Tax Abatement

If you are expanding your facility, or moving into a new one, and you are eligible, the EDC will work with you and the appropriate Village, Township, or City to obtain tax incentives that will help your business grow.

A tax abatement is an incentive to encourage a company to locate jobs in a community.  A long-term relationship between a company and a community makes for a very favorable decision.

The action of agreeing to a tax abatement for a firm is the best alternative to take for putting a community’s trained, educated and experienced workforce to work.  This type of incentive makes for a win-win alternative for the community by putting the citizen’s to work in the short-term and reaping future benefits for the local area.  A tax abatement  builds a synergy that keeps dollars in the local area for development rather than leaving the area and causing the community no job growth.