Grand Rapids Business Journal Courtesy city of GR Economic Development Department
The Grand Rapids City Commission adopted 12 budgets for the 2022 fiscal year recommended by various downtown and neighborhood boards.
The budget approval provides reinvestment of just over $43 million for community and economic development, including almost $2 million in investment through six corridor improvement authorities and a neighborhood business improvement district. This will increase investment in neighborhood business districts and neighborhoods of focus.
The Grand Rapids Economic Development Department administers 10 separate boards and authorities, and Downtown Grand Rapids Inc. administers the Downtown Development Authority and Monroe North Tax Increment Finance Authority.
Economic Development Director Jeremiah Gracia told the city commission his office supported 10 major development projects over the past year. The success of those projects includes more than $179 million in lev
HealthBar hires executive leader - Grand Rapids Business Journal grbj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from grbj.com Daily Mail and Mail on Sunday newspapers.
Grand Rapids Business Journal
The Grand Rapids City Commission kicked off its new legislative year focusing on job and housing creation.
The city commission held public hearings on two proposed development projects that will result in 245 jobs coming to Grand Rapids with an estimated $142,616 in new annual income tax revenue to the city. It also supported future housing development totaling $87 million that will create 308 new housing units 263 of which will be affordable. It also learned more about proposed zoning changes that would promote the development of new housing.
Mayor Rosalynn Bliss said the incentives provided by the commission are an investment in Grand Rapids’ future economic prosperity and housing needs.