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Michigan Resources Page
Inward Investment Guides

Critical Site Selection Factor #7: Lower Corporate Tax Rate Rates = Stronger Economies

Dale D. Buss, Staff Editor,  (Q4 2014)
A state’s corporate tax rate is usually a bedrock indicator of its business-friendliness and a simple but substantial number that has a huge long-haul impact on the financial performance of a new plant or other facility. More

Critical Site Selection Factor #9: Low Union Profile - Unions Still a “No-Go” Factor for Many

Dale D. Buss, Staff Editor,  (Q4 2014)
Having a low union profile ranked as slightly more important in Area Development’s latest Corporate Survey, up one position to #9. But in a similarly incremental sense, U.S. unions overall actually may have gained some ground over the last year. More

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

The Changing Geography of the American Auto Industry

Dennis Cuneo, Managing Partner , Fisher & Phillips (Advanced Industries 2014)
Where is auto production currently concentrated, and where will the industry expand in the future? More

Advanced Manufacturers Utilize Incentives to Improve Financial Performance

Gregory Burkart, Managing Director and Practice Leader, Site Selection & Business Incentive Advisory Services, Duff & Phelps, LLC (Advanced Industries 2014)
Incentives have moved from the fringes of a project to being a part of the competitiveness equation in bringing manufacturers back to the U.S. 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

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

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 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%