In an effort to promote economic growth, the City of East Lansing provides a number of economic development incentives to businesses, offering support based on the nature of private sector investment and anticipated public benefit.
Brownfield Redevelopment - Tax increment financing is available for the redevelopment of contaminated, functionally obsolete or blighted properties. Eligible activities include environmental studies, clean-up activities, site preparation and infrastructure. These projects may also be eligible for Michigan Business Tax credit equal to 10-20 percent of eligible investment.
Downtown Redevelopment - The Downtown Development Authority (DDA) has access to tax increment financing that supports redevelopment of urban sites into mixed-use projects (retail, housing, entertainment, office space or a combination of uses). Redevelopment assistance may come in the form of public infrastructure, land assemblage and direct project support.
Entrepreneurial Support - The Technology Innovation Center (TIC), supported by Downtown Development Authority and Lansing Development Finance Authority, is a technology-based incubator in downtown that provides support for small startups. The TIC provides low-cost office space and entrepreneurial support services.
Home Businesses - Click here for useful information for home businesses in East Lansing
How to Start a Business in East Lansing - Click here to learn more about starting a business in East Lansing.
Loan Programs - The Downtown Development Authority (DDA) offers a Small Business Loan Program and Cultural Entrepreneurship Loan Program, which allows for loans of up to $20,000 for eligible business costs such as operating capital, inventory, leasehold improvements and other activities.
Personal Property Tax Abatement - The City can provide 100 percent abatement of personal property taxes for a period of up to 12 years for qualifying office or technology businesses. Property eligible for abatement includes equipment, furniture, computer systems and other taxable business assets other than real property. Download Application
Site Location Assistance - The City provides an array of site location assistance, including site search and identification, analysis of alternative sites, pro formas and related due-diligence activities.
A number of other regional economic development resources are available to businesses.
In an effort to promote economic growth, the City of East Lansing provides a number of economic development incentives to businesses, offering support based on the nature of private sector investment and anticipated public benefit.
Brownfield Redevelopment - Tax increment financing is available for the redevelopment of contaminated, functionally obsolete or blighted properties. Eligible activities include environmental studies, clean-up activities, site preparation and infrastructure. These projects may also be eligible for Michigan Business Tax credit equal to 10-20 percent of eligible investment.
Downtown Redevelopment - The Downtown Development Authority (DDA) has access to tax increment financing that supports redevelopment of urban sites into mixed-use projects (retail, housing, entertainment, office space or a combination of uses). Redevelopment assistance may come in the form of public infrastructure, land assemblage and direct project support.
Entrepreneurial Support - The Technology Innovation Center (TIC), supported by Downtown Development Authority and Lansing Development Finance Authority, is a technology-based incubator in downtown that provides support for small startups. The TIC provides low-cost office space and entrepreneurial support services.
Home Businesses - Click here for useful information for home businesses in East Lansing
How to Start a Business in East Lansing - Click here to learn more about starting a business in East Lansing.
Loan Programs - The Downtown Development Authority (DDA) offers a Small Business Loan Program and Cultural Entrepreneurship Loan Program, which allows for loans of up to $20,000 for eligible business costs such as operating capital, inventory, leasehold improvements and other activities.
Personal Property Tax Abatement - The City can provide 100 percent abatement of personal property taxes for a period of up to 12 years for qualifying office or technology businesses. Property eligible for abatement includes equipment, furniture, computer systems and other taxable business assets other than real property. Download Application
Site Location Assistance - The City provides an array of site location assistance, including site search and identification, analysis of alternative sites, pro formas and related due-diligence activities.
A number of other regional economic development resources are available to businesses.