The grant is given by a team of state government officials and is based on the proposed success of in-state development projects.
Jonathan Scott, executive director for the Mecosta County Economic Development Corp., says that the award of these much-needed funds can be directly related to the hard work of community leaders focused on economic success for the Big Rapids area.
"From day-one of this project, our goal was to establish a flourishing pro-business hub in Michigan," says Scott. "With the award of this grant and the area's Renaissance Zone status, I am proud to say that goal is well within our reach."
As a Renaissance Zone, businesses that buy space in the park will enjoy significant tax relief, paying no Michigan Single Business Tax, personal property taxes or Michigan utility taxes until 2017.
"The Renaissance Zone status brings definite allure to this park, but it's only one of many reasons to establish a business here in Mecosta County," says Robert Horn, CBRE senior industrial advisor for the West Michigan office. "Our marketing campaign for this park will draw the attention of major industries nationwide. Both community and business will benefit."
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