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Economic development budget adds $7.5 million in state demolition support, advances polymer cluster and downtown initiatives
Summary
Economic development staff outlined a $13.86 million allocation that includes a large state demolition grant, support for a polymer industry cluster, a downtown development corporation subsidy and funds for the Inner Belt master planning process.
Economic development staff presented a $13,860,000 capital allocation that includes business-enhancement grants, brownfields support, and a substantial increase in demolition funding after the city secured state grants.
Staff said $7,500,000 in state funding will accelerate residential and commercial demolition projects identified as priorities…
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