Michigan stands out among other states. The combination of strikingly beautiful landscape, cultural attractions and a thriving, diverse economy makes the state an attractive place to live, work and play.
Michigan’s competitiveness is due in part to the simple, fair and efficient 6 percent corporate tax, and the elimination of industrial personal property taxes that will cut $372 million for small businesses by 2020. In addition, Michigan provides billions of dollars in support each year for business expansions and growth through its resources, incentives and loans. Entrepreneurs and startups also have access to business services and financial support through MEDC’s SmartZones and business incubators, each anchored by an academic institution.
ACCESS TO CAPITAL
Michigan Economic Development Corporation works to increase the availability of capital for companies in Michigan at every stage of development. MEDC can help connect your business with capital providers – federal grants, venture capitalists, banks, and others – as well as offer programs that can expand the reach of those capital providers.
MICHIGAN STRATEGIC FUND
The Michigan Strategic Fund (MSF) was created by P.A. 270 of 1984 and has broad authority to promote economic development and create jobs.
INTERNATIONAL TRADE SERVICES
Michigan is well-positioned to attract global customers and recognizes global trade as a key component of the state’s economy. MEDC offers business assistance in identifying and pursuing global market opportunities that can help you compete globally and grow your business.
REPORTS & DATA
As Michigan’s lead economic development agency, we have a strong commitment to keep citizens informed about programs and incentives supported in part by their tax dollars. The information below is provided to help keep you informed. Check back often for updates.