Thoughts by a new Huron Township LDFA Trustee Matt McCormick. Edited by Kathy Kane
The Local Development Finance Authority of Huron Township had several openings due to elections of Trustees to Huron Township government roles. Currently the board is still confirming positions, but one newcomer to the LDFA, Matt McCormick is optimistic for the future growth of the Huron Township area.
Matt McCormick found out about the LDFA through a long-time friend who served on the board. He has always had an interest in the group after his run for State Representative a few years ago and other political endeavors with the local government. Being a resident of Huron Township for the past twelve years and tax payer advocate, when a seat became open for a Citizen position on the LDFA board, he was eager to serve.
In his own career background, McCormick has built over two hundred manufacturing clients and has an extensive knowledge in marketing and the industry.
With fresh ideas for the board, McCormick feels the LDFA has done a good in laying the ground work for building relationships with companies and being known as a very cooperative Township to do business with. Aware that the group also has made a big economic impact in the LDFA district over the years, he is also committed to making sure that continues.
He thinks a campaign should be directed at the tax payer target market and that campaign should communicate transparency and hold the commission accountable for the funds and growth within the LDFA1 and LDFA2 Districts. “One way we can do this is to post all the agenda and minutes on Facebook, send a monthly newsletter and to be more interactive on the LDFA social media sites with residents.” Said McCormick.
With four meetings currently under his belt, McCormick said, “I feel that the number one priority should be to increase the tax base. The focus should be on attracting new business to town. I would also like to start with the basics by developing a database of potential manufacturing companies and plan to contact these companies to relocate their Michigan business or expand in our area.”
The Local Development Finance Authority of Huron Township exists to provide public improvements necessary or desirable to facilitate, promote and sustain industrial development within the established district.
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.
The Huron Township LDFA is home to many other successful manufacturing businesses with space to grow new companies. Recently the group has developed a new LDFA2 district with many opportunities for new business. Contact 734-753-4466 ext. 115