The LEDC can assist manufacturers and high technology firms in applying for tax relief on construction or new equipment investments. We can also issue tax exempt revenue bonds to finance or refinance private industrial or not-for-profit development projects. The LEDC can support the development of business related projects including assisting in the submission of grant and loan applications for infrastructure development.
Sites & Brownfield Redevelopment
For businesses looking for a new location, we can confidentially find a selection of sites in Lansing for you to choose from and provide detailed information on each. The City's Brownfield Redevelopment Authority operated by the LEDC, offers financial and tax incentives to businesses for cleaning up and redeveloping contaminated and obsolete sites within the City. The LEDC also maintains an inventory of Brownfield sites and can apply for State and Federal grants and loans to fund redevelopment efforts on Brownfield properties.
The LEDC administers the Lansing Renaissance Zone program which offers exemption from most local and state taxes for business and residential development located in the zone. The LEDC also administers several Neighborhood Enterprise Zones within the City that provide tax incentives for the rehabilitation or new construction of residential housing.
The LEDC offers a matching grant and a loan program to encourage redevelopment in the core downtown area. Our "Building Facade Improvement" program offers up to $5,000 in matching grant funds to encourage property owners and tenants to make needed exterior building facade improvements. The LEDC's Business Finance Assistance Program can provide loans to help business development and expansion.
The LEDC is actively involved in workforce development and economic development initiatives on both the state and regional levels. These close ties bring access to additional resources and expertise including: vocational and employment training, utilities, transportation, research and higher education and intergovernmental cooperation.