Yesterday afternoon, a house and senate joint conference committee reported out SB 954 and in doing so funded the Business Attraction and Economic Gardening line item (i.e. the Community Revitalization Program and Business Development Program – which replaced the Brownfield, Historic and MEGA credits) at the $100 million mark again for the 2012/1013 budget year. This is great news! Prior to the conference committee, the House had proposed decreasing the amount by $10 million while the Senate proposed decreasing it by $34 million. If you have any projects that you think would qualify under the MEDC’s guidelines or have any questions about the program, be sure to visit their website for additional information.
Nikki Brown is the Capital Office Coordinator for the Michigan Municipal League. She can be reached at [email protected] or 517-908-0305.