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|Michigan car dealerships are proud that Michigan manufactures more vehicles than any other state in the US. It is #1 in jobs for mechanical and industrial engineers and hosts 60 of the best 100 auto manufacturers. It’s not just that the big automakers are in Detroit, either. Michigan is home to 16 original equipment manufacturers’ headquarters or technology centers. 76 percent of its business-funded research and development is in the auto sector. That’s what being the global leader of the auto industry for more than a century will do to a place.Moreover, Michigan features a leading automotive training and learning system .Today, Southeast Michigan’s long-established auto industry infrastructure is supplemented by high-tech infrastructure investments. In 2013, Michigan became one of the first states in the nation to pass legislation for driverless vehicles. The University of Michigan has established Mcity, a unique urban mobility test facility, and M-Air, a drone testing lab. The Michigan Department of Transportation is aiming to complete more than 350 miles of connected freeway infrastructure by 2019. And most recently, the 500-acre American Center for Mobility (ACM) opened just 10 miles from the Detroit Metropolitan Wayne County Airport. Audacious modifications have made Michigan more business-attractive than ever before. Taxes for businesses are lower right now than anytime in past generations. Our financial advancement tools are in fact available to all companies. These modifications, in conjunction with our production authority, world-class expertise, regional advantages and real Michigan way of living are fueling new financial expansion and commence enterprise opportunities.Ours is the best recovery tale in the United States, and it continues today. Michigan is the leader for producing and making things work. But we are innovators above all. We have launched development and strong improvement to our state. Michigan is certainly headed for an extraordinary improvement in which work and enterprise opportunities are soaring. Throughout the previous four years, more than 200,000 new careers had been generated throughout the state, and currently fifty percent of the latest graduates choose to remain in Michigan. Michigan hosts a varied and highly skilled workforce. Michigan’s substantial technology workforce could possibly be the 4th most significant in America. Michigan’s almost 14,000 production companies have availability to the world’s greatest amounts of industrial R&D in addition to a leading ranked research university. Michigan’s level of progress is highest throughout the Midwest and in fact it is 6th best in the United States.
The geographic position of Michigan positions it inside of 500 miles of half the U.S. and Canadian population and revenue. Globally border crossings provide limitless accessibility with our biggest trading partner, Canada. More than 15,000 sites can be obtained currently for commercial, industrial, retail, and agricultural use.
Possessing a very low 6 % Percent Corporate Income tax, Michigan has among the finest tax conditions in the United States. Manufacturers will be able to conserve much more using the pending removal of the State Personal Property Tax. Every year, there is $170 million available to business through incentives and assistance. As well as, $100 million which is available via lending options to small and also midsize companies.
For small and midsize businesses, there is $100 million financial loans and can be obtained for ventures that require additional assistance, 2nd phase gap financing, in addition to tasks geared towards stimulating urban locations, remaking use of buildings and endorsing mixed use and sustainable growth. Michigan is dedicated to fortifying efficient companies. Entrepreneurs and online companies also get access to an array of business services and vital financial support – available through 15 Smart Zones and business incubators, each moored by an academic institution, in addition to enjoying an administration that is unquestionably pro-business. To find out more about current Michigan News, click here.