The Westside Corridor Improvement Authority meeting scheduled for Friday, August 2, 2024, at 12:00 PM has been canceled. The next meeting will be held on Friday, October 4, 2024If you have any questions, you may contact the Economic Development Department by email at econdevshrd@grcity.us or by phone at 616-456-3431.
Westside CIA Page
Grand Rapids Economic Development Corporation's tax-exempt revenue bond program provides financing for manufacturing businesses and eligible non-profit organizations for capital expenditures. Eligible applicants will be located in Grand Rapids, and have a project that includes any or all of the following costs: land and/or building acquisition, building renovation or new construction, machinery and equipment purchases, and certain related soft costs.
Tax-exempt bond financing terms will be unique to each project, but may be attractive for certain projects because it may have lower interest rates, longer terms, can potentially finance 100% of a project's costs, and the interest on the bonds is not taxable.
The first step to exploring eligibility for this program is to contact our office to discuss qualifications.