Invest in Ithaca
The City of Ithaca partners with Greater Gratiot Development, Inc (GGDI) for full-service economic development services. GGDI, established in 1978, is a private non-profit organization devoted to the retention, expansion, and attraction of business & industry in the Gratiot Community. City staff works closely with GGDI, making business startup, expansion, or re-location projects come together as seamlessly as possible.
The success of this economic development strategy can be seen throughout the area, where you will find a vibrant mix of high-technology industrial, agricultural, commercial, and professional businesses. Hosting two Michigan Certified Business Parks and a Professional Commerce Park, Ithaca has plenty of shovel-ready property suitable for almost any size project.
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Commercial & Industrial Incentive Programs
The entire City of Ithaca was recently designated a Michigan Core Community and a Low-Mod Income Community, which enables developers to access a number of local and state incentives for redevelopment projects, focusing on (but not limited to) our historic downtown district.
In 2005, the entire 100 block of Center St, encompassing the majority of Ithaca's Downtown District, was listed on the National Register of Historic Places, making historic renovations eligible for federal tax credits valued at 20% of eligible investments.
- Fact Sheet: Ithaca Downtown Historic District - National Register of Historic Places
- Technical information: Federal Historic Tax Credit Program
A list of incentive programs offered through the Michigan Economic Development Corporation include the following (not all incentives will be applicable to individual projects -- call us to discuss your specific project):
Downtown Upper-Story Rental Rehab Program
The Michigan State Housing Development Authority (MSHDA) offers a number of attractive incentives to communities to rehabilitate upper-story apartments in downtown areas.