Local Development Finance Authority

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About the Board

Pursuant to Act 281 of 1986, the Midland Local Development Finance Authority was established in 1999 with the operating purpose to eliminate the causes of unemployment, underemployment and joblessness and to promote economic growth in the City. This Authority oversees the use of certain tax captures, grants, in-kind contributions, and donations for use to develop high technology business incubators, improve property, and market the area to attract businesses.

In March 2013, the Michigan Economic Development Corporation ("MEDC") conditionally approved the SmartZone designation for the City of Midland. The SmartZone facilitates the capture of certain taxes for use by the Local Development Finance Authority to create or promote the development and attraction of high technology activities to the designated SmartZone. 

Current Authority Members