The purpose of the Local Development Finance Authority of Huron Township is to provide for those 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), public Act 281 of 1986, as amended, allows eligible entities […]
While tax rates vary by location, Michigan’s property tax system provides automatic exemptions that effectively cut personal property taxes by 23% for commercial businesses and 65% for industrial businesses. Additional property tax abatements available to Michigan businesses include: Abatements up to 100% for rehabilitation projects 100% new personal property exemptions available in specified communities with […]
SET Enterprises, Inc. is a Minority/Veteran owned company that processes flat rolled metal primarily for the automotive industry. It is located in the Local Development FinanceAuthority 1 district in Huron Township/New Boston. SET has been a leading metal provider in the automotive industry since 1989. The company primarily conducts business in the midwest region of […]
The newly elected trustees and officers for the Huron Township Local Development Finance Authority are looking for a select few manufacturing firms to relocate into the beautiful Township of Huron. “Living in Huron Township for many years I thought about being more involved in the community. When asked to be a member of the LDFA this was […]
Growth industries in Michigan have been determined by Pure Michigan as the automobile, advance manufacturing, defense, information technology, water technology, medical devices, food processing, logistics and supply chain. In the Huron Township, Michiganarea all of these industries can be found in the Local Development Finance Authority district. The growth in Huron Township is apparently due […]
For Bill Boatin and Gina Cavaliere, being part of a board of directors is nothing new. Both newly appointed Local Development Finance Authority trustees for Huron Township have many years experience with various organizations including Rotary, DDA and TIFA boards. Boatin with his community minded experience through Huron Township’s Rotary. Rotary is an organization of […]
LDFA Prime Property Companies that should apply for LDFA consideration include: Manufacturing, Agricultural Processing, High Technology Corporations (SmartZones), Energy Production and Business Incubators. For more information regarding access to low interest rates for fixed asset purchasing and capital financing please contact LDFA.
Founded in 1902, the MMA advocates on behalf of the state’s industrial community to build a business climate that cultivates growth, technology and prosperity. MMA’s focus on advocacy, education and networking help Michigan manufacturers to foster positive in-state relationships while successfully compete in the national and international marketplace. Producing 21 percent of global manufactured products, […]
The Local Development Finance Authority is an independent governmental authority in Huron Township. The LDFA’s purpose is promote economic development in manufacturing, agricultural processing, and energy production by providing public facility improvements and financing necessary or desirable to facilitate, promote and sustain appropriate development within the LDFA district. We work closely with Township, County and […]
In Huron Township, Michigan the LDFA (Local Development Finance Authority) was created to encourage industrial and commercial development. The TIF or Tax Increment Financing was also established to stabilize, diversify and expand the tax base in the township. The LDFA1 properties contain 449.4 acres with an additional LDFA2 land location which contains the previous Pinnacle […]
There is a road repaving process the LDFA of Huron Township is considering for their next project on Mercier road. A FDR is a Full depth reclamation and soil stabilization process which is also great for the environment. 10 Mile Creek Excavating company specifically re-uses existing materials so there is less trucking of materials to […]
Michigan’s economy is at all time high in ten years according to Comerica Bank’s Michigan Economic Activity Index. The June index jumped 2.0 points in June, spiking to a level of 105.9 – its highest level since 2002. The Michigan Economic Activity Index consists of seven variables: nonfarm payrolls, exports, sales tax revenues, hotel occupancy rates, […]
