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Redevelopment Ready Communities
Joint Memorandum of Understanding
This Memorandum of Understanding (YOU) by and between the Michigan
Economic Development Corporation (MEDC), 300 North Washington Square,
Lansing,
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How to fill out redevelopment ready communities
01
Research and understand the criteria and requirements for redevelopment ready communities.
02
Review the application form and gather all necessary information and documentation.
03
Complete the application form, providing accurate and detailed information.
04
Attach all required supporting documents, such as development plans, financial statements, and community engagement strategies.
05
Submit the filled-out application along with the supporting documents to the appropriate authority or agency.
06
Await review and evaluation of the application by the designated body.
07
Address any feedback or additional information requests from the reviewing body in a timely manner.
08
Comply with any necessary revisions or adjustments to the application based on the feedback received.
09
Once the application is approved, actively participate in the redevelopment process as outlined in the redevelopment ready communities program.
Who needs redevelopment ready communities?
01
Local governments and municipalities striving to revitalize and improve their communities.
02
Real estate developers and investors looking for opportunities in communities with supportive redevelopment initiatives.
03
Community organizations and non-profit entities dedicated to community development.
04
Small businesses seeking to establish or expand their presence in areas with redevelopment potential.
05
Residents and homeowners in areas that stand to benefit from improved infrastructure, amenities, and economic opportunities.
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What is redevelopment ready communities?
Redevelopment ready communities are communities that have met certain criteria and requirements set by the state to encourage and support economic development and revitalization efforts.
Who is required to file redevelopment ready communities?
Local governments and municipalities are required to file redevelopment ready communities in order to show their commitment to promoting redevelopment and economic growth within their communities.
How to fill out redevelopment ready communities?
Redevelopment ready communities can be filled out by local government officials and planners who are familiar with the economic development goals and strategies of their communities.
What is the purpose of redevelopment ready communities?
The purpose of redevelopment ready communities is to streamline the development process, attract investment, and create a more efficient and effective system for encouraging economic growth and revitalization.
What information must be reported on redevelopment ready communities?
Information such as current economic conditions, development plans, zoning regulations, infrastructure availability, and community support for redevelopment projects must be reported on redevelopment ready communities.
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