Huron Township is a prime example of a thriving Local Development Finance Authority District. As costs continue to grow, more and more industrial businesses are investigating strategies on how to boost their bottom line, as well as save money. In Huron Township, Michigan, there are countless benefits to bringing your industrial, tech or manufacturing company to our Township. Savings can be realized within our LDFA properties through tax benefits, energy savings opportunities and manpower availability.
The LDFA1 and LDFA2 properties are within a few miles of Detroit Metropolitan Airport, railroads, and major expressway, while still having an urban appeal. The LDFA development properties are zoned for the purpose of industrial development for manufacturing, agricultural processing, and energy production and related industries factories and related services. High technology industries are also welcomed to our friendly township.
The Local Development Finance Authority of Huron Township is able to provide public improvements necessary or desirable to facilitate, promote and sustain industrial development within the established district of the LDFA. Companies who relocate in Huron Township will enjoy access to low interest rates for fixed asset purchasing and capital financing, along with class A sewer and water. Currently over 30 acres of various sized parcels are available to develop.
Huron Township is a city that offers rustic country-living at it’s best. It’s a rarity and major plus for one to be able to own a farm and horses, and yet be only moments away reaping the benefits of an industrialized city.
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. The group has used these tools to support companies in manufacturing, agricultural processing, and high technology operations.
Find out more about our community and the LDFA committee that go the extra mile for businesses locating to Huron Township, MI.