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INCENTIVES
Middle Michigan Development Corporation has a staff that is ready and
able to assist companies with location, expansion, or retention projects
in the Middle Michigan Region. MMDC
staff is well versed in the incentives available to new or expanding
companies. Please contact Middle Michigan
Development Corporation for additional information.
- Tax Abatement
– MMDC staff will assist with the application process for
tax abatement on real and personal property for manufacturing and
technology businesses.
- Tax Free
Renaissance Zones – these zones are state tax free
until 2013.
- SmartZone –
The Center for Applied Research and Technology at Central Michigan
University is one of the state’s 11 SmartZones designed to stimulate
the growth of technology businesses and jobs.
- Training
Assistance – funds are available for training or retraining
company employees through several sources.
- Mid Michigan
Area Placement Council (MMAPC) – is a group
of placement specialists working together to grow the workforce in the
Middle Michigan Region. Through job fairs, job shadowing, mentoring,
mock interviews and networking this group works to enhance and match
skill sets between the region’s employers and potential employees.
- Community
Development Block Grants – MMDC has written over $11.7 M in
CDBG grants for improvement of infrastructure in the Middle Michigan
Region.
- Industrial
Development Revenue Bonds – MMDC provides assistance in
accessing for public projects in the community.
- Brownfield
tax credits – available to businesses willing to
participate in the redevelopment of contaminated, blighted or obsolete
sites.
- Job Creation
Tax Credits – available through the MEGA
program to qualifying companies.
- Tax Increment
Financing Authority (TIFA) – these captured
tax dollars are used within the TIF district (industrial parks and
downtowns) to maintain the district and to improve infrastructure.
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