
Dr. Subhendu Guha, President and COO - United Solar Ovonic
Welcome to Michigan
Incentives and Taxes
Business Incentives
Assistance is available to companies starting, expanding or relocating to Michigan. Through a wide array of economic development programs and incentives, we foster a vibrant economic environment for the business community. At the same time, these 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 corporate infrastructure assistance, business real estate help, corporate relocation services and corporate incentives.
Business Taxes
For most businesses, a Michigan location means lower taxes compared to other states. Our local 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:
Taxes in Michigan have recently been reformed thanks to the Michigan Business Tax (MBT). To find out more information on Michigan's tax structure click here.
Taxes may be virtually eliminated for companies locating in one of Michigan's Renaissance Zones. These 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.
JB autotech LLC, the Livonia-based designer and manufacturer of specialty machines and equipment plans to expand in Livonia.
Johnson Controls-Saft Advanced Power Solutions LLC (JCS) – Milwaukee, Wisconsin-based JCS, one of the leading independent suppliers of lithium-ion batteries for hybrid and plug-in hybrid electric vehicles, plans to invest $220 million in a new advanced-battery manufacturing facility to produce lithium-ion cells for automotive applications
Lenawee Stamping Corporation to invest $6.6 million to expand its operations in Tecumseh
The concrete-based technology company and manufacturer of concrete tile products plans to invest $5.6 million to relocate its manufacturing operations from Mississippi to Norton Shores.
Riverfront Student Housing LLC – A brownfield tax credit valued at $3.7 million will support the conversion of the closed Hyatt Regency Hotel in downtown Flint.
Transonic Combustion Inc. – The California-based, automotive cleantech firm plans to invest $247,000 to open a new-to-Michigan sales and technology office in Oakland County.
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