Available Local Incentives
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Brownfield Incentives
Brownfield incentives, including Brownfield tax increment financing (TIF), also require approval from City Council, but they are processed through the Washtenaw County Brownfield Redevelopment Authority.
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Commercial Rehabilitation Exemption Certificate
Similar to the OPRA exemption, the City of Ypsilanti can provide property tax abatement to owners of certain rehabilitated commercial facilities in designated districts by freezing its pre-rehabilitated taxable value for 1-10 years.
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Downtown Development Authority (DDA)
Downtown Development Authority (DDA) provides the following resources: Façade Improvement Grants, Building Rehabilitation Program, Property Search, and Redevelopment Liquor Licenses.
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Gap Financing for Manufacturing
The Gap Financing for Manufacturing provides microloans to business owners.
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Historic Preservation Tax Credits
The Historic Preservation Tax Credits provides incentives for business owners.
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How To Apply For Tax Abatement
View these easy steps for applying for a tax abatement.
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HUBZone
The HUBZone Program stimulates economic development and creates jobs in urban and rural communities by providing Federal contracting preferences to small businesses.
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Industrial Facilities Act Tax Exemption
This program is designed to replace the property tax on industrial and high technology developments, expansions, and rehabilitation efforts with an Industrial Facilities Tax (IFT).
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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.
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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.
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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.
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Obsolete Property Rehabilitation Act
This incentive is designed to promote redevelopment of contaminated, blighted, or functionally obsolete commercial and commercial housing properties.
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Personal Property Tax Certificate
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.
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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.
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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.
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Youth Mini-Grant
The City of Ypsilanti is making available $25,000 in fiscal year 2018-2019, and $25,000 in 2019-2020, to support youth-serving 501c3 organizations already serving City of Ypsilanti youth (ages 3 - 22), for programs, initiatives, and/or services that directly support the mental health of our community’s young people.