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Michigan Resources Page
Inward Investment Guides

Electronics, Photonics, and Digital Media Sectors: Key to Future U.S. Competitiveness

Mark Crawford (Q3 2014)
These interconnected industries will be drivers in stimulating economic growth, creating jobs, and improving global competitiveness. Collaboration among private-sector companies, universities, and government on research and commercialization will be vital. More

Closing the Gap Between Manufacturing Employers’ Needs and Workers’ Skills

Dave Claborn , Director of Development and Community Relations, Ohio State University, Marion (Workforce 2014)
A resurgent manufacturing sector, and shifting workplace technology, has government, business, and academic leaders combining to build a modernized system of work and learning capable of equipping the workforce for 21st century careers. More

Leading Locations for 2014: The "Recession-Busting" MSA's

Dale D. Buss, Staff Editor,  (Q2 2014)
A look at how three MSAs ranked in the top 15 of the “Recession-Busting” category in Area Development's 2014 Leading Metro Locations report are arising from the difficulties of the Great Recession and putting themselves on new growth arcs. More

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
News Items
Around The Web
Studies/Research
News Items
Around The Web
Studies/Research

MICHIGAN at a glance

POPULATION: 9,876,187 (2011)

LABOR FORCE: 4,658,000 (2011)

RIGHT TO WORK: No

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)

BASIC BUSINESS TAXES:
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.

BUSINESS INCENTIVES:
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
    28.0%
  • Fabricated Metal Products
    14.0%
  • Machinery
    12.0%
  • Food
    7.0%
  • Plastics & Rubber Products
    6.0%
  • Chemicals
    5.0%
  • Furniture & Related Products
    4.0%
  • Primary Metals
    4.0%
  • Other Manufacturing Industries
    20.0%