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Economic Development Incentives

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Competition for economic development and business expansion incentives is fierce. Indeed, provisions under the 2017 Tax Cuts and Jobs Act, as well as the current administration’s proposed infrastructure plan involving substantial reliance on state programs and public-private partnerships (P3), will drive up both opportunity and deal complexity, making that competition ever more intense. Miller Canfield attorneys have the skills, knowledge, extensive experience and relationships necessary to navigate the complex maze of tax credits, abatements, subsidies, exemptions and incentives available to help our clients make the best decisions and maximize their incentive options.

We have successfully helped clients analyze, select, negotiate and obtain hundreds of millions of dollars of different incentives that have made significant projects possible and brought them to reality, including:

Manufacturing and Technology Incentives

  • Property tax abatement
  • Brownfield tax credit
  • TIFA
  • Start-up business credit
  • Alternative energy credit
  • Smart zone
  • Renaissance zone
  • Enterprise zone
  • Federal empowerment zone
  • Foreign trade zone
  • Port authority
  • Underutilized business zone
  • Block grant
  • Anchor Zone tax credit

Employment Incentives

  • Job training and retaining grant
  • Work opportunity tax credit
  • Small business tax new employee credit
  • Youth apprenticeship credit

Business Investment Incentives

  • State investment tax credit
  • Personal property tax exemption
  • Venture capital credit
  • Federal New Market tax credits
  • Opportunity Zone Program
  • Film incentive programs

Housing Development Incentives

  • Neighborhood enterprise zone
  • Low-income housing tax credit
  • Federal mortgage guarantee
  • No cost financing
  • State tax credit

Environmental Green Building and Sustainability Incentives

  • Brownfield tax credit
  • Pollution control property and sales tax exemption
  • Pollution prevention loan
  • Tire clean-up grants
  • LEED-related grant and credit
  • Energy conservation tax credit
  • Tax abatement extensions

Redevelopment Incentives

  • Brownfield tax credit
  • Historic preservation tax credit
  • DDA
  • TIFA
  • OPRA tax abatement
  • Federal and state highway programs

Specialty Financing 

  • Small Business Administration (SBA) loans
  • State Housing Development Authority loans
  • Tax-exempt industrial development revenue bonds
  • Michigan Strategic Fund