INCENTIVE DESCRIPTION

State:	MI
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Brownfield Credits
Description:	BROWNFIELD REDEVELOPMENT: Credits against the Michigan Business Tax for expenses of demolition, construction, restoration, alteration, renovation or improvement of buildings or site improvements on eligible property and the addition of machinery, equipment and fixtures. Credits are available for up to 12.5% of eligible investments. Credits are categorized according to the level of investment: large, small and mini. Qualified properties may also qualify for tax increment financing.
Eligibility Requirements:	Project must be located occur in a designated brownfield property, Qualified Local Governmental Unit or the property must be contaminated. An application must be submitted and approved by the MEGA Board.
Geographic Restrictions:	Brownfields
Granting Authority:	Michigan Economic Growth Authority

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.