The Oscoda Wurtsmith Airport Authority announce the 2023 LDFA Meeting Schedule.
- Thursday, March 9, 2023 @ 4PM EST
- Thursday, June 8, 2023 @ 4PM EST
- Thursday, September 14, 2023 @ 4PM EST
- Tuesday, December 12, 2023 @ 4PM EST
Be sure to check our “Events” Page for any changes to meeting dates and times.
What is an LDFA Anyway?
An LDFA is an acronym for “Local Development Finance Authority” which is covered under Public Act 57 of 2018, and allows “eligible entities to establish area boundaries, create and implement a development plan, acquire and dispose of interests in real and personal property, issue bonds and use tax increment financing to fund public infrastructure improvements for eligible property. The tool is designed to promote economic growth and job creation. Communities across Michigan have used this tool to support companies in manufacturing, agricultural processing, and high technology operations. (Link: Michigan Economic Development Corporation; “LOCAL DEVELOPMENT FINANCE AUTHORITY” 09.18)