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Blackman Township Local Development Finance Authority
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An LDFA encourages local units of government to prevent conditions of unemployment and promote economic growth. Governed by Public Act 281 of 1986, an LDFA captures tax increment financing in an effort to develop areas with the highest potential for development. A tax increment financing plan and development plan are necessary for the LDFA to capture the taxes.
In 1991, Blackman Charter Township created the Local Development Finance Authority primarily for the purpose of funding the infrastructure needs of an industrial development for TAC Manufacturing. Today, this Authority has added another industrial resident, Kaneka Texas Corporation.
Click here to see available property in the Blackman LDFA
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