The MEDC and State of Michigan provides significant value to businesses looking to expand or locate their business here, including:

  • $175 Million annually in business attraction and economic gardening programs and business assistance through MEDC;
     
    • $100 million available for attraction and economic gardening
    • $25 million available for business acceleration
    • $25 million available to support the film and digital media industry
    • $25 million available to support the Pure Michigan promotion program 
  • The Michigan Business Development Program is a new incentive program available to eligible businesses that create qualified new jobs and/or make qualified new investment in Michigan.
  • The Michigan Community Revitalization Program is a new incentive program designed to promote community revitalization that will accelerate private investment in areas of historical declining values.
  • A Simplified and Competitive Business Tax Structure – The new structure will tax C-Corporations at 6% on federal taxable income apportioned to Michigan.
  • Pure Michigan Business Connect – The $3 billion public-private initiative strengthens Michigan’s economic gardening philosophy through an alliance of the Michigan Economic Development Corporation, Michigan companies and other Michigan organizations.
  • Talent Enhancement – A suite of services is available to firms that need to find the right people for their business. The MEDC’s Talent Enhancement team works closely with businesses to identify and screen talent, provide HR consulting and training services.

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