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Economic Development Corporation advances FY26–30 priority plan; revenues expected above budget
3196741 · May 1, 2025
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Summary
The Economic Development Corporation approved its FY26–30 priority plan and budget assumptions, telling the board that fee-generated revenues are anticipated to exceed budget while expenditures are likely below budget; staff highlighted proceeds from the potential sale of 201 as a future repayment source.
The Grand Rapids Economic Development Corporation (EDC) approved its fiscal years 2026–2030 priority plan after staff presented projected revenues and expenditures.
Mackenzie Miller, staff member, said most EDC revenues come from fees tied to administered programs…
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