Saginaw Small Business Information Network Roadmap: Tax Incentives

The State of Michigan offers several tax reduction programs. Reducing a business's operating expense by giving certain tax breaks, creates an incentive to attract or retain business in our community. Where can you go to learn how to take advantage of these tax break programs?

The Michigan Economic Development Corporation (MEDC) is Michigan's economic development agency. With the help of MEDC and it's programs, Michigan has ranked first in the nation for the most business investments and expansion products for five of the past seven years, and finished second in the past two years. These high national rankings show how hard Michigan is working to be a friendly business economy.

MEDC makes the information for their tax incentive programs available statewide. Some porgrams apply to certain industries; other programs are available in certain geographical zones. MEDC can match basic data about your business and your location with their programs to tell you which ones you would be eligible for.

These MEDC tax incentive programs are not simply available for the asking. Each different program has very strict guidelines. Many factors are involved, from the type of business that MEDC wants to see started, to the number of new jobs that will be created. Not every new business will qualify for reduced taxes.

Local help is available for you. Saginaw Future, Inc. (SFI) is the economic development agency for Saginaw County. It is also the local partner for MEDC. Please see the Roadmap Business Groups for SFI contact information or more information below.

SFI provides local information on tax incentives available in Saginaw County. This includes the benefits of locating in Saginaw's Renaissance Zone, an area which is virtually tax-free.

MEDC has the final decision-making authority for nearly all of Michigan's incentives. Look to SFI to evaluate your business situation and help maneuver your company through the tax incentive proces.

Saginaw Future Inc., the economic development agency for Saginaw County, can help you evaluate and maneuver your company through the tax incentive process.  Saginaw Future provides information on available tax incentives in Saginaw County, which includes virtually tax-free Renaissance Zones.

The Michigan Economic Development Corporation (MEDC) is the State of Michigan's economic development agency.  The MEDC provides incentive information available for the entire state.  The MEDC also provides an  incentive profiler that uses basic data inputs to give you an overview of the incentive programs in Saginaw County and the entire state.  The aforementioned Saginaw Future is a local partner with the  MEDC, which has final decision-making authority for nearly all of Michigan's incentives.