Provides funds for infrastructure needs in conjunction with City’s participation. It must identify industry with new jobs to be created which requires the project infrastructure. Fifty-one percent of the new jobs created must be low and moderate income individuals. Industry expenditures submitted as project participation and municipality must participate. For more information, review the Community Development Department page.
Niles Main Street (formerly DDA)
The City operates the Niles Main Street (DDA) within a central business district. The district captures incremental taxes for reinvestment back into the district. Check out the Niles Main Street page on our website.
Industrial Facilities Exemption Certificate (IFEC)
Industrial Facilities Exemption Certificates are granted to industry by the City with final approval received from the State. IFECs are a 50% reduction of property taxes that is provided for a period of up to twelve years for real and/or personal property not currently on Michigan tax rolls. All taxes and financial obligations to the local municipality must be current. An industrial development district must be established prior to the start of the project. Application must be made within six months from the date of the building permit or the first piece of equipment arrives on the premises, whichever is first.
Revolving Loan Fund
The City of Niles administers a Revolving Loan Fund (RLF) program that is available for loan and grant projects considered eligible by the state of Michigan . The RLF is an economic development tool that is based on partnerships between private businesses and the City of Niles . It works by providing loans to businesses that cannot locate or expand in Niles with traditional financing sources alone. The aim of the Revolving Loan Fund is to generate economic activity that will lead to the creation of jobs for low and moderate income individuals.
Loans may be used for land and building acquisition, construction, machinery and equipment acquisition, or for working capital. Businesses that benefit from the program are required to create one job for every $15,000 that is borrowed. A majority of the jobs that are created must be provided to low and moderate income individuals.
For more information about the Revolving Loan Fund please contact Sanya Vitale.
Michigan Small Business Development Center
The Michigan Small Business Development Center (Michigan SBDC) network provides a full range of services for a variety of small businesses that are emerging and growing throughout Michigan - including new venture companies, existing small businesses, expanding businesses, new technology companies, and innovators.
The MI-SBDC network is a statewide organization dedicated to working with small businesses in partnership with local resources to grow and strengthen our local economy. The MI-SBDC works hard throughout the state to uncover opportunities and build relationships with organizations that makes a real difference to entrepreneurs.
The Lead Center, located at Grand Valley State University, supports 11 regional offices, each providing no cost advising and training to small business owners and entrepreneurs throughout the 83 counties in Michigan through a cooperative agreement with the U.S. Small Business Administration and the Michigan Economic Development Corporation.
The two satellite offices which serve the Niles area are listed below. For more information online please click here.
Biz Resource Center at Lake Michigan College
400 Klock Road
Benton Harbor , MI 49022
Hours Of Operation:
9:00 am - 5:00 pm Monday
1:00 pm - 8:00 pm Wednesday
1:00 pm - 5:00 pm Friday
Resource Center at Southwestern Michigan College
2229 US 12 East
Niles , MI 49120
Hours of Operation:
8:00 am - 5:00 pm Mon - Friday
Department of Labor and Economic Growth (DLEG)
The new Department of Labor & Economic Growth (DLEG) opened for business officially Dec. 8th, 2003 . Governor Jennifer Granholm created DLEG to promote job creation and economic growth in Michigan by centralizing and streamlining the state's job, workforce, and economic development functions under one department. The new department, led by DLEG Director David C. Hollister, will be a one-stop shop for business creation and development.
Department of Treasury – Business Taxes
Transportation Economic Development Fund (TEDF)
Enacted in 1987, the Transportation Economic Development Fund (TEDF) was created to assist in the funding of highway, road, and street projects necessary to support economic growth. The program mission continues to be to enhance the ability of the state to compete in an international economy, to serve as a catalyst for economic growth of the state, and to improve the quality of life in the state. Those eligible to apply for funds are the Michigan Department of Transportation, all county road commissions, and all city and village street agencies. One of the grant categories allows cities to target industrial development and redevelopment by making road improvements.
Michigan Economic Growth Authority (MEGA)
The Michigan Economic Growth Authority can provide to industry exemptions from the Single Business Tax credit for a number of years as determined by the State and based upon the personal income tax withholding for net new jobs created. Out of state industry must create 150 new jobs over existing payroll. Michigan firms qualify if 75 new jobs are created.
Pollution Control Abatement
Pollution Control Abatements are granted by the State. They reduce property tax liability on equipment used to control water or air pollution by 100% for the life of the equipment. The equipment must be designed and operated primarily to remove, capture or control pollutants. Equipment must be suitable and reasonably adequate.
Economic Development Administration (EDA)
The Economic Development Administration (EDA) was established to work with states and localities to generate new jobs, retain existing jobs, and stimulate industrial and commercial growth in economically distressed areas and regions of the United States . The purpose of its program investments is to provide economically distressed communities with a source of funding for planning, infrastructure development, and business financing that will induce private investment in the types of business activities that contribute to long-term economic stability and growth. EDA’s seven investment programs are strategically targeted to increase local competitiveness and strengthen the local and regional economic base.
For more information about these programs and the City of Niles contact:
City of Niles
333 N. Second St., Ste. 301Niles, Michigan 49120
269-683-4700 ext. 3011
Community Development Director
City of Niles
333 N. Second St., Ste. 301Niles, Michigan 49120
269-683-4700 ext. 3020
Southwestern Michigan Economic
Growth Alliance, Inc.
333 N. Second St., Ste. 302Niles, Michigan 49120