(The same people are appointed to serve on both boards)
Purpose
The mission of these entities is to optimize the industrial and business tax and employment base of the city, utilizing various economic development techniques, programs and services.
Powers
The Economic Development Corporation (EDC) is a quasi-public group of industrialists and business people that assists with the retention and expansion of existing industry and business and promotes new industries and businesses through various incentive techniques. The EDC also has the power to acquire and assemble property for resale, build and lease buildings, and enter into development agreements.
The Brownfield Redevelopment Authority (BFRA) is a quasi-public group of industrialists and business people that assists in enhancing business development potential through promoting the revitalization of environmentally distressed areas. The BFRA prepares and implements plans for treatment of brownfield redevelopment zones. These are areas containing soil or groundwater contamination. Their cleanup encourages industrial and business expansion.
Obligations
To actively promote and support business and industry in the community, especially by approving financial incentives to business and industry.
Meeting Dates
The fourth Monday of January, April, July, and October.
Meeting Time
4:00 p.m.
Meeting Place
City Hall, 1155 - 28th Street SW, Wyoming, MI 49509
Members
Nine members who serve on both the EDC and BFRA boards.
Appointment
By the Mayor, confirmed by City Council
Term
Six year terms, beginning February 14.
Compensation
None
Staff Liaison Department
Community and Economic Development 616-530-7258