Brownfield Redevelopment Funding
Single Business Tax (SBT) Credit
The SBT Credit is available to property owners for redeveloping a Brownfield site. Qualifying activities include:

  • construction,
  • demolition,
  • restoration,
  • renovations,
  • site improvements,
  • addition of machinery, equipment and fixtures and leased machinery

Tax Increment Financing (TIF)
Act 381, Michigan’s Brownfield Redevelopment Financing Act, allows local Brownfield Redevelopment Authorities (BRA) to capture incremental increases in tax dollars generated from new development and property improvements on eligible properties including:

  • Phase I, Phase II and Baseline Environmental Site Assessments
  • Due Care Plan

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TTL maximizes tax incentives and helps obtain grants and low interest loans for Brownfield sites to offset project costs and increase returns on investment.