Parma-Sandstone Local Development Finance Authority
In 1991, the Village of Parma and Sandstone Township created its Local Development Finance Authority (PLDFA) to fund infrastructure and industrial development for Michigan Automotive Compressor, Inc (MACI), the largest manufacturing company in Jackson County.
The PLDFA currently has 24 acres of Industrial Property available for immediate development, of the 191 total acres remaining in the PLDFA. An LDFA encourages local units of government to prevent conditions of unemployment and promote economic growth. Governed by Public Act 281 of 1986, an LDFA captures tax increment financing in an effort to develop areas with the highest potential for development.
A tax increment financing and development plan are necessary for the LDFA to secure the taxes.
The PLDFA is a designated certified business park through the Michigan Economic Developers Association (MEDA)
Some items may be temporarily unavailable as we are currently updating all documents
Helpful Links & Resources
The PLDFA Board meets on an as-needed basis at the Village of Parma Meeting Hall. The Semi-Annual Informational Meeting is scheduled for Thursday, November 12, 2020 at 5:30 p.m. and will be held via Zoom Meeting. If you need to reach PLDFA Staff – Alex Masten, Debbie Kelly, or Emily Cones, please call 517-788-4455.
Please note that if you are looking for a specific document, all PLDFA documents are housed at the Village of Parma at 117 W. Main Street, Parma, MI 49269 and can be reached at 517-531-4785.