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MegadealsSubsidy Tracker Individual Entry
Company: 4625 Second LLC
Parent Company:
Subsidy Source: state
Location: Michigan
City: Detroit
Address: 4625 Second Avenue Detroit
Zip: 48201
Project Description: 4625 Second LLC - A brownfield tax credit valued at $1.48 million and state and local tax capture will support the redevelopment of the historic Forest Arms apartment building in mid-town Detroit. The development team will perform a historic rehabilitation on the property, constructing 74 residential apartment units and two commercial units. The project is expected to generate $11.8 million in new investment.
Year: 2014
Subsidy Value: $1,487,341
Program Name: Michigan Business Tax - Brownfield Credit
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 1
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.