The Southtown Corridor Improvement Authority will hold a special meeting on Wednesday, September 27, 2023, at 3:00 PM at R&R Mechanicals at 433 Crofton St. SE Grand Rapids, MI 49507.If you have any questions, you may contact the Economic Development Office at 616-456-3431.
Southtown CIA Page
The New Personal Property Tax Exemption (Public Act 328 of 1998) provides a tax exemption to eligible businesses buying and installing taxable personal property or equipment that is new to the State of Michigan, and creating jobs for Grand Rapids residents. Types of eligible businesses are those primarily engaged in manufacturing, research and development, wholesale trade or office operations.
In order to qualify for the exemption, the qualified personal property must not be in place before the City adopts a resolution which provides for the exemption. Property in place prior to the resolution will not receive the exemption.
Applications are filed with the Economic Development office, and the instructions and necessary documents can be found below. Please note that it can take up to 4 months to evaluate a project and process an application for approval, which must include a public hearing at a City Commission meeting. Once approved by the City Commission, the application is sent to the State Tax Commission for final approval.
Your first step to exploring eligibility for this program is to contact our office to discuss the project and its qualifications.