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Legislative Update: Brownfield TIF Act, Gov. Snyder Budget Proposal

Transformational Brownfield Bills Can Spur Development

Last week, the Michigan Senate re-introduced legislation to expand Michigan’s Brownfield TIF Act (Senate Bills 111-115) to provide gap financing for large, transformational projects. Michigan’s growth and prosperity depends on attracting and retaining talent who seek vibrant urban places to live and work.  Development projects in our urban cores continue to face significant economic gaps, as market rents fail to support major ground-up construction or rehabilitation of large, distressed historic structures.

The Chamber’s advocacy team continues to actively engage lawmakers on this issue and serves as a leading member of the MI Thrive coalition, supporting this key component of Detroit’s continued revitalization. The coalition consists of 40 community and economic development leaders and chambers of commerce across the state.

Education a Top Priority in Gov. Snyder’s Proposed State Budget

Gov. Rick Snyder has released his proposed fiscal year 2017-18 budget, and the Detroit Regional Chamber continues to advocate for pro-business priorities that support quality education, affordable health care and a talented workforce. Key takeaways impacting business in Southeast Michigan include:

  • An increase of $10 million for the Skilled Trades Training Fund
  • An increase of $213 milliion for road infrastructure
  • Continued support for the Healthy Michigan Initiative
  • An increase of 3.4 percent in higher education funding
  • Increased funding for at-risk K-12 students

The Chamber continues to engage with administrative and legislative leaders in support of a competitive tax climate while also supporting investments in essential programs and services for Michigan’s residents and businesses.

For more information, contact Jason Puscas at jpuscas@detroitchamber.com, or learn more about the Chamber’s 2017 Legislative Priorities.