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DETROIT NEXT MICHIGAN
DEVELOPMENT CORPORATION
WHAT DOES THE D-NMDC DO?
As a Next Michigan Development Corporation this organization seeks to attract eligible multi-modal businesses to districts with potential for growth in key industries.
Detroit Next Michigan Development Corporation (the “D-NMDC”), was established pursuant to Michigan Public Act 275 of 2010, as the seventh and final Next Michigan Development Corporation, seeks to attract eligible multi-modal businesses to key employment districts within the city. These districts have a high potential for growth in key industries: manufacturing, transportation, distribution and logistics. As a part of Next Michigan Development Corporation, Detroit is granted the ability to offer tax incentives like renaissance zones, real and personal property tax exemptions, and local development financing.
The D-NMDC is governed by its Board of Directors who are, with certain exceptions, appointed by the mayor subject to the consent of City Council.