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    NJSWEP/BCONE Co-Hosted Spring Networking Event

    New York, Apr 20, 2017, Gigino at Wagner Park -20 Battery Pl
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    Annual NJDEP Regulatory Update

    Trenton, Apr 25, 2017, NJDEP Public Hearing Room at 401 East State St in Trenton NJ
    Hear from the management team at NJDEP about…
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    Big Apple Brownfield Awards

    New York, Apr 26, 2017, New York Law School, 185 W. Broadway
    Celebrate the best projects in New York…
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    Urban land institute 2017 Spring Meeting

    Seattle, May 2, 2017, Washington State Convention Center
    The ULI Spring Meeting is an exclusive,…
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    2017 RE3 Conference

    Philadelphia, Nov 1, 2017, Marriot Downtown
    The must-attend event of 2017 focused on…
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    2017 National Brownfields Conference

    Pittsburgh, Dec 5, 2017, David L. Lawrence Convention Center
    Please join us for the premier brownfields…

Mar 14, 2017

Corporate Redevelopment Plan In Work in Kalamazoo, Mich. Region

Following an announcement by the Michigan Economic Development Corporation (MEDC) in late February that earmarked millions for a Kalamazoo Brownfield Redevelopment Authority project, a state senator heaped praise on the investment in her district.

Currently, the Stryker Corp. is looking to expand operations in Portage with plans to make use of a brownfield site in the area. The announcement of the Michigan Strategic Fund disbursement will bring an extra $7,283,675 million in local and school tax capture, considerably aiding redevelopment efforts.

Once the project is completed, Stryker has projected the expansion of support for its global instruments headquarters should lead to the creation of 105 jobs for the area, along with an investment of around $215 million. The investment from Stryker could well offset the massive tax capture.

The company was also previously awarded a $1 million Michigan Business Development Programs performance-based grant in December 2016.

The announcement made on Mar. 1, was one of many incentives and grants handed out by the MEDC for projects bringing jobs to the state. It was also one of several major Brownfield Tax Increment Financing Program efforts this year. Under that program, local governments are able to continue receiving taxes from a property for the purposes of capturing increased tax revenue from the redevelopment project and turning it around to reimburse and aid developers’ efforts.

Source: The Peninsula (Michigan Business News)




Article tags: emerging trends, Global Green, Global Green Packaging Market, sustainable


A Mill(ion) Dollar Opportunity

The Bates of Maine Woolen Mill, a former industrial anchor in the city of Lewiston (pop.36, 500) in western Maine, has been transformed into a modern and bustling economic hub following years of city, state, federal, non-profit, private involvement and funding

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