer will divide the plant into sections from 50,000 to 150,000 square feet. To qualify for the creidt, the developer must increase the value of the property. Learn more.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
If you are using a news reader, here is the link to syndicate this site:
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Anatomy of a deal: Renovating the Life Savers plant
