LANSING – State Representatives John Espinoza (D-Croswell) and Jennifer Haase (D-Richmond) today voted for a plan to create Renaissance Zones to retain businesses and jobs being affected by the Blue Water Bridge Plaza Expansion.
"It's vital that businesses being forced to relocate because of this project set up shop and remain in our community," said Espinoza, who was the sponsor of the plan that passed the House today on a vote of 103-5. "I am pleased at the bipartisan support that this plan received today. In order to build a stronger economy we need to make our community more business-friendly, and this plan does just that."
Under the plan passed today, up to 25 displaced businesses that would be unable to reopen or relocate in the community – or those associated with international trade, shipping or the freighting industry – will be awarded Renaissance Zone benefits.
Renaissance Zones, which were originally created in 1997, waive all taxes for a period of time including the Michigan business tax and general property taxes. Initially zones we designated by geographic areas, however they may now be designated by business, as in this case.
Additional legislation passed by the House today aims to increase public oversight related to the Blue Water Bridge Plaza Expansion. The bill requires the Michigan Department of Transportation to report to the Legislature how much it is spending on the project and why.
"Southeast Michigan has been severely affected by the economic downturn, and we must do everything we can to revitalize our community and keep our residents on the job," Haase said. "While the bridge expansion project will help ensure that international commerce – a driving factor in our economy – remains strong, many businesses and residents are being displaced. This plan will help provide relief for businesses that want to stay and rebuild in our community."