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City Building Tools
The State of Michigan, the City of Grand Rapids and Downtown Grand Rapids Inc offer a variety of performance-based incentives to developers, entrepreneurs and companies undertaking projects to grow and enhance the urban core. Here below is a list of major and commonly used public sector tools available to support the growth of Downtown.
Brownfield Redevelopment Authority
Supports the redevelopment of blighted or contaminated properties. Managed by the City of Grand Rapids, the Brownfield Redevelopment Authority can reimburse the costs of demolition, environmental cleanup, site preparation, parking, and other property improvement activities.
Community Revitalization Program
Promotes the redevelopment of brownfield sites and historic properties located in traditional Downtowns. The Michigan Economic Development Corporation manages the program. Applicants apply to the Michigan Strategic Fund Board.
Development Support Program
Provides financial assistance to help private development projects achieve high quality public facilities such as plazas, streets, walkways and parks. The policy, administered by the DDA, is designed to leverage private investment and catalyze economic growth in the central business district.
Neighborhood Enterprise Zone
Supports new construction and substantial rehabilitation of residential structures to eliminate blight, expand housing opportunities and raise property values. The City of Grand Rapids has the authority to designate Neighborhood Enterprise Zones.
Obsolete Property Rehabilitation Exemption
Encourages the redevelopment of older buildings into commercial and mixed-use structures. Exemption requests are considered by the Grand Rapids City Commission and State Tax Commission.
Parking Incentive Policy
Helps businesses entering the Downtown market manage the cost of parking provided to employees. The incentive, offered by the City of Grand Rapids and available in select public facilities, provides a short-term 50 percent discount on monthly parking fees based on the length of a new lease.
Redevelopment Liquor License
Supports commercial redevelopment and expanded dining and entertainment options in targeted urban areas.
Smart Zone Grand Rapids
Supports the growth of technology-related or research-oriented businesses and employment opportunities. The City of Grand Rapids manages the Smart Zone.