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Business Incentives


Michigan is in the midst of reforming its corporate tax structure, lowering business costs and improving our business climate for West Michigan companies.

The Right Place, in collaboration with the Michigan Economic Development Corporation (MEDC), also creates incentive packages for companies expanding or locating in West Michigan. Some of the programs available include:

  • Brownfield Redevelopment Authority (PA 381)

    Brownfield Redevelopment Authority (BRA) can be used to develop and implement Brownfield projects. A BRA is a resource that may use Tax Increment Financing (TIF) as a tool for property redevelopment.
  • Community Development Block Grant

    The Community Development Block Grant (CDBG) program is a federal grant program utilizing funds received from the US Department of Housing and Urban Development (HUD). Each year, Michigan receives approximately $30 million in federal CDBG funds, out of which various projects are funding through the state.
  • Industrial Property Tax Abatement (PA 198)

    Industrial property tax abatements provide incentives for eligible businesses to make new investments in Michigan. These abatements encourage Michigan manufacturers to build new plants, expand existing plants or renovate aging plants.  High technology operations are also eligible for the abatement.
  • Michigan Business Development Program

    The Michigan Business Development Program is an incentive program available from the Michigan Strategic Fund (MSF), in cooperation with the Michigan Economic Development Corporation (MEDC). The program 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 Business Growth Fund Loan Participation Program

    The Michigan Loan Participation Program participates with lenders to finance diversification projects when faced with eligible borrower companies whose projected cash flows are considered speculative by the lender.
  • Michigan Collateral Support Program

    The Michigan Collateral Support Program supplies cash collateral accounts to lending institutions to enhance the collateral coverage of borrowers. To qualify, a business must be engaged with a private lender for the purpose of acquiring a commercial extension of commercial credit and must exhibit a collateral shortfall according to the lender's analysis.
  • Michigan Community Revitalization Fund

    The Michigan Community Revitalization Program (CRProgram) is designed to promote community revitalization that will accelerate private investment in areas of historical declining values, contribute to Michigan’s reinvention as a vital, job generating state, foster redevelopment of functionally obsolete or historic properties, reduce blight, and protect natural resources of this state. The program is designed to provide grants, loans, or other economic assistance for eligible investment projects in Michigan.
  • Personal Property Tax Relief in Distressed Communities (PA 328)

    Personal Property Tax Relief in Distressed Communities allows distressed communities, county seats and certain border county communities to abate personal property taxes on new investments made by eligible businesses.
  • Pure Michigan Business Connect – Program Overview

    Pure Michigan Business Connect (PMBC) is a public-private initiative that introduces Michigan companies to opportunities that help them grow and expand. By participating in the program, companies receive: business assistance at little to no cost; access to a new business-to-business (B2B) network; and find new customers while also leveraging procurement resources to increase their supply chain.
For more information about the above incentives, please contact us