Economic Development Tax Abatement

Consistent with the GREDA/City Business Subsidy Policy, the City of Grand Rapids will consider the use of economic development tax abatement for a broad range of projects and purposes. Permitted uses of abatement include the following:

• • General economic development, such as increasing the tax base or the number of jobs in the area
  • Construction of public facilities or infrastructure (e.g., streets and roads)
  • Redevelopment of blighted areas
  • Providing access to services for residents (e.g., housing or retail would be common examples)
  • Deferring or phasing in a large (over 50 percent) property tax increase
  • Providing relief for businesses with estimated market value of $250,000 or less who have disrupted access due to public transportation projects