Albion Economic Development Corporation
Public Safety - Albion, MI, US
Albion Economic Development Corporation Employees
Albion Economic Development Corporation Senior Management
Albion Economic Development Corporation Details
The Albion Economic Development Corporation (AEDC) manages three nonprofit corporations which work in close cooperation to encourage a healthy and growing economy for Albion. Through management of the TIFA and the BRA, the AEDC seeks to recruit new business to the Albion area and works with existing companies in Albion facing a variety of issues and challenges of the modern business world.The Brownfield Redevelopment Authority (BRA) is responsible for redevelopment of contaminated or abandoned commercial and industrial property. The Tax Increment Finance Authority (TIFA) plans and administers economic development activities in a special district encompassing the Albion Industrial Park and the surrounding area. Tax revenues from this area are used by TIFA to fund economic development projects.AEDC and TIFA are responsible for other projects vital to Albion's economy such as the Revolving Loan Fund, incentive assistance, and a variety of other pro-growth initiatives. For more information about the services provided by AEDC, visit www.albionedc.org.
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