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A Better Partnership

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Sep 2011
14
September 14, 2011

Warner partner predicts competition for new brownfield, historic incentives will be tough


In a column in The Grand Rapids Business Journal, Warner Norcross partner John Byl details new legislation designed to replace brownfield, MEGA and historic tax credit programs that were cut this year during the budget process. Byl, who participated in the Lieutenant Governor’s work group to develop effective replacement programs, notes that the legislature has only appropriated $100 million to replace the three programs – down significantly from $185 million in recent years. Byl predicts competition for the smaller pool of development funds, which could be signed into law within the next month, will be fierce.

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