Dr. Subhendu Guha, President and COO - United Solar Ovonic
Welcome to Michigan
Incentives and Taxes
Michigan Business Incentives
Assistance is available to companies starting, expanding or relocating to Michigan. Through a wide array of business tax incentives and economic development programs, we foster a vibrant economic environment for the business community. At the same time, these business tax incentives help attract and retain high-quality jobs for Michigan's highly skilled workforce. We have dozens of products and services to help your business, including information on:
- Michigan tax free zones
- corporate infrastructure assistance
- business real estate help
- corporate relocation services
- corporate incentives
Michigan Business Taxes
For most businesses, a Michigan location means lower business tax compared to other states. Michigan business taxes are already below the national average, according to the Council on State Taxation. Motivated by this favorable business environment, several top U.S. companies have recently made major investments in Michigan. They include:
Michigan business taxes have recently been reformed thanks to the Michigan Business Tax (MBT). To find out more information on Michigan's tax structure click here.
Michigan Renaissance Zones
Business taxes may be virtually eliminated for companies locating in one of Michigan's Renaissance Zones. These Michigan tax-free zones are designed to spur investment and have been expanded to support growth in the following industry sectors:
We're Here to Help
For further information regarding available programs and incentives, please contact our Customer Assistance Center.
State and local tax incentives totaling $24.4 million over 10 years have been offered to encourage Continental Automotive Systems Holding US to expand operations in Auburn Hills.
State and local tax credits helped convince company to expand in Michigan over a competing site in Ohio.
State tax credit valued at $298,559 over five years encourages company to expand in Michigan over a competing site in California.
The automotive supplier of complete seat solutions and seat mechanisms plans to invest $18 million in a multi-product facility in Highland Park.
State and local tax credits helped win the project for Michigan over a competing site in Ohio.
The producer of plastics, metals and mechanical assemblies for the automotive industry plans to invest $42 million to acquire four former Meridian Automotive facilities located in Ionia, Fowlerville and two in Kentwood.
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