Incentives and Taxes

Michigan Business Development Program

MBDP is designed to provide grants, loans or other economic assistance to businesses for highly competitive projects in Michigan that create jobs and/or provide investment.

Michigan Community Revitalization Program

MCRP promotes community revitalization with access to gap financing incentives for eligible projects located on properties that are contaminated, blighted, functionally obsolete or a historic resource.

Strategic Site Readiness Program

SSRP provides financial incentives to eligible applicants to conduct eligible activities on, or related to, strategic sites in Michigan, for the purpose of creating investment-ready sites to attract and promote investment in Michigan.

Critical Industry Program

CIP provides qualified investments for deal-closing, gap financing, or other economic assistance to create or retain qualified jobs as a result of a technological shift in product, production, or to make capital investments in Michigan.

State Essential Services Assessment (SESA)

Exemptions for qualifying investment(s) in eligible personal property owned by, leased to, or in the possession of an eligible claimant.

New Jobs Training Program

MNJTP authorizes community colleges to create a training pool to support employers that are creating new jobs and/or expanding operations in Michigan.

Industrial Facilities Exemption (P.A. 198 of 1974)

Provides a tax incentive to manufacturers to enable renovation and expansion of aging facilities, assist in the building of new facilities, and to promote the establishment of high tech facilities.

Transformational Brownfield Plan

TBP affords developers the opportunity to capture a portion of specific incremental taxes generated from largescale transformational projects for a specified time period.

Brownfield Redevelopment (P.A. 381 of 1996)

Brownfield Programs help develop walkable communities with historical architecture, provide support for mixed-use developments, help activate public spaces, enrich arts and cultural amenities and more.

Public Spaces Community Places

PSCP is a grant match program that utilizes donation-based crowdfunding to generate public interest and funding to revitalize or create public spaces.

Build MI Community

Provides property owners and real-estate entrepreneurs with limited development experience access to gap financing for incremental development projects that re-activate underutilized or vacant space into vibrant areas.

State Historic Preservation Tax Credits

The State Historic Preservation Tax Credit helps support place-based projects while promoting the preservation of Michigan’s historic resources.