The Tuscarora Township Board of Trustees and Cheboygan County Board of Commissioners recently approved the establishment of a Commercial Rehabilitation District (CRD) along the community’s primary commercial corridor.
A Commercial Rehabilitation District, pursuant to Public Act 210 of 2005 as amended encourages the rehabilitation of qualified commercial properties with an incentive of freezing the current real property taxes for up to 10 years.
By establishing the district, the Township is allowing new and existing building owners the opportunity to apply for an incentive for their investment and development within the CRD boundaries.
NLEA’s Jessica Lovay helped Tuscarora Township navigate the process for establishing the district and the receipt of applications in compliance with the legislation. Prior to beginning the establishment process NLEA staff also provided a training on tax abatements for the Township Board of Trustees and interested community members to learn more about the process and opportunities tax abatements provide to small businesses looking to locate or expand in the commercial district.
If you have any questions or would like more information on tax abatements or other potential incentives to support economic development please contact Jessica Lovay - Community Development & Grants Specialist at the NLEA, jess@northernlakes.net or 231-582-6482.
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