About the Certified Business Parks Program
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History of the Program
Economic
developers have long recognized the need for uniformity in use of the
term “business park.” The expression designates certain kinds of
districts or subdivisions set-aside for sites to be occupied by groups
of manufacturing and/or high tech industrial facilities. To
give prospective occupants a better idea of what they can expect to
find in a business park and assure them of high quality characteristics
and services, the Michigan Department of Commerce and the Michigan
Industrial Developers Association, in 1969, adopted a set of standards
for qualified developments to be known as “Certified Industrial Parks.” Beginning
with those established criteria, the Michigan Economic Developers
Association (MEDA) and the state department now known as the Michigan
Economic Development Corporation (MEDC) updated the standards in 2001
and renewed the voluntary program for certifying business parks. This program today is known as the “Michigan Certified Business Park Program.” Park developers throughout Michigan use the CBP standards in the design of parks and work toward achieving certification. Prospects will find that a Certified Business Park offers specific advantages that are not available in other parks. Those
Certified Business Parks located in a qualified local unit of
government, as defined by the Local Development Financing Authority Act
(PA248 of 2000), have the potential to capture property taxes to aid in
the financing of the public infrastructure improvements in or around the
park, and/or acquire additional property for park expansion, as well as
other public improvements. In addition, all Certified Business Parks
will be marketed by the Michigan Economic Developers Association. |
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