MICHIGAN INCENTIVES SUMMARY
Michigan Business Development Program (MBDP)
The MBDP is an incentive program available from the Michigan Strategic Fund (MSF). The MBDP provides grants, loans, or other economic development assistance to businesses for highly competitive projects in Michigan that create at least 50 new jobs and capital investment. Michigan residents must hold the new jobs.
Good Jobs for Michigan
This program encourages large-scale project to locate in Michigan. Companies may receive a benefit under this program based on the number of jobs created (from 250 to 500 minimum new jobs) and the average wage of the jobs (ranging from equal to the regional average wage to 125 percent above the regional average wage) within five years. The incentive is a reimbursement of state withholding tax of up to 50 or 100 percent based on the average annual wage and the number of new jobs created. Good Jobs for Michigan is limited to 15 projects per year and a total of $200 million in total withholding tax.
Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.