1. Brownfield Incentives

    Brownfield Incentives provides Tax Increment Financing and Environmental Assessment.

  2. Commercial Rehabilitation Tax Exemption

    The Commercial Rehabilitation provides incentives and abatements.

  3. Downtown Development Authority (DDA)

    Downtown Development Authority (DDA) provides the following resources: Façade Improvement Grants, Building Rehabilitation Program, Property Search, and Redevelopment Liquor Licenses.

  4. Gap Financing for Manufacturing

    The Gap Financing for Manufacturing provides microloans to business owners.

  5. Historic Preservation Tax Credits

    The Historic Preservation Tax Credits provides incentives for business owners.

  6. HUBZone

    The HUBZone Program stimulates economic development and creates jobs in urban and rural communities by providing Federal contracting preferences to small businesses.

  7. Industrial Facilities Tax Exemption

    Industrial Facilities Tax Exemption is a locally initiated property tax abatement program for industrial and high technology developments, expansions, and rehabilitation efforts.

  8. Local Tax Abatements

    The City of Ypsilanti offers a series of incentives to businesses, residents, and investors, and we can also assist in helping applicants receive incentives.

  9. Michigan Pre-Seed Capital Fund Micro Loan Program

    Ypsilanti start-up companies in need of capital funds between $10,000 and $50,000 may qualify for pre-seed capital funds. This fund is for companies that are pre-commercialization (pre-revenue and not yet raised private equity) but have a business plan and at least an early prototype. Assistance in developing these available through SBTDC.

  10. Microloans for Business

    The Eastern Washtenaw micro-loan is for companies near commercialization, which means they are within a year of closing their first or second customer sale, or raising private equity that will provide significant funding to help the company be successful. Loans range between $10,000 - $50,000.

  11. New Market Tax Credits

    The City of Ypsilanti, as a member of the Wayne County-Detroit Community Development Entity (CDE), is eligible for this incentive.

  12. Obsolete Property Rehabilitation Act

    This incentive is designed to promote redevelopment of contaminated, blighted, or functionally obsolete properties used for either commercial or commercial housing. This law allows the city to “freeze” the taxable value of a structure (before improvements are made) for no less than 1 year and no longer than 12 years.

  13. Personal Property Tax Exemption

    Cities that eliminate personal property taxes offer a competitive advantage in business attraction. PA 328 allows the City of Ypsilanti to offer a tax exemption to spur investment in the Industrial Development District, Brownfield Redevelopment District, Local Development Financing District/ Smart Zone, or the Downtown Development District.

  14. Pure Michigan Asset-Based Economic Development

    The Michigan Economic Development Corporation has a pool of $175 million available to qualified firms that are growing in or relocating to Michigan. The pool is split into three funds: 1- $100 million for attraction and economic gardening, 2- $25 million for business acceleration and 3- $25 million to support film and digital media industry.

  15. Redevelopment Liquor Licenses

    Redevelopment liquor licenses are available in Ypsilanti’s two Downtown Development Authority districts. These licenses have been made available to local units in addition to quota licenses in order to encourage economic development and to enhance the quality of life for residents and visitors.

  16. Rental Rehab Program for Downtown

    The rental rehabilitation component is designed to help a local unit of government provide funding assistance to improve the number or income producing, investor-owned properties in a downtown area.