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New law may turn wreck to tech; Holly, Groveland plan tech park at mining site.

Publication: Crain's Detroit Business
Publication Date: 22-MAR-04
Format: Online - approximately 667 words
Delivery: Immediate Online Access
Full Article Title: New law may turn wreck to tech; Holly, Groveland plan tech park at mining site.(News)

Article Excerpt
Byline: Andrew Dietderich

A law signed by Gov. Jennifer Granholm on March 4 clears the way for two northern Oakland County townships to lay the groundwork for a 440-acre tech park near I-75.

Public Act 17 of 2004 expands the Michigan Local Development Financing Act to allow townships within counties of 1 million or more to form local development finance authorities.

Townships also must have a master plan in effect and have written agreements.

Before Granholm signed the bill, Holly and Groveland townships didn't meet the requirements to form a joint authority because they didn't meet population criteria.

Groveland...

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