
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 business tax comparable to other states. Michigan business taxes are in the middle-of-the-pack , according to the Council on State Taxation. Motivated, in part, by an attractive 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.
Oasis chose Michigan over Florida for the expansion thanks to the offer of a state tax credit valued at $1.4 million over seven years.
MEGA Board approves key incentives to encourage company to invest $70.1 million.
Producer of sealants and adhesives for the roofing, transportation, construction and solar markets plans to further establish itself in the solar panel industry by investment into the photovoltaic panel adhesive market through consolidation of existing Michigan facilities.
Three-dimensional medical image processing company investing $12.5 million in its Plymouth Township facility.
State tax credit valued at $519,000 over five years encouraged the company to stay and expand in Michigan.
Swedish automaker to invest $2.4 million to establish its North American headquarters in Michigan.
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