Farmington Economic and Community Development
The Farmington Hills Economic Development Corporation was established by the Farmington Hills city council in 1979. The purpose of the organization is to help foster the creation and growth of businesses that have some sort of benefit to the community at large. The Farmington Hills Economic Development Corporation does not only help new businesses, it can also help existing businesses as well.
Name: Farmington Hills Economic Development Corporation Address: 31555 West Eleven Mile Road, Farmington Hills, Michigan 48336-1165 Phone Number: 248-871-2506 Website: http://www.fhgov.com/Business/Economic-Development-Corporation.aspx
One of the primary ways that the Farmington Hills Economic Development Corporation supports businesses beneficial to the community is through the administration and sale of Tax Exempt Revenue Bonds. This is just one way that a business can fund itself without the debt associated with bank lending.
The Farmington Hills Economic Development Corporation also works directly with companies on establishing national and international business contacts, establishing business networks for local companies to utilize and investigating potential new projects that can be brought to the area.
The organization discusses competitions that the community can get involved with that are sponsored by large educational institutions or corporations. The organization gets involved with helping the community to become more familiar with the various state and regional festivals, business seminars and other functions that the city may be able to host.
What is considered a Business that is Beneficial to the Community?
The Farmington Hills Economic Development Corporation will work with any local business that offers any sort of economic or influential benefit to the community. If a local business is looking to expand its operations, then the Farmington Hills Economic Development Corporation would help to reach out to funding options for the company, and assist in setting up employee recruiting opportunities.
Many national companies hold contests that put a spotlight on communities for various reasons. For example, Kraft Foods holds a contest every year to spotlight the one small city in the United States and in Canada that is most dedicated to ice hockey. The Farmington Hills Economic Development Corporation searches out influential opportunities like this to help bring more national attention to the community, and to unify the community behind a central cause.
The Farmington Hills Economic Development Corporation will work with new businesses by helping those businesses to secure funding, investigate tax benefits and seek out employees to help get the companies off the ground. Any company interested in hiring more residents of the Farmington Hills area is a benefit to the community, and that is the type of company the Farmington Hills Economic Development Corporation wants to work with.
Contacting the Farmington Hills Economic Development Corporation
Any business within the Farmington Hills area considering expansion or any entrepreneur thinking of starting a new business in the community should contact the Farmington Hills Economic Development Corporation for assistance and guidance immediately. Any national or international corporation considering locations for satellite offices should also contact the Farmington Hills Economic Development Corporation to find out about the benefits of placing a business in the Farmington Hills area.
Residents of the Farmington Hills community who are interested in getting involved in the growth of the local business community can contact the Farmington Hills Economic Development Corporation to become a part of the process. Any citizens interested in promoting regional, national or international activities that could benefit the community should contact the Farmington Hills Economic Development Corporation as well.