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Expand or Relocate to Michigan
      

Michigan Business Data

Relocate or Expand to Michigan

MI business climate, manufacturer incentives, and advantages of local communities

Business Data for Michigan


Population
9,969,727

Total Labor Force
4,850,273

Unemployment Rate
4.3%

# Manufacturers
13,285

Manufacturing Jobs
700,245

Right to Work
Yes

Unemp. Insurance Tax
.06–10.3%


Manufacturing stats updated on 11/13/2017. All other data updated on 11/13/2017. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
6% for C Corps. Other business entities taxed through owners' personal income tax rate of 4.35% (4.25% in 2013).

Sales Tax
6%. Exemptions include: Manufacturing machinery & equipment; electricity & natural gas used in production, pollution control equipment.

Property Tax
Property assessed at 50% of Current Market Value. Average non-homestead property tax equals $48.39 per $1,000. Exemptions include: Business Inventory; special tooling, pollution control equipment. 50% abatements for up to 12 years available to industrial processors and high tech companies. State designates low to no tax "Renewable Energy Renaissance Zones."

Leading Mfg. Industries
(by # of employees)
21% Transportation equipment
19% Industrial machinery and equipment
12% Fabricated metal products
8% Rubber and miscellaneous plastic products
6% Food and kindred products

Largest Mfg. Employers
(by # of employees)
FCA US, LLC (Auburn Hills) - 15,000
Nexteer Automotive (Saginaw) - 6,900
Gentex Corp. (Zeeland) - 5,100
FCA US, LLC (Warren) - 4,267
General Motors Global Propulsion Systems (Pontiac) - 4,000
Ford Motor Co., Michigan Assembly Plt. (Wayne) - 4,000
Amway Corp. (Ada) - 4,000
Alticor, Inc. (Ada) - 4,000
 
Counties with the Most Mfg. Jobs
Oakland - 118,177
Wayne - 108,322
Kent - 92,342
Macomb - 77,095
Ottawa - 44,212

Cities with the Most Mfg. Jobs
Grand Rapids - 56,941
Auburn Hills - 32,115
Detroit - 31,836
Warren - 20,664
Sterling Heights - 19,595

Mfg. Related Business Incentives
• Small Business Investment Tax Credit
• Pure Michigan Business Connect
• New Talent Portal
• Michigan Business Development Program
• Michigan Community Revitalization Program
• Capital Access Program (CAP)
• Michigan Pre-Seed Capital Fund
• Private Activity Bonds
• EB-5 Investment & Visa Program
• Michigan Emerging Technologies Fund
• Small Business Capital Access Program (SBCAP)
• Michigan Business Growth Fund

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Michigan

Ithaca, MI
Saginaw, MI
Huntington, IN
A nonprofit organization created by the business community in 1997, providing businesses with start-up, expansion, relocation, incentives & workforce development services
Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Machinery Movers & Riggers-Heavy Haulers-Installers-Millwrights
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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