Published on July 12, 2018
Michigan Association of Land Banks highlights Kalamazoo County Land Bank as a case study in a statewide economic impact study. This study clearly demonstrates and quantifies the enormous economic impact land banks have on Michigan communities.
Michigan’s land banks can now place a dollar value on the impact they have in their communities. Over the last nine years, the Kalamazoo County Land Bank has put nearly $20 million back into the local economy and created an estimated 270 full time jobs in construction, landscaping and related industries!
This report validates what we have all known for years: Land banks matter, land banks make a difference and land banks are an integral part in benefiting families, neighborhoods and local communities. Michigan is a pioneer in the land bank movement and has remained at the forefront for more than a decade. Michigan isn’t just the Great Lakes State. It’s the Great Land Bank State too!