Michigan Economic Development Corporation (MEDC)
MEDC offers a range of state-level incentives that can support real estate development tied to job creation, placemaking, redevelopment, and community revitalization.
Common Real Estate–Related Tools:
- Community Revitalization Program (CRP): Gap financing for redevelopment of vacant, blighted, or functionally obsolete properties.
- Michigan Business Development Program (MBDP): Performance-based incentives that may support real estate improvements tied to business expansion or attraction.
- Public Spaces Community Places: Crowdfunding match program to support placemaking and public-facing real estate improvements.
- Strategic Site Readiness & Redevelopment Programs: Assistance for preparing and redeveloping development-ready sites.
Manistee County Land Bank Authority
The Land Bank supports the reuse and redevelopment of vacant, abandoned, or underutilized properties throughout Manistee County.
Available Tools:
- Property Acquisition & Disposition: Access to land bank–owned properties for redevelopment.
- Brownfield & Redevelopment Coordination: Assistance aligning projects with incentive programs.
- Flexible Conveyance Terms: Reduced purchase prices or development-based agreements to encourage reinvestment.
City of Manistee
The City of Manistee offers local incentives and tools to encourage private investment and redevelopment.
Potential Real Estate Incentives:
- Tax Abatements: Industrial Facilities Tax (IFT) and other abatements for eligible development projects.
- Downtown & Corridor Redevelopment Tools: Incentives tied to Downtown Development Authority (DDA) or Tax Increment Financing (TIF) districts.
- Local Grant & Infrastructure Support: Assistance for public improvements that support private development.
- Zoning & Development Flexibility: Tools to facilitate adaptive reuse and redevelopment projects.