Incentives and Resources for Qualified Businesses
We provide information on many incentives that businesses may qualify for below. Whether you are in a commercial district trying to improve your property for consumer use, or an industry eager to expand, our team can help your business grow. The Economic Development Department is connected with different resources that may be helpful for your business. The Small Business Development Center (SBSC), Michigan Venture, and the Michigan Economic Growth Corporation (MEDC) are three state resources we often reach out to for those looking to expand. Explore them all below!
A list of tax abatement's on the State of Michigan website can be found if you click here.
For information regarding Small Business Administration loans, click here. Please review the checklist located on their website to affirm eligibility if you are interested in applying for a small business loan.
A Commercial Facilities Exemption is a tax incentive for 1 to 12 years for a commercial property. The property must be in a Commercial Rehabilitation District.
An Industrial Facilities Exemption provides a tax incentive to manufacturers to enable renovation and expansion to aging facilities, assist in the building of new facilities, and to promote new high tech industries. The project must be located in an Industrial Development District. This abatement entitles the facility to exemption from real and/or personal property for 1 to 12 years.
Michigan's Talent Resources is a helpful tool for employers looking to hire and train new employees to their company.
The Brownfield Redevelopment Act has the purpose to redevelop areas, promote the redevelopment of certain properties with blight or contamination issues/concerns.
The Small Business Administration is an association which makes loans available to qualifying business owners who are having trouble applying for a traditional bank loan.
Click On Any of the City of Taylor Resource Links Below to Learn More