From the Governor
“Michigan must target, grow and recruit the strongest, fastest-growing industries of the future and offer the talent, place, education and infrastructure necessary to compete with the world.” —Gov. Gretchen Whitmer
While Michigan remains a leader in manufacturing, it’s aiming to transform the global perception of Detroit. Several new investments in the metro area, including $2.15 billion in a multi-site, mixed-use development, aims to change the direction. Amazon, Stryker, Pfizer and WABCO have also recently announced investments in the state.
Brownfield Program: Offers tax increment financing to reimburse costs related to redeveloping contaminated, functionally obsolete, blighted or historic properties.
Good Jobs for Michigan: Offers state withhold tax capture revenues of up to 100% for up to five to 10 years, depending on the average annual wage and number of certified jobs created.
Michigan Business Development Program: Offers grants, loans and other economic assistance to businesses for highly competitive projects that create jobs.
Michigan Community Revitalization Program: Offers a variety of economic incentives to accelerate private investment in declining areas.
Michigan Economic Development Corp.: michiganbusiness.org
Michigan Economic Developers Association: medaweb.org
Detroit Economic Growth Corp.: degc.org
Lansing Economic Development Corp.: edc.lansingmi.gov
Lansing Economic Area Partnership: purelansing.com/About-LEAP
- WABCO announced in April it will locate its headquarters in Auburn Hills and create 87 new jobs.
- Bedrock Management Services announced in May a $2.15 billion multi-site, mixed-use development in downtown Detroit that will support 7,738 full-time jobs.
- Amazon announced in May a $150 million fulfillment center in Kent County that will create 1,000 new jobs.
- Stryker announced in June 2018 it will invest $109 million in its 79-acre industrial site in Portage and will add 260 jobs by the end of 2025.
- Pfizer announced in July 2018 a $465 million production facility in Portage that will create more than 450 new jobs over the next several years.
- Glanbia and Select Milk Producers partnered in August 2018 and announced a $425 million dairy processing facility in St. Johns that will create 259 new jobs.
19 Fortune 500 companies are headquartered in the state, including:
Penske Automotive Group
“Downtown Sparta was the ideal location for our cybersecurity research lab…. West Michigan’s low cost of doing business, combined with its talented pool of technology workers, will make our company more competitive.” —Brian DeMuth, CEO, GRIMM
“These landmark developments are a milestone representing Detroit’s credible new era of hope, optimism and growth.” —Dan Gilbert, Founder and Chairman, Bedrock Management Services
“The support of local and state agencies demonstrates why Michigan is such a great location to invest…. We are looking forward to getting up and running with our partners and farmers, providing world-class dairy products while bringing jobs and economic development to the state.” —Brian Phelan, CEO, Glanbia Nutritionals