The AEDC/TIFA/ABRA board is appointed by the Mayor and meets the first Thursday of each month.
The Tax Increment Finance Authority (TIFA) plans and administers economic development activities in a special district encompassing the Albion Industrial Park and the surrounding area. Tax revenues from this area are used by TIFA to fund economic development projects.
The Albion Brownfield Redevelopment Authority (ABRA) is responsible for redevelopment of contaminated or abandoned commercial and industrial property..
The Revolving Loan Fund is administered by the Albion Economic Development Corporation (AEDC). The Revolving Loan Fund Committee (RLF), including AEDC, Sheridan and Albion Township representatives, reviews all loan applications and approves loans up to $50,000. For loans over $50,000, the RLF Committee makes a recommendation to the AEDC Board of Directors, which has approval authority.
The work of the EDC, TIFA, and BRA is guided by the 2022-2026 Economic Development Strategic Plan.
There will come a time in your business or personal promotion when you need some additional help with marketing. In addition to long-term marketing support, we can be available for extra hours during new releases and other important events.