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The board unanimously approved distributing $1,980,452.51—75% of the July 1, 2025 levy—in tax increment financing funds to Innovation Marquette Enterprise Corp.
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Tax increment financing uses designated tax revenue to support development-related activities. The approved distribution will provide Innovation Marquette Enterprise Corp. with nearly $2 million for its work supporting businesses, technology commercialization, and job creation. The organization reported $3,343,240 in follow-on funding, 20 patent applications, and 20 technologies reaching commercialization.
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