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FOWLERVILLE, MI-With help from a brownfield redevelopment tax credit through the Michigan Economic Development Corp. and private investment, start-up business American Compounding Specialties LLC, will soon break ground on a $4-million, 17,500-sf manufacturing facility.

Located at 200 Veterans Dr., the company will also benefit from a local tax abatement valued at $600,000 during a 12-year period, which had been approved by the village of Fowlerville. A date for groundbreaking was not available at press time.

In addition to creating 20 new jobs for the area, Gov. Jennifer M. Granholm notes that the facility will make good use of a formerly underutilized piece of land. The Fowlerville development is only one of many brownfield redevelopment efforts taking place throughout the state. The state's redevelopment efforts allow potential owners and developers to take title to environmentally problematic properties without liability assumption for existing contamination, as long as the buyer conducts a baseline environmental assessment and discloses the results to the state.

Additional tools include the Brownfield Redevelopment Authority, Brownfield Tax Increment Financing and Brownfield Single Business Tax Credit, which is what American Compounding is using.

Instant Insights /

American Compounding Specialties To Build 17,500-SF Plant

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