Wed, Dec 08, 2010
"Aerotropolis" Intended As Transportation And Logistics
Hub
The Michigan Legislature on Friday, December 3, enacted a major
tax incentive package, the "Next Michigan Development" initiative,
aimed at attracting logistics, transportation and manufacturing
firms to transportation hubs and other regional facilities. The
six-bill package requires local governments to cooperatively
implement the tax incentives in consultation with State economic
development officials.
Detroit Metropolitan Airport File Image
The Detroit Region Aerotropolis Development Corporation (ADC)
and Next Michigan legislation are major policy initiatives of Wayne
County Executive Robert Ficano.
The ADC, a public-private intergovernmental corporation created
by Wayne County, Washtenaw County, the cities of Romulus, Taylor,
Ypsilanti and Belleville, and Huron, Van Buren and Ypsilanti
Charter Townships, expects to employ the Next Michigan incentives
to attract jobs and development surrounding Detroit Metropolitan
Airport and Willow Run Airport in southeast Michigan. The new
legislation permits five "Next Michigan" corporations, such as the
ADC, to be established across the state.
The tax incentive package includes a variable mixture of
property and other tax abatements for qualifying businesses and the
use of tax increment financing to spur infrastructure development.
The "Aerotropolis" encompasses approximately 60,000 acres in Wayne
and Washtenaw counties. The ADC estimates it could create as many
as 50,000 jobs over the next 15 years as logistics-related
companies take advantage of the incentives and the proximity to the
airports.
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