TAX INCENTIVES

 

Relocation, Environmental, Infrastructure                                                                                                                                                                                                                                                           

RENAISSANCE ZONES

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.

 

 

ENMB Criteria:

 

Benefits include:

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

 

 

 

 

 

 

BROWNFIELD REDEVELOPMENT

 

 

 

 

 

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:

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  • Baseline environmental assessments

  • Due care activities

  • Lead or asbestos abatement

  • Demolition

  • Site preparation

  • Public infrastructure improvements

 

INDUSTRIAL/MANUFACTURING

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).

 

 

 

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CONTACT US

3518 Berger Road,  Lutz, Florida

Email: shoemakerdetroit213@gmail.com
Tel:  313-468-8293

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