Businesses in Michigan that are relocating
or making improvements to their buildings or property may be eligible to
receive grant money or tax abatements from local governments. Under a number of Michigan laws, including
the Downtown
Development Act and the Brownfield
Redevelopment Act, many local governments offer grant funds for businesses
to use to make improvements to their property.
In addition, other Michigan laws, like the Commercial
Redevelopment Act and the Industrial Facilities Development Act, allow
local governments to provide tax abatements to qualifying commercial and
industrial businesses.
If your business is relocating,
or if you are considering making improvements to the business' buildings and
property, it is worthwhile to find out if there are local grants or tax
abatements that may be available. At
Fausone Bohn LLP, we have extensive experience in applying these state laws,
and working with the local governments who are authorized to make the grant and
tax abatement decisions. If you would
like further information about these business grants and tax abatements,
contact Keith Madden at (248) 380-0000.
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