The state Legislature passed a series of laws
designed to give Downtown Development Authority boards more power to
revitalize downtown areas and attract young talent.
According the excerpts from the article:
“[The
laws] will create tools and enhance existing ones to help in
reinvigorating downtowns across the state,” said Bridget Beckman, a
spokeswoman for the Michigan Economic Development Corp.
The
legislative package, spearheaded by Rep. Jason Allen, R-Traverse City,
contained 10 bills, six of which have been signed into law.
The laws allow Michigan DDA boards and city
governments to offer loan programs, business incubators and tax
abatements to foster redevelopment and business growth in downtowns,
said Joe Agostinelli, a legislative director for Allen.
Agostinelli said the legislation was created to rejuvenate Michigan’s
downtowns to attract young college graduates who want their hometown to
be a place to live, work and play.
Read the entire article here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.