Tax & Incentives

Startup or Expand in Midland

In Midland, not only will you find a competitive cost of doing business — you also have access to the best incentives in the state of Michigan.

Taxes & Financing

Industrial Facilities Tax Abatement is approved through the City of Midland to lower property taxes for a period of time and help reduce the cost of starting or expanding an industrial or manufacturing business.

Industrial Tax Exemptions through the State of Michigan allow an industrial processing exemption from sales and use tax. The industrial processing exemption is limited to specific property and activities.

Obsolete Property Rehabilitation Act (OPRA) provides property tax exemptions for commercial and commercial housing properties that are rehabilitated and meet the requirements of the Act.

Property Assessed Clean Energy (PACE) is a program that uses a property special assessment to help property owners finance energy efficiency, water conservation, and renewable energy projects.

Midland’s Opportunity Zone is designated to incentivize patient capital investments in low-income communities nationwide that have been cut off from capital and experienced a lack of business growth.

Community Development Block Grant (CDBG) program offers grants and loans to a unit of general local government, usually with populations under 50,000, in support of economic or community development projects. Project proposals are considered and evaluated continuously based upon the Michigan Strategic Fund’s approved Funding Guide.

What is a Brownfield?

A brownfield site is a property of which the expansion, redevelopment, or reuse may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. The Brownfield Program offers funding and financing opportunities to revitalize and clean up brownfield sites for the purpose of economic development.

Brownfield Redevelopment Program offers grants and loans from the Michigan Department of Environment, Great Lakes, and Energy (EGLE), and tax increment financing from local government agencies, for projects that promote economic development and reuse of brownfield properties. Grants and loans can be used for environmental assessments and cleanups at properties with known or suspected contamination.

Connecting Established Businesses to Capital

Debt Funding through the Michigan Economic Development Corporation (MEDC) can help increase the availability of capital.

Equity Funding through the MEDC can connect you to capital provides and partners.

Michigan Certified Development Corporation administers the U.S. Small Business Administration (SBA) 504 Loan Program, which assists for-profit small businesses.

Connecting Startups to Capital and Investors

Michigan Small Business Development Center (SBDC) provides access to capital, resources, and strategic planning and execution, and offers fiscal counseling.

North Coast Technology Investors partners with talented entrepreneurs in the Midwest to develop sustainable, long-term plans and access to capital to create rapid growth.

Blue Water Angels encourage entrepreneurs by referring them to individuals and organizations interested in investing in promising startup companies.

Traditional Financial Institutions and Lenders

Midland County and its municipalities are home to a wide choice of lenders, click here to see a list of MBA member lending institutions.

Human Resources Assistance

Having a reliable human resources (HR) consultant that is knowledgeable in HR laws and regulations is critically important for any business with employees, click here to see a list of MBA member HR consultants.

Want to learn more about the financial benefits of doing business in Midland?

Call us at (989) 839-0340 or fill out the form below.

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