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MegadealsSubsidy Tracker Individual Entry
Company: Dart Bank
Parent Company:
Subsidy Source: state
Location: Michigan
City: Mason
Address: 222 West Ash Street Mason
Zip: 48854
Project Description: State and local tax capture valued at $1,105,875 will assist in the redevelopment of 3.17 acres in downtown Mason for eligible non-environmental activities. The site qualifies as a facility, with soils that contain arsenic, chromium and silver and contaminated urban fill. The project proposes the demolition of: three existing bank buildings that contain asbestos which will be abated prior to demolition; a former industrial building that has sat vacant, contaminated and blighted since 2010; and foundations of former residential and commercial structures. The completed project will redevelop the site into the new home of Dart Bank???s 25,000 square foot headquarters. The total project is anticipated to be 8 Million dollars and create six new full time jobs.
Year: 2015
Subsidy Value: $451,418
Program Name: Brownfield TIF Local Mills
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax increment financing
Number of Jobs or Training Slots: 76
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.