In Michigan, we’re open for business.
 I’m Jeff Mason, CEO of the
Michigan Economic Development Corporation, and I’m asking you to take a few
moments to consider why Michigan is right for your business.
Let me tell you about a new
incentive package that could lead to unprecedented future opportunities.
We
listened to the needs of economic developers across our state and created a
truly innovative package of incentives tailored to those projects that create
over 250 new jobs. The incentives allow a business to capture Michigan income
taxes withheld from certified new jobs created. Projects must be completed
within five years, and the withholding tax capture revenues will be paid
annually when the minimum number of new jobs has been created.
|
In order to be eligible the new jobs have to pay either at least 100% or 125% of the regional average wage depending on the number of new jobs (250, 500 or 3000). We refer to these incentives
as the Good Jobs for Michigan initiative. Indeed, these are good jobs
for Michigan, but these are also incentives that make good business sense.
Michigan’s
expansive economic growth over the last five years is a testament to our
appealing climate of low taxes, sensible regulation and a thriving economy
distinguished by a thriving global automotive industry, world-class talent and
a distinctive eye to being a part of the emerging trends shaping the global
economy.
Michigan
put the world on wheels and we’d like to think today, drawing on our legacy of
innovation, we’re driving the path into the future.
Let’s start
the conversation.
Hopefully, you've had a chance to talk with Nicole Whitehead, the MEDC's
Director of Sales & Service Operations, about the many opportunities in
Michigan. To begin or continue the conversation, please contact Nicole at whiteheadn@michigan.org or 517-719-3157.
She’ll provide you with compelling information on how the Good Jobs for
Michigan initiative can be a vital part of coming to Michigan or expanding your
business.
Best,
Jeff Mason
Chief Executive Officer
Michigan Economic Development Corporation
|
