Next Michigan Development Act

NEXT MICHIGAN DEVELOPMENT ACT

The Next Michigan Development Act authorized the MSF Detroit NMDC (under PA 275 of 2010) to designate up to seven Next Michigan City of Detroit was recently approved by the Michigan Strategic Development Corporations, comprised of local government units Fund as the seventh and final NMDC allowed by current that enter into an interlocal agreement to form a corporation. legislation. The Detroit Next Michigan Development Corporation These Next Michigan Development Corporations are empowered (D-NMDC) is centrally located within an extensive network of to recommend certification of a Next Michigan Renaissance transportation infrastructure assets. Support for multi-modal Zone as well as utilize state tax increment financing capture (as business needs include the Coleman A. Young International enabled under Act 281 of 1986) to assist projects within their Next and Detroit Metropolitan Airports; the Port of Detroit, which Michigan Development District. The seven NMDCs are as follows: connects the Great Lakes and the midwest to the St. Lawrence Northern Nexus NMDC Seaway; direct access to four of the seven U.S. Class I railroads; Located within the northwest region of Michigan hosting five direct access to I-75, I-94, I-96, I-275 and I-696 freeways; and participating jurisdictions, this region offers the use of Traverse border crossing to Canada via the Detroit Windsor Tunnel, City’s Cherry Capital Airport and road infrastructure to create Ambassador Bridge, and planned new international trade center. great opportunities for business. www.northernnexus.org WHY DO BUSINESS IN MICHIGAN? I-69 International Trade Corridor NMDC Next Michigan Businesses are those located or locating within the Located in the east central region of Michigan with a depth of NMDC regions that utilize multi-modal transportation in their 33 participating jurisdictions, this region’s resources of interest supply or production chains. NMDCs aim to assist these logistics- include Flint’s Bishop International Airport, deep-water ports, based companies and the opportunities offered are as follows: several interstate and state highway systems, and the St. Clair Tunnel. www.i-69internationaltradecorridor.com Renaissance Zones, PA 376 of 1996 Port Lansing NMDC Renaissance zones established by a NMDC offer100 percent relief Located within the central region of Michigan with participation from both real and personal property taxes and, if applicable, city from City of Lansing and Ingham County, Port Lansing’s supply corporate income tax, within the boundaries. The renaissance chain assets include the Capital Region International Airport, zones may be approved for up to 10 years and are phased out in 25 which has the Global Logistics Centre, Foreign Trade Zone (FTZ) percent increments in the last three years. The renaissance zone No. 275 and adjacent rail. The airport is minutes from I-69, I-96 works in conjunction with the designation of a marketing zone and US-127 highways. www.portlansing.com within the NMDC. Detroit Region Aerotropolis Corporation Local Development Financing Act, PA 281 of 1986 Located within southeast Michigan spanning across nine Allows a NMDC to utilize tax increment financing to fund public jurisdictions, this region offers expansive transportation infrastructure improvements. There are several financing options infrastructure driving investment in and around Wayne County’s for LDFA activities that allows for the capture of incremental Detroit Metro and Willow Run Airport system. www.detroitaero.org growth of local property taxes over a period of time to fund these West Michigan Economic Partnership NMDC improvements. New Personal Property Tax Exemption, PA 328 of 1998 Located within the west central region of Michigan involving participation from seven jurisdictions, the benefits of this region Offers a100 percent property tax exemption for an unlimited include economical energy and abundant natural resources such number of years on new personal property for companies within as nearby Lake Michigan and the Gerald R. Ford International certain industries. Airport. www.greenlightwm.com Industrial Facilities Tax Exemption Superior Trade Zone NMDC pursuant to Act 198 of 1974 Located in the Upper Peninsula, hosting 16 jurisdictions, this An industrial facilities exemption certificate can be used to obtain region takes advantage of the large tracts of land geographically a 50 percent property tax reduction for new, qualified real and located near the Delta County Airport Industrial Park and the personal property for a period of up to 12 years. Telkyte Industrial Park located at the former Air Force base in Marquette County. The Superior Trade Zone utilizes their natural CONTACT INFORMATION resources in the agricultural, mining and tourism industries as For more information contact the MEDC customer contact center well as trade opportunities that occur with Canada to the north. at 888.522.0103.

HOUGHTON Corporations

ONTONAGON BARAGA

LUCE MARQUETTE GOGEBIC ALGER CHIPPEWA IRON SCHOOLCRAFT MACKINAC DICKINSON DELTA

EMMET MENOMINEE CHEBOYGAN PRESQUE ISLE CHARLEVOI

X MONTMORENCY

ANTRIM OTSEGO ALPENA PARTICIPATING JURISDICTIONS LEELANAU KALKASKA GRAND CRAWFORD OSCODA ALCONA BENZIE TRAVERSE Superior Trade Zone I-69 International

Delta County Trade Corridor MANISTEE WEXFORD MISSAUKEE ROSCOMMON OGEMAW IOSCO Marquette County Village of Almont City of Escanaba Attica Township ARENAC City of Gladstone Burton MASON LAKE OSCEOLA CLARE GLADWIN HURON City of Marquette Corunna Genesee County BAY OCEANA MECOSTA ISABELLA MIDLAND Bark River Township Davison Township NEWAYGO Chocolay Township Durand TUSCOLA SANILAC MONTCALM SAGINAW Ely Township Fenton GRATIOT MUSKEGON Ford River Township Flint SHIAWASSEE Garden Township Flint Charter Township KENT GENESEE LAPEER ST. CLAIR OTTAWA IONIA CLINTON

Township of Ishpeming Grand Blanc MACO MB Township of Maple Ridge Grand Blanc Charter Township OAKLAND ALLEGAN BARRY EATON INGHAM Nahma Township Imlay City LIVINGSTON Richmond Township Kimball Township VAN BUREN Wells Township Lapeer KALAMAZOO CALHOUN JACKSON WASHTENAW WAYNE Forsyth Township Lapeer County Lapeer Township CASS ST. JOSEPH BRANCH Village of Lennon BERRIEN HILLSDALE LENAWEE MONROE Northern Nexus Marysville Blair Township Village of Morrice East Bay Charter Township Mt. Morris Charter Township Garfield Charter Township Mundy Charter Township Port Lansing VantagePort Grand Traverse County Village of North Branch DeWitt Charter Township Belleville Traverse City Owosso Lansing Huron Township Perry Romulus Perry Township Taylor Detroit NMDC West Michigan Port Huron Van Buren Charter Township Economic Partnership St. Clair City of Detroit Washtenaw County Cascade Charter Township St. Clair County Wayne County Ypsilanti Grand Rapids St. Clair Township Ypsilanti Charter Township Kent County Shiawassee County Kentwood Vernon Township Muskegon Village of Vernon Muskegon County Wyoming