Economic Development Updates- City of Center Line-
Even in the midst of Covid-19 our Economic Development Department is working on many exciting initiatives to help attract and retain businesses in Center Line.
Business of the Month:
Starting February 2020, the City of Center Line started a new initiative intended to help promote our current businesses. Every month during city council meetings the mayor and city manager present an award to our Business of the Month. So far, the city has featured businesses and nonprofits from all spectrums. If you or a business you know are interested in receiving a nomination for Business of the Month, please email Economic Development Director Joseph Fresard at email@example.com
Center Line Business Council:
Beginning July 2020, the City of Center Line in partnership with eight local business owners formed the Center Line Business Council. Center Line Business Council focuses on ideas for retention and expansion. Business Council also focuses on planning upcoming events to help promote Center Line’s history of family, business and community. Business Council was also established to help the city address any issues currently facing our employers. If you have any interest in joining the Center Line Business Council or if you have any business concerns please email Economic Development Director Joseph Fesard.
As a business owner and potential business owner there are several incentives available to you from multiple agencies.
Obsolete Property Rehabilitation Act (OPRA)- Tax incentives are available to encourage redevelopment of contaminated, blighted, and functionally obsolete buildings in eligible core communities (Center Line). OPRA helps spur private development in urban areas and centers of commerce, by freezing local taxes up to 12 years.
Neighborhood Enterprise Zone (NEZ)- Provides tax incentive to develop or rehabilitate residential housing units in qualified local units of government.
Brownfield Redevelopment- Brownfield incentives promote investment in contaminated, blighted, functionally obsolete properties. Tax Increment Financing (TIF) is available for brownfield sites.