The Detroit 21, letter on House Bills 5820-5821
Summary
A letter dated September 2, 2020 from The Detroit 21 to The Honorable Representative Steve Marino, Chair of the Michigan House Commerce and Tourism Committee, on the MI Community Investment Pilot Program and Tax Credit, HBs 5820-5821. The letter urges support for the bills, under which a corporate or individual donor to a place-based nonprofit would receive a 50% state tax credit on the donation. It describes The Detroit 21 as a collaborative of Executive Directors from 21 CDOs working to improve Detroit neighborhoods. It asks that the bills be taken up for a hearing and an affirmative vote as soon as possible, and lists member organizations for identification purposes only.
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“The Detroit 21, letter on House Bills 5820-5821.”
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MEMBERS Christine Beil Urban Neighborhood initiatives Kenyetta Campbell Cody Rouge CAA Robert DeWaelsche Southwest Detroit Business Assoc. Phyllis Edwards Bridging Communities, inc Mac Farr The Villages CDC Deborah Fisher Hope Village Revitalization Angie Gaabo Woodbridge NDC Donna Givens Eastside Community Network Jeanine C. Hatcher GenesisHOPE CDC Danielle Hilliker Joy Southfield CDC Lisa Johanon Central Detroit Christian CDC Larry Johnson LifeBUILDERS Detroit Quincy Jones Osborne Neighborhood Alliance Angie Reyes Detroit Hispanic Dev. Corp. Maria Salinas Congress of Communities Larry Simmons Brightmeor Alliance Linda Smith U SNAP BAC Sherita Smith Grandmont Rosedale DC Leon Stevenson MACC Development Tim Thorland Southwest Housing Solutions John J.F. Thorne Detroit Catholic Pastoral Alliance MEMBER ORGANIZATIONS LISTED FOR IDENTIFICATION PURPOSES ONLY DETROIT 21 September 2, 2020 The Honorable Representative Steve Marino, Chair Michigan House Commerce and Tourism Committee RE: MI Community Investment Pilot Program and Tax Credit, HBs 5820-5821 Dear Representative Marino: We urge you and the Michigan House Commerce & Tourism Committee, to support House Bills 5820-5821, legislation creating the Michigan Community Investment Pilot Program and the Michigan Community Investment Tax Credit. As you know, large development projects have a number of tax incentives to attract investors (one example is the recent 2017 expansion of Michigan’s Brownfield Re- development Financing Act, which made $1 billion worth of incentives available for “transformational” projects). But small- to medium-sized neighborhood and rural community revitalization projects and necessary programs are often overlooked because they lack the same tools to attract investment. House Bills 5820-5821 would create the Michigan Community Investment Pilot Pro- gram, a donation-based state tax incentive that would provide support for locally based revitalization work in neighborhoods and rural communities. Under the pro- posed legisiation, a corporate or individual donor contributes directly to a place- based nonprofit for eligible projects or activities, including: ¢ Small business development, including agri-business e Financial empowerment Workforce attraction & retention Neighborhood & community revitalization Commercial corridor revitalization In exchange, the donor receives a 50% state tax credit on their donation. The pro- posed pilot program is based on similar successful programs in 14 other states so we have a great deal of information that we can use to assure a successful program. These bills are extremely important to Community Development Organizations. We do the revitalization work that city government simply can’t accomplish alone. Government funds and philanthropy are important to our work, but an influx of new, private dollars wil! make the difference in what we can accomplish, especially in our most distressed neighborhoods. The Detroit 21 is a collaborative of Executive Directors from 21 CDOs, with an aver- age of 21 years of professional experience working to improve Detroit neighbor- hoods. As mission-driven organizations, we offer, seek, advocate for and invest in creative solutions to address the prioritized and shared needs of residents and busi- nesses across the communities of Detroit We urge you to see that House Bills 5820-5821 are taken up in your committee for a hearing and an affirmative vote, as soon as possible. Sincerely, The Detroit 21
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