City of Grand Rapids Awards $420,000 Financial Services Contract to Department of Employment & Economic Development (June 2026)

The Grand Rapids Economic Development Authority authorized issuance of a $420,000 Taxable Revenue Bond, Series 2026A, for the Department of Employment and Economic Development to fund demolition and redevelopment at 900 NW Fourth Street. This financial obligation matures over a 10-year term with principal payments beginning in 2029.

Document date · June 11, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$420,000

Contract type

FINANCIAL_SERVICES

Contract term

July 2026 – August 15, 2036

Renewal date

2036-08-15

Renewal

Bond matures August 15, 2036. Interest accrues at 2% annually. No auto-renewal. Principal payments of $52,500 annually beginning August 15, 2029.

Document type

AgendaPacket

Source document

Grand Rapids Economic Development Authority Agenda Packet 2026-06-11

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Grand Rapids?

Department of Employment & Economic Development was awarded this financial services contract by City of Grand Rapids, as recorded on June 11, 2026. The contract value is $420,000.

How much is the Department of Employment & Economic Development contract with City of Grand Rapids worth?

The Department of Employment & Economic Development contract with City of Grand Rapids is valued at $420,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Grand Rapids Economic Development Authority Agenda Packet 2026-06-11 (AgendaPacket), dated June 11, 2026 from City of Grand Rapids. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Department of Employment & Economic Development hold?

Department of Employment & Economic Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Department of Employment & Economic Development's profile

What is City of Grand Rapids currently buying?

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