Citys Breaks Dipped Dramatically

March 7, 2003
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GRAND RAPIDS — A former city commissioner once said, "The city has never met a tax abatement request that it didn't like." In his eight years on the commission, he couldn't remember one request being denied.

That's because City Hall encourages economic growth for manufacturing firms, especially when it means more jobs. But this past year applications were down and commissioners only approved five Public Act 198 industrial tax abatements during 2002.

But since 1975, the city has granted abatements to nearly $1.14 billion worth of industrial investment, capital that has resulted in 12,813 jobs.

In the last 13 years, $530 million has been invested and 4,748 jobs have come from that investment. The city has seen an average of $41 million invested and 365 jobs created each year since 1990.

Here is the breakdown:

Year            Investment    Jobs Created

2002            $2.47 million   4*
2001            $20.9 million   131
2000            $66.2 million   364
1999            $40.6 million   228
1998            $63.1 million   633
1997            $25.1 million   268
1996            $30.8 million   253
1995            $46.4 million   261
1994            $40.4 million   265
1993            $25.7 million   229
1992            $71.9 million   357
1991            $34.3 million   849
1990            $63.5 million   636 

*Number of new jobs. Another 1,336 jobs were retained.

Source: City of Grand Rapids, February 2003.

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