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Fact Sheets

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    • Renaissance Zones®

      Revised: 3.10.2014

      Renaissance Zones® are regions of Michigan designated as virtually tax free for any business or resident presently in or moving to a zone. The zones provide selected communities with a market-based incentive of no state or local taxes to encourage new jobs and investment. There are additional specialized Renaissance Zones available for designation. These types of zones are facility or industry specific. Specialized zones are potentially available for firms doing business in the agricultural processing, renewable energy, forest products processing and tool and die industries.

    • Renewable Energy Renaissance Zones were created to promote renewable energy operations in the state. They differ from Michigan's original renaissance zones because they require them to contain a company's renewable energy facility and can be located anywhere in Michigan.

    • Required Workplace Posters

      Revised: 4.16.2014

      This fact sheet lists the posters that must be displayed in the workplace. These posters can be obtained through the Michigan Department of Licensing and Regulatory Affairs (LARA) or from the U.S. Department of Labor (USDOL).

    • The U.S. Small Business Administration's (SBA) program provides small- and medium-sized businesses with long-term fixed rate financing for the acquisition or construction of fixed assets. Businesses must have a tangible net worth of less than $15 million and an average net profit of less than $5 million for the past two years.

    • Overview of several loan and loan guaranty programs made available through the Small Business Administration.

    • MEDC, in partnership with local communities, offers several incentive and financing programs to encourage the development of new speculative building projects in Michigan.

    • This fact sheet contains information regarding eligibility requirements for companies that meet minimum investment thresholds in personal property to be considered for a SESA Exemption or Alternative SESA by the MSF.

    • Various sales and property tax exemptions in Michigan help reduce the tax liability for companies. Available tax exemptions are outlined in this fact sheet. Businesses should discuss these tax exemptions with their tax preparer, CPA, or tax attorney, as needed.

    • Taxable Bond Financing

      Revised: 12.18.2013

      Taxable Bond Financing provides small-and medium-sized companies access to public capital markets normally available to larger companies.

    • Unemployment Insurance

      Revised: 3.11.2013

      This fact sheet gives an overview of Michigan's Unemployment Insurance tax.