• Image

    2017 RE3 Conference

    Philadelphia, Nov 1, 2017, Marriot Downtown
    The must-attend event of 2017 focused on…
  • Image

    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

Brownfield News  

Subscribe to Brownfield News

Industry and Association News delivered to your mailbox so you're in the know.
Your Name *
Company *
e-Mail *


More than 500 industry experts will come together November 1-3, 2017 in Philadelphia for the next important conference on remediation and redevelopment. It's the event you do not want to miss.

We would like to recognize and thank our Conference Sponsors for their generous support.

An industrial property in Southeast Michigan that was vital in the allied victory in World War II ...

The Canadian Brownfields Network (CBN) and Actual Media presented their annual Brownie Awards in Toronto, Canada, November 29, 2016 at a special Awards Gala. . ...

Even if some are saying "speculating about the Trump presidency is a fool's errand," in terms of where President-elect Trump will come out on redevelopment, we should know a little more soon ...

Henry Ford Health System (HFHS) was founded in 1915 by automotive pioneer Henry Ford.

After decades of decline, public and private sectors have made substantial progress in redeveloping Milwaukee's Menomonee Valley

The Renewal Awards selection process is supremely democratic, as any individual is eligible to submit an application.

Iowa City area housing leaders say one of the key obstacles standing between low-income families and an affordable…

The Fayetteville mayor and a city councilman chided city staff Monday night at a work session for not…

DuPont has agreed to pay a fine of $724,000 in settlement of Clean Air Act violations relating to…