Michigan has reinvented the incentive process. Instead of offering tax credits that may provide future savings based on jobs and investment targets, MEDC has programs that provide immediate benefit. Couple these innovative programs with a low 6% Corporate Income Tax and the elimination of the Personal Property Tax, Michigan offers one of the best pro-business environments in the country.
Each year, $170 million is available in incentives and assistance. Plus, $100 million is available in loans to small and midsize businesses.