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Renaissance Zone
Michigan's tax-free Renaissance Zones are areas designated
as virtually tax free for any business or resident presently
in, or moving into, a zone. They are designed to provide
selected communities with the most powerful market-based
incentive-no taxes-to spur new jobs and investment. The
zones in Muskegon vary in size from 10 to 210 acres. Maps
of individual subzones in Muskegon can be found by following
the links below.
The taxes that companies and residents do not pay comprise
nearly all the state and local taxes levied on business
activity: Single Business Tax (SBT), state personal income
tax, six-mill state education tax, local personal property
tax, local real property tax, local income tax and utility
users tax.
The duration of the Muskegon Renaissance Zone designation
lasts until 2014. In all cases, the tax relief will be
phased out in 25% increments over the last three years
of the program.
Muskegon Mall Renaissance Zone
This downtown property is currently owned by the Downtown
Muskegon Development Corporation (DMDC), which is made
up of representatives from the Muskegon Area Chamber of
Commerce, the Community Foundation for Muskegon County,
and the Paul C. Johnson Foundation. The DMDC is currently
seeking developers to redevelop this property.
Information
from the City of Muskegon Web site
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The Return of Retail - Furniture Family to set up ship on former Muskegon Mall site
Hegg’s Gallery of Fine Furniture in Hart will open a new retail outlet in the former Century Club.
read more
Deal to unleash $4 million redevelopment
It’s taken Muskegon businessmen Gary Post and Russ Strong 17 months to finally close on deal.
read more
Western Avenue Properties Featured on Inside Muskegon Podcast
listen now
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