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About / News / Incentives

Additional tax incentives OK’d to redevelop former GM Warren Transmission site

Posted By: The Detroit News on October 24, 2023.  For more information, please click here to read the source article. The Michigan Strategic Fund Board agreed Tuesday to increase brownfield tax incentives for the redevelopment of the former General Motors Transmission Plant site in Warren. The governing body of the Michigan Economic Development Corp. increased the authorized capture […]


MSU land deal swept up in debate over biz incentives, farmland preservation

Posted By: The Detroit News on April 26, 2023.  For more information, please click here to read the source article. Michigan State University is preparing to sell about 1,000 acres of farmland for the assembly of an industrial megasite in a rural area west of Lansing — a potential $21.9 million transaction needed to make the land suitable […]


Top 10 Commercial Real Estate Trends for 2023

Posted By: Commercial Property Executive on January 4, 2023.  For more information, please click here to read the source article. In 2022, spiking interest rates, inflation and a war in the Ukraine brought considerable change to commercial real estate and the U.S. economy overall. With interest rates and values expected to stabilize, and all stakeholders rethinking the highest […]


Auto supplier joint venture to bring 390 jobs to Bedrock-owned site in southwest Detroit

Bedrock announced Tuesday that LM Manufacturing, a joint venture between Magna and LAN Manufacturing, will lease 296,000 square feet of manufacturing space on its Sakthi Industrial Campus to produce automotive seating. The project is expected to create 390 jobs. Bedrock said Tuesday the lease is its first major industrial development and highlights the ongoing demand for […]


State incentivizes redevelopment of former Northville/Plymouth prison

Michigan’s economic engine on Tuesday approved incentives for redevelopment of the former prison site in Northville and Plymouth townships. The $38.7 million project calls for a nearly 66,000-square-foot commercial flex space development from an affiliate of Novi-based real-estate firm Hillside Investments, a large stormwater retention pond and 9,000-square-feet of infrastructure improvements that include sidewalks, curbs, asphalt paving […]


Whitmer OKs extending development tax incentives by 5 years

Michigan developers with “transformational” plans to redevelop brownfield sites can continue to seek tax incentives after Gov. Gretchen Whitmer and the Legislature extended the program for an additional five years. The state’s economic development board can approve new projects through 2027, instead of 2022, under a bill signed last week. The law, which was enacted in 2017, […]


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