| 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
Contact Us:
Information Request
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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.
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