Clinton County Economic Alliance

Locally Focused, Regionally Committed

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Brownfield Incentives

Michigan-Business Tax (MBT) credit: To acquire a MBT credit one must demonstrate a need for incentive to reuse the site due to market conditions or other business factors and also the developer must articulate financial need for the credit. Credits are available for up to 12.5% of eligible investments or 20% in core communities

Tax Increment Financing (TIF): Tax Increment Financing (TIF) reimburses developers for eligible remediation activities as identified in the Brownfield and 381 work plans. TIF captures tax rolls from local and state governmental bodies after a 381 work plan has been approved. Eligible activities are subdivided into those geared toward core and non-core communities. In core communities this financing is available for Baseline Environmental Assessment (BEA), Due Care, and additional response activities. Other eligible activities for core communities include public infrastructure, demolition, site preparation and lead and asbestos abatement. In non-core communities the eligible activities are limited to BEA’s, Due Care, and additional response activities. Once eligible activities have been identified an Act 381 Work Plan must be prepared and submitted for approval by the Michigan Department of Environmental Quality.

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