I-69 International Trade Corridor
NEXT MICHIGAN DEVELOPMENT CORPORATION
The I-69 International Trade Corridor Next Michigan Development Corporation (NMDC) offers economic incentives to growing businesses, both existing and new, that utilize two or more forms of transportation to move their products and are located within the territory of the NMDC. Qualifying businesses in the corridor can benefit from state and local incentives, including real and personal property tax abatements and job creation credits. In certain cases, businesses can qualify for tax-free Renaissance Zones. The I-69 International Trade Corridor Next Michigan Development Corporation is the largest in the state of Michigan with 35 municipal partners.
Municipal Partners/Territory of the NMDC (east to west)
St. Clair County
City of Marysville
City of Port Huron
City of St. Clair
St. Clair Township
St. Clair County Board of Commissioners
City of Imlay City
City of Lapeer
Village of North Branch
Village of Almont
Lapeer County Board of Commissioners
City of Burton
City of Fenton
City of Flint
City of Grand Blanc
Grand Blanc Township
Mt. Morris Township
Genesee County Board of Commissioners
City of Corruna
City of Durand
City of Owosso
City of Perry
Owosso Charter Township
Village of Bancroft
Village of Lennon
Village of Morrice
Village of Vernon
Shiawassee County Board of Commissioners
2012 NMDC Board Officers
The NMDC Board elected the following officers for the period of March 2012 through February 2013:
What is an aerotropolis or Next Michigan Development Corporation (NMDC)?
It is a designated area authorized under a 2010 state law called the Next Michigan Development Act. This initiative allows regions near transportation hubs such as airports, rail lines and highways to use tax incentives to attract businesses, particularly those that are multi-modal.
How does this fit with the I-69 International Trade Corridor?
The “Corridor” is a four-county region of Michigan that has been designated Region 8 of the 10 regions identified by the Michigan Economic Development Corporation. Within the regions, the MEDC is organizing programs and services to enhance customer service and program effectiveness.
The Corridor’s Economic Development Partnership is a collaboration among county-wide economic development agencies and involves businesses, institutions, and municipalities across the region. The county-wide economic development agencies are (from east to west) Economic Development Alliance of St. Clair County, Lapeer Development Corporation, Flint & Genesee Chamber of Commerce, and Shiawassee Economic Development Partnership.
The Corridor Economic Development Partnership seeks to capitalize on the many assets of the region to encourage job growth and investment. Many resources and programs are available including the I-69 International Trade Corridor Next Michigan Development Corporation (NMDC).
What is the current status of the NMDC?
The I-69 International Trade Corridor application, which has been signed by representatives from Genesee, Lapeer, St. Clair and Shiawassee counties and supported by 35 communities within the corridor, was approved by Governor Rick Snyder in January 2012 and final designation was awarded by the Michigan Strategic Fund in February 2012. The I-69 International Trade Corridor was the third of five regions in the state to receive this designation.
What are the benefits of an NMDC designation?
The primary benefit expected from the NMDC is jobs. Other benefits include regional marketing and access to incentives to support growing businesses. A secondary objective is to increase the usage of the region’s transportation assets.
What are the activities of the I-69 International Trade Corridor NMDC?
The I-69 International Trade Corridor economic development partners are marketing the region and new opportunities created by its NMDC. The goal of this promotion is to leverage the new incentives and tools that come with the designation to retain and expand businesses and jobs in the region. Economic development efforts in each county will be enhanced and the region overall will benefit from this collaborative efforts.
The I-69 International Trade Corridor NMDC can now offer economic incentives to growing businesses, both existing and new, that utilize multiple forms of transportation. The Corridor has significant freight transportation assets including Bishop International Airport, major freeways, the Blue Water International Border Crossing to Canada, CSX and Canadian National rails, as well as several water ports. Growing businesses that use at least two modes of transportation could qualify for NMDC incentives including tax-free Renaissance Zones, tax increment finance plans and real and personal property tax abatements. Depending on the project, NMDC incentives could be combined with State of Michigan incentive support as well.
Is there a cost for the municipalities that sign on to the Initiative?
Communities that agree to join the NMDC pay an annual fee that is established by the NMDC Board and the local partners.
Who will govern and administer the NMDC?
The NMDC is governed by a board consisting of members from the participating governments; one member from each governmental unit. Officers serve at the pleasure of the Board. Activities of the NMDC may be conducted by contract, employed and/or in-kind administrative and marketing staff.