Incentives

Local Incentive Programs

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Border County Incentives

Eligible businesses that locate in a county that borders another state or Canada may qualify for special tax incentives under PA 198 of 1974 (as amended) and PA 328 of 1998 (as amended). Monroe County qualifies for this incentive. Learn more

Brownfield Redevelopment

Under the Brownfield Redevelopment Act PA 381 of 1996, as amended, a municipality may create a brownfield Redevelopment Authority (BRA) to develop and implement brownfield projects. A BRA is a resource that may use Tax Increment Financing (TIF) as a tool for property redevelopment. Monroe County has effectively used this tool to assist several high-profile development projects including the U.S. newest National Battlefield Park, River Raisin National Battlefield. Learn more

Corridor Improvement Authority

(PA280) - The Corridor Improvement Authority assists communities with funding improvements in commercial corridors outside of their main commercial or downtown areas. Learn more

(PA255) - The Corridor Improvement Authority assists communities with funding improvements in commercial corridors outside of their main commercial or downtown areas. Learn more

(PA210) - This incentive encourages the rehabilitation of a qualified commercial property by abating property taxes generated on the new investment for a period to 10-years. Learn more

(PA198) Industrial property tax abatements provide incentives for eligible businesses to make new investment in Michigan. These abatements encourage Michigan manufacturers to build new plants, expand existing plants, renovate ageing plants, or add new machinery and equipment. High-technology operations are also eligible for the abatement. Learn more

(OPRA) Obsolete Property Rehabilitation Act provides for a tax incentive to encourage the redevelopment of obsolete buildings that are contaminated, blighted or functionally obsolete. The goal is to rehabilitate older buildings into vibrant commercial and mixed-use projects. Learn more

(PA328) 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. Learn more

State Incentive Programs

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Michigan has a vibrant food and agricultural industry and is second in our nation in the variety of commodities grown for market. Agricultural Processing Renaissance Zones (APRZ) were created to promote agricultural processing operations. Learn more

The Community Development Block Grant is administered by the Michigan Economic Development Corporation on behalf of the Michigan Strategic Fund. CBDG is a federal program administered by the Department of Housing and Urban Development. Michigan receives about $30 Million per year in funding. Learn more

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. Learn more

The Michigan Business Development Program is a new 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. Learn more

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. Learn more

Various sales and property tax exemptions in Michigan help reduce the tax liability for companies. Available tax exemptions are outlined in this fact sheet. Businesses should discuss these tax exemptions with their tax preparer, CPA, or tax attorney, as needed. Learn more

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CONTACT INFO

102 E. Front St.
Monroe, Michigan 48161
Phone: 734-241-8081
Email: bdc@monroecountybdc.org

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