Scott Cameron, accountant with the Huron Township Clerk’s office, recently was recently appointed to recording secretary for the Local Development Finance Authority of Huron Township. He replaces Joan Rattary who retired from the Township Clerk’s office this July.
Cameron’s first official meeting was August, though he attended the July board assembly. Cameron has worked at the Township for two years in the accounting office. “I am very familiar with the LDFA as I have worked with Joan Rattary in the office on behalf of the LDFA,” Said Cameron. “The process can be quite complex, but the tax capture is good for the Township and building the economy as a whole by providing assistance to area businesses within the LDFA.”
The group is looking for a manufacturing firm to locate in the old Pinnacle Race track parcel which has now been deemed the LDFA2 district. The Pinnacle Aero Park is located in the LDFA2 district and manufacturing companies would benefit from assistance from the LDFA through their tax capture.
“If we can’t find the right company for the area, I think a resort like a Kalahari or Great Wolf lodge would also be a great asset to the community in that area.” Said recording secretary, Cameron.
The LDFA has also been looking for restaurant franchises to relocate in the Township to service the thousands of workers looking for convenient dining in the LDFA 1 district located at I-275 and Huron River Road.
The Huron Township LDFA exists to provide public improvements necessary or desirable to facilitate, promote and sustain industrial development within the established district of the Local Development Finance Authority of Huron Township.
Defined, the Local Development Financing Act (LDFA), , allows eligible entities to establish area boundaries, create and implement a development plan, acquire and dispose of interest in real and personal property, issue bonds and use tax increment financing to fund public infrastructure improvements for eligible property. The tool is designed to promote economic growth and job creation. Communities across Michigan have used this tool to support companies in manufacturing, agricultural processing, and high technology operations.
Huron Township LDFA is home to many successful other manufacturing businesses with space to grow new companies. The group just re-elected its board in August, 2017. Call R.P. Lilly, chairman for more information 517-375-1624.