Excavations began this week on the Detroit Red Wings Arena. According to Mlive, an estimated $284.5 million of public investment for the project is being backed by tax increment financing.

State Rep. Aaron Miller has announced Moso Village LLC has received a $1 million Michigan Revitalization Program grant to redevelop five parcels of land in Sturgis into a two-story building. The project will be the first significant new construction in the downtown area in half a century, according to WLKM.

Developers of the Federated Properties project and the Grandview Place project will bring a proposal to combine the two projects into a single plan before the Grand Traverse County Brownfield Redevelopment Authority. If approved, the new plan would provide an additional $7.5 million in subsidies to the $16.5 million already approved.

A new Department of Talent and Economic Development (TED) has been officially launched. According to Economic Development HQ, TED combines MEDC, the Strategic Fund, the State Housing Development Authority, and newly created Talent Investment Agency.

Toby Rittner, President & CEO, provides an update on the initiatives CDFA has been conducting and the success that CDFA has had this year. Included in the update is a highlight of membership benefits, new members, and upcoming events.

October 7, 2015
Join the CDFA Michigan Financing Roundtable for the fifth annual conference on October 7, 2015. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Michigan economy going forward.

CDFA is excited to announce the Brownfields Project Marketplace, which will take place on May 19, 2015 from 1pm-5pm EDT in Columbus, Ohio. The Brownfields Project Marketplace provides communities the opportunity to receive special assistance with brownfields redevelopment projects. Communities will detail important information on a site and engage in open discussion with financial and brownfields experts.

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