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2 Cities' Tax-Free Zones Expand Boundaries

DETROIT-Dilapidated areas in Saginaw and Grand Rapids get more relief to attract new and expanded businesses. Saginaw's Central Business District subzone adds 2 acres while Grand Rapids adds 6 acres to its subzones.

By Robert Carr | Updated on September 27, 2001

DETROIT-The Saginaw and Grand Rapids Renaissance Zones have received approval to expand their boundaries. Created in 1996, the Renaissance Zone program sets aside geographic areas of the state as virtually tax-free for any business or resident located in or moving to one of the zones.

The city of Saginaw’s Central Business District subzone received expansion approval. The subzone will expand its boundaries by more than 2 acres. This expansion is expected to create 25 full-time jobs in the loan operations and loan adjuster groups at Citizens Bank Corp. to support increased business in Wisconsin.

In addition, the city of Grand Rapids has received approval to expand five of its six existing subzones, including Railroad Junction, Furniture Center, Grandville, Madison Square and Wealthy/Eastern/Franklin, to include more than 6 additional acres.

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