Relocation, Environmental, Infrastructure
The Detroit Renaissance Zone offers an exemption or waiver of most taxes for businesses that locate new facilities in Detroit’s employment corridors that result in substantial investment and job creation opportunities.
Awarded for a period of up to 10 years
100% Utility Users Tax Waiver
100% Corporate Income Tax Waiver
100% Personal Property Tax Exemption
100% Real Property Tax Exemption
Shoemaker Development qualify as contaminated, blighted or functionally obsolete and are part of an approved Brownfield plan and is eligible for Tax Increment Financing for both environmental and non-environmental activities, such as:
Baseline environmental assessments
Due care activities
Lead or asbestos abatement
Public infrastructure improvements
Industrial and Hi-Tech Tax Abatement (PA 198) – Business Incentive
Provides tax incentives to manufacturers to enable the renovation and expansion of aging facilities, assist in the building of new facilities and to promote the establishment of high tech facilities. Eligible facilities also include, engineering, R&D, or logistics operations.
Benefit: Provides a tax exemption on the value of improvements
Up to 12-year term
Targeted area: Citywide
Applicant must enter in a Tax Agreement with the City of Detroit.
Allows the city to waive most taxes for businesses Certified as an Eligible Next Michigan Business (ENMB) and that moves products or services via “multimodal commerce”. Multimodal commerce involves the movement of products or services via (2) or more modes of transportation (ie air, road, rail or water).