Brownfield Redevelopment Incentive Package

By July 27, 2012January 15th, 2018Brownfields, Environmental Incentives

To assist a growing marketing firm desiring to expand in a West Michigan waterfront downtown community, Lakeshore Environmental, Inc. (LEI) provided various environmental services related to the acquisition and redevelopment of a contaminated property within the city.

These services were funded via a $220,000 Michigan Department of Environmental Quality Brownfield Redevelopment Grant and a $50,000 low-interest Economic Development Corporation loan through the local community (to be paid back from new tax revenue generated as a result of the redevelopment).  In addition, LEI was instrumental in securing a $200,000 Michigan Business Tax Credit to further incentivize the redevelopment of this property based on the financial investment and job creation.