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2020
Kentwood, MI Revenue Losses from Subsidy Programs
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| Program Name | Program Type | Gross Revenue Loss | Reimbursement / offset | Net Revenue Loss | Type of Loss |
|---|---|---|---|---|---|
| Brownfield Redevelopment Financing Act | Brownfields rehabilitation | $58,000 | $0 | $58,000 | Active |
| Industrial Facilities Tax Abatement | Industrial development | $215,000 | $0 | $215,000 | Active |
| Low Income Housing | Affordable housing | $86,000 | $0 | $86,000 | Active |
| New Personal Property Exemption Act | Economic development | $167,000 | $0 | $167,000 | Active |
| TABULATED TOTAL | $526,000 | $0 | $526,000 |
