The Wayne County Economic Development Corporation may issue revenue bonds and use the proceeds to make loans to private companies to finance projects in order to promote economic development in Wayne County.
Environmental Abatement Assistance
The Wayne County Brownfield Redevelopment Authority provides assistance to businesses in effort to put environmentally contaminated property back to productive use. The Authority can provide funding support for environmental site assessments as well as clean-up activities.
Property Assessed Clean Energy Program (PACE)
A business can finance up to 100% of the costs to finance (or refinance) energy-saving building improvements that involve energy efficiency, water efficiency, and/or renewable energy measures. The loan is to be paid back through a special tax assessment on the property over a 10-20 year period. By law, the energy savings must be greater than the loan repayment.