Development

Monday, March 29, 2021
3:00 p.m.

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Reporting

Board of Directors Board of Directors By Vickie Adams 3/29/2021
Meeting Agenda, DDA FC 03/29/21 Meeting Agenda, DDA FC 03/29/21 By Noah Kincade 3/29/2021

Agency Information

Detroit Downtown Development Authority

www.degc.org

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The Downtown Development Authority (DDA) was established pursuant to Michigan Public Act 197 of 1975, as amended, and supports private investments and business growth through loans, sponsorships and grants, capital improvements to public infrastructure and additional programs designed to increase economic activity. Funding for DDA programs comes from a number of sources such as grants, contracts, interest on loans and captured tax increments – increases in property taxes that result from new investments – on approved developments. Property owners within the DDA district pay a 1 mill property tax to fund the basis operation of the DDA.

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