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Michigan Resources Page
Inward Investment Guides

Helping Foreign Investors in the U.S. Satisfy Their Work Force Needs

Dave Claborn , Director of Development and Community Relations, Ohio State University, Marion (Location USA 2014)
From German-style apprenticeship programs to mobile technology labs, U.S. communities are providing their work forces with the skills needed for global success. More

Michigan Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Michigan's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Regional Report: Slow But Steady Economic Climb for the Midwest

 (Directory 2014)
You’re not likely to find explosive growth in the Midwest, but the region’s economy is advancing at a healthy, steady pace with strategic plans to enhance investment in place. More

A Look Back - and Ahead - at the 2013/2014 Legislative and Incentives Landscape

Jason Hickey, President, Hickey & Associates, LLC (Directory 2014)
From what we witnessed in 2013, we can only expect more dynamic developments in state incentive programs and a continued focus on additional transparency. More

Critical Location Decision Factor #1: Keeping the Cost of Labor in Check

Mark Crawford (Q4 / Fall 2013)
Although labor costs seem to trump all other factors, they must be analyzed as part of overall operating expenses. This is the last in a series of articles examining the top-10 site selection factors as decided by the respondents to AD's Q1 Corporate Executive Survey. More

Critical Location Decision Factor #6: Powering Up While Keeping Costs Down

Steve Stackhouse-Kaelble (Q4 / Fall 2013)
While some operations are more energy-intensive than others, reducing energy costs is always an important consideration in the location decision. This is the Fifth in a series of articles examining the top-10 site selection factors as decided by the respondents to AD's Q1 Corporate Executive Survey. More

First Person: Michigan Recalibrates Economic Development Strategy and Initiatives

Michael A. Finney, President and CEO, Michigan Economic Development Corporation (Q3 / Summer 2013)
Hit hard by the recession, Michigan is now offering a variety of initiatives and programs to address company needs and create jobs. Area Development discussed these tools with Michael A. Finney, President and CEO of the Michigan Economic Development Corporation (MEDC). More

Automated and Connected Vehicle Technologies: The Automotive Industry’s New Frontier

Joshua Cregger, Project Manager, Center for Automotive Research (2013 Auto/Aero Site Guide)
Regions that are establishing themselves as knowledge centers and building up technical expertise within their work forces are emerging as hotbeds for investment related to connected and automated vehicle technologies. Not surprisingly, Michigan and California have emerged as leaders in these fields. More
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MICHIGAN at a glance

POPULATION: 9,876,187 (2011)

LABOR FORCE: 4,658,000 (2011)


INDUSTRIES: Life sciences, advanced automotive technologies, advanced battery/electric vehicle mfg./development, homeland security/defense, LED (lightemitting diode) lamps, alternative energy technologies, autorelated R&D, advanced materials, telematics, tourism, agriculture, information technologies, micro- and nanotechnology, pharmaceuticals, medical devices, instrumentation and diagnostics, research and ancillary services

COLLEGE GRADUATES: (Age 25 and over) 24.7% (2009)

Corporate Income Tax: Corporate Income Tax: Michigan levis a flat 6 percent corporate income tax on firms structured as C corporations. Income for other business entities flows through to the owner's personal income taxes and is taxed at the personal income tax rate of 4.35 percent, a rate that will decline to 4.25 percent in 2013; certain small businesses may use an alternative 1.8 percent profits tax; filing threshold of $350,000 in Michigan gross receipts; tax is apportioned to Michigan on a 100 percent sales factor.

Sales and Use Tax: 6 percent; no local sales tax allowed; exemptions allowed for purchase of manufacturing equipment, energy used directly in manufacturing and pollution-control equipment

Property Tax: Assessed at 50 percent market value; assessment increases limited to 5 percent or inflation, whichever is less; owned industrial personal property gets automatic 24-mill exemption and commercial property gets a 12-mill exemption; a variety of property tax abatements are available.

Pure Michigan Business Connect

Michigan Business Development Program

Michigan Business Growth Fund

Michigan Community Revitalization Program

21st Century Jobs Fund

21st Century Investment Fund (available to venture capital, mezzanine, and private equity funds with a Michigan focus)

Film and media production, infrastructure credits

Entrepreneurial credit

Tax-Free Renaissance Zones

Smart Zones (high-tech clusters of businesses and resources)

Private Activity Bond Program (taxable and tax-exempt)

Capital Access Program (loans for Michigan companies)

Community Development Block Grants (for economic development)

Industrial and high-tech property tax abatement

Personal property tax exemptions in qualified communities

Web access to Commercial Property Info Exchange (CPIX)

Foreign-trade zones

Certified business parks

Technology and productivity consulting

Ombudsman services

Talent Enhancement Program Job Portal

Permit coordination

Site proposal assistance

Principal Manufacturing industries

  • Transportation Equipment
  • Fabricated Metal Products
  • Machinery
  • Food
  • Plastics & Rubber Products
  • Chemicals
  • Furniture & Related Products
  • Primary Metals
  • Other Manufacturing Industries