What is a SmartZone?
A SmartZone Local Development Finance Authority (LDFA) is an economic development tool that allows property tax dollars to be captured and reinvested to provide support to high-technology entrepreneurs, businesses and researchers in our local community. SmartZones provide distinct geographical locations where technology-based firms, entrepreneurs and researchers locate in close proximity to all of the community assets that assist in their endeavors. These clusters promote resource collaboration between universites, industries, organizations, government entities, and other community institutions allowing for technology based businesses to grow and create new jobs.
The Adrian – Tecumseh SmartZone has a goal to attract new businesses and jobs as well as help existing manufacturing and production businesses in the area with potential for growth. These types of industries may include, but are not limited to...
- Nonmetallic Mineral Product Manufacturing
- Chemical Manufacturing
- Animal Production
- Aquaculture
- Plastics and Rubber Manufacturing
- Wood Product Manufacturing
The Adrian – Tecumseh SmartZone uses a seven step action plan that will aide in the creation and expansion of business in these sectors, and thus allow Lenawee County citizens to work closer to home.
The action plan ensures that the Adrian - Tecumseh Smartzone will keep the area on track to acheive the growth in industry sectors that the Lenawee County area has the potential to acheive.
Funding
Developing in the SmartZone brings a wealth of funding and finance opportunities for your endeavor. Lenawee County and the state of Michigan provide special programs ranging from the MEDC Business Development Program to unique concepts like the Michigan Pre-Seed Fund to help your business whether it's a new start-up or needs assistance to cross the finish line to commercial viability.
Board of Directors
Jack Baker
Chair
Tecumseh
Jason Derby
Board Member
Adrian
Brent Gnodtke
Board Member
Tecumseh
Jim Kapnick
Board Member
Adrian
Kim Murphy
Board Member
Adrian
Margaret Noe
Board Member
Adrian
Dusty Steele
Board Member
Adrian
Ron Wimple
Board Member
Tecumseh