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Granholm Expands Brownfield Program

LANSING, MI-The state has changed the way it will manage its brownfield tax credit program, in an effort to streamline the development tax credit.

By Dan Heaton | Updated on January 08, 2004

LANSING, MI-The Michigan Economic Development Corporation will now administer all brownfield Single Business Tax credits, as part of an effort to expand the reach of Michigan’s brownfield program, the governor’s office has announced.

The change allows greater coordination of brownfield credits with other economic development efforts, Gov. Jennifer Granholm said. Previously, the MEDC had authority only in brownfield projects with more than $10 million in private investment.

“Because of the increased popularity of the brownfield program, we had to re-examine its administration and application requirements to make sure we get the best value for the state’s investment,” said Granholm, a first-term Democrat.

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