Grants

Michigan Business Development Program (MBDP): The discretionary program provides grants, low interest loans, and other assistance to support business attraction and expansion projects that involve capital investment and/or new job creation.  To qualify as job creation project, a business must create at least 50 jobs.  The minimum job creation requirement is reduced to 25 jobs if the project is located in a rural county or qualifies as a high-technology activity.   The maximum amount of funding that may be provided to a project cannot exceed $10 million. 

SPECIAL ZONING

Border County Incentives:  Businesses that locate in one of 14 counties that border another state or Canada may receive full or partial tax abatements through a partnership between the State of Michigan and local municipalities. Eligible businesses may receive a 100% abatement of business personal property taxes. New warehousing, distribution, and logistics facilities can qualify for a 50% reduction in real property taxes. 

Renaissance Zones:  Businesses that locate in Renaissance Zones are exempt from the state education tax, business personal property tax and real property taxes.  

JOB TRAINING

Skilled Trades Training Fund: Provides competitive awards for employer responsive training, including on-site and classroom training. The cost of the training is capped at $1,500 per trainee, or $3,000 per apprentice.

Michigan New Jobs Training Program (MNJTP): Community colleges partner with businesses that are creating new jobs to develop training programs.  The training for newly hired workers is paid by capturing the state income tax associated with the new employee wages and redirecting it to the community college.

TAX EXEMPTIONS

Sales Tax Exemptions: Manufacturing machinery and equipment, pollution control equipment and electricity and natural gas used in production are all exempt from sales tax.

 

Last updated: April 2016

 

 


 
BIGGINS LACY SHAPIRO & COMPANY
PRINCETON
47 Hulfish Street, Suite 320
Princeton, NJ 08542
(609) 924-9775
NEW YORK
215 Park Ave South
New York, NY 10003
(646) 652-7555
CHICAGO
30 S. Wacker, Suite 2200
Chicago, IL 60606
(312) 924-2490