GIBC was established as a Michigan corporation and bridge company on May 1, 1912, with Grosse Ile land owner Edward W. Voigt as its primary incorporator, majority stockholder and founding president.

Voigt directed the construction of the Grosse Ile Toll Bridge and opened the span to the general public on November 27, 1913 (Thanksgiving Day).

He possessed the majority of the land (approximately 400 acres) on the north end of Grosse Ile, where he owned and maintained the Island Home Stock Farm.

Voigt established the GIBC to make it faster and easier to transport his draft horses to and from his farm, as well as to open the island to automobiles.

The GIBC replaced the bridge deck in 1986, built a new central swing bearing in 1994, and opened a toll plaza in Riverview in 2004.