Investing in Springfield
The City of Springfield (pop. 5,260) is located just north of the 1-94 Corridor in Southwest Michigan - in the midst of the Kalamazoo-Battle Creek Metropolitan Area. The two-county region consists of more than 365,000 residents. Springfield is approximately 3.81 square miles in area. According to Michigan Department of Transportation data taken June 14, 2007, Springfield's main trunk lines each average more than 15,000 vehicles per day:
- Dickman Road (M-96) west of Helmer Rd. (M-37): 16,900 vehicles per day
- Dickman Road (I-94 BL) East of Helmer Rd. (M-37): 17, 400 vehicles per day
- Helmer Road (M-37) South of Dickman Rd. (M-96): 10,450 vehicles per day
- I-94 (Adjacent to Springfield) near exit 92 interchange: 64,800 vehicles per day
The City of Springfield's economy is mostly driven by small businesses - there are more than 250 small businesses in the city limits! Some of the notable businesses include Lakeland Asphalt Corp., Chrysler, Dodge, Jeep, Toyota, and Honda dealerships, Dare Products, the GHS String Company, Waste Management, RW George, Beech and Rich Coatings, Fastenal, and Behnke Trucking.
Springfield is interested in providing an environment that encourages appropriate growth and development while meeting the needs of our current residents and businesses. Accordingly, the City may be able to offer incentive programs to encourage individuals and organizations to invest in our community. Below is a sampling of the economic development tools available to companies wishing to invest in Springfield, Michigan:
Helmer Farms Industrial Park: Land and public infrastructure available at a discounted rate to attract industrial-related business to Springfield
TIFA Districts: Special taxing districts that capture tax growth in special areas and reinvest those captured dollars back into the special area via business development incentives, public infrastructure improvements, beautification projects, marketing, etc.
Industrial Facilities Tax Abatement Program: Property tax abatements of up to 50% for up to 12 years for qualified investments are offered by the City of Springfield. Click here for more information or to fill out an application.
Economic Development Corporation: The City of Springfield EDC is managed by the City Manager. Through the EDC, the City undertakes a number of annual projects to improve the quality of life within the City. Through investments like the Farmers' Market, the Business/Neighborhood Improvement Programs, The Magnificent Motor Mile Business Improvement District, and the Public Safety Building Expansion Project, the City of Springfield and the EDC have taken a proactive approach to improve the quality of life of the residents and workforce of the city. We believe that an effort to provide a high quality of life environment is a significant element of a successful economic development plan. It's difficult for smaller communities to provide this to its residents and businesses, but the City of Springfield is taking this challenge very seriously; we expect to have continued success!
EDC Neighborhood Improvement Program: Special funding set aside to assist low income residents in improving their homestead.
City-Owned Properties Available for Development: The City owns pieces of developable vacant land throughout the city limits. This land is available to developers that agree to invest in the property. Prime land on Helmer Road, Dickman Road, Avenue A, and in the Helmer Farms Industrial Park is available through the City Manager's Office.
Springfield is a great place to live, and a sound, stable place to invest. If you are considering undertaking a business venture or expanding/relocating a current enterprise, we encourage you to consider Springfield as the home for your business! Please contact the City Manager for information on our business development programs and the great quality of life our community has to offer its businesses and residents!
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