LANSING—Sen. John Proos’ legislation to help nonprofit organizations focused on economic development was approved earlier this month by the Michigan Senate.
“This is about giving local officials the ability to work together with charitable community development organizations to achieve the goal of bringing new entrepreneurs and jobs to our state,” said Proos, R-St. Joseph. “I sponsored this bill to give local officials a tool they can use to support nonprofits that develop properties for the purpose of attracting new businesses and jobs to the community.”
Ron Kitchens, president of Southwest Michigan First Economic Development Corporation, testified in November with Proos in support of the legislation.
“In every community, there is a piece of property that needs some refurbishing and could become a great location for a new business,” Kitchens said. “This bill will facilitate that greatest force for change: a well-paying job.”
Under Proos’ measure, Senate Bill 536, local municipal legislative bodies would be allowed, but not required, to grant tax abatements for a period of five years to nonprofit organizations that intend to hold properties for the development of business. After the standard period of five years, a nonprofit may apply for another two-year exemption through the local municipality and/or the county.
SB 536 has been sent to Michigan House of Representatives for further consideration.
Editor’s Note – Audio comments by Sen. Proos will be available on the senator’s webpage at www.SenatorJohnProos.com. Click on “Podcasts.”