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Good Jobs for Michigan

  • The Michigan Strategic Fund (MSF) Board may authorize State Withholding Tax Capture Revenues under the Good Jobs for Michigan Program (the “Program”) for businesses that provide Certified New Jobs in Michigan.

    The MSF may authorize State Withholding Tax Capture Revenues of up to 50 or 100 percent for up to five or 10 years, depending on the average annual wage and the number of Certified New Jobs created by the Authorized Business. In order to be eligible for up to a 5 year 50 percent capture, the business must create 500 certified new jobs with wages that are equal to or greater than the regional average wage. Projects that result in 3,000 new jobs that pay wages that are equal to or greater than the regional average wage or projects that result in 250 new jobs that pay 125% of the regional wage are eligible for up to 100% capture for up to 10 years. Additionally, projects that meet the 3,000 job requirement are eligible to count primary supplier jobs, only if they meet the minimum requirement first. 

    Eligible Businesses may apply for assistance under the Program if all of the following are met:

    • The eligible Business proposes to create and maintain one or more of the following in Michigan within five years after entering into the Written Agreement: A minimum of 3,000 Certified New Jobs with an average annual wage that is equal to or greater than the Prosperity Region Average Wage; a minimum of 500 Certified New Jobs with an average annual wage that is equal to or greater than the Prosperity Region Average Wage; or a minimum of 250 Certified New Jobs with an average annual wage that is equal to 125 percent or more of the Prosperity Region Average Wage.
    • The Eligible Business agrees to maintain the number of Full-Time Jobs equal to or greater than the number of Full-Time Jobs it maintained in the State prior to expansion or location, or any Full-Time Jobs it acquired through a merger or acquisition that were located in the State prior to the expansion or location throughout the duration of the written agreement;
    • The Eligible Business will maintain the number of Certified New Jobs throughout the duration of the written agreement. If the Authorized Business fails to maintain the requisite number of Certified New Jobs, the Authorized Business will forfeit the State Withholding Tax Capture Revenues for that year.
    • The local governing body of the municipality in which the facility is located approves the expansion or new location by resolution;
    • The plans for the expansion are economically sound;
    • The expansion or location of the Eligible Business will increase employment opportunities and strengthen Michigan's economy;
    • Assistance under this Program is an incentive to expand or locate the Eligible Business in Michigan and address the competitive disadvantages with sites outside this state; and 
    • The expansion or location of the Eligible Business will result in a positive fiscal impact to the State.

    In order to support its reasonable costs and expenses in administering the Program, the MSF has established the following fee schedule;

    • Application Fee: $10,000
    • Amendment/Transfer/Assignment Fee: $5,000
    • Administrative Fee: 5% of the Withholding Tax Capture Revenue payments authorized by the MSF