Brownfield Redevelopment Authority and Revolving Loan FundThe City of Ferndale's Brownfield Redevelopment Authority provides incentives to businesses that redevelop contaminated, blighted, and functionally obsolete sites to facilitate the reuse of the properties.
Incentives can include paying for cleanup-related costs such as demolition, site preparation, public infrastructure, and lead and asbestos abatement, as well as environmental remediation. The City of Ferndale has a full incentive policy that includes descriptions of potential projects and available incentives.
The Michigan Economic Development Corporation offers several incentives that are handled at the local level.
The Michigan Saves Business Energy Financing Program has negotiated hassle-free, fast financing for energy improvement enhancements up to $150,000 for as low as 5.9% for up to 5 years. As a special incentive for businesses in the food industry, Michigan Saves offers a 1.99% rate for a limited time, and if you cut your building's energy consumption by 20%, you’ll receive a $2,000 rebate.