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MegadealsSubsidy Tracker Individual Entry
Company: 1205 West Fulton, LLC
Parent Company:
Subsidy Source: state
Location: Michigan
City: Grand Rapids
Address: 1234 Michigan St NE Grand Rapids
Zip: 49504
Project Description: CRP: 1205 West Fulton, LLC was awarded a $207,190 CRP grant to demolish an existing gas station and residential structures located at 1205 W. Fulton NW and 21 Garfield NW, Grand Rapids and construct a new two-story retail hardware and garden store on the site. The project is expected to create 5 full-time jobs and 10 part-time jobs and include total capital investment of approximately $1.2 million. TIF: The City of Grand Rapids Brownfield Redevelopment Authority will use school and local tax capture valued at $118,450 to demolish a vacant gas station and redevelop it into Rylee???s Ace Hardware store City of Grand Rapids. The project is expected to generate approximately $1 million in new investment and retain 10 permanent full-time jobs. TIF: The City of Grand Rapids Brownfield Redevelopment Authority will use school and local tax capture valued at $118,450 to demolish a vacant gas station and redevelop it into Rylee???s Ace Hardware store City of Grand Rapids. The project is expected to generate approximately $1 million in new investment and retain 10 permanent full-time jobs.
Year: 2013
Subsidy Value: $62,541
Program Name: Brownfield TIF Local Mills
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax increment financing
Number of Jobs or Training Slots: 5
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.