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Detroit welcomes businesses from around the world and around the block by offering a variety of financial resources and incentives. These programs are specifically targeted to inspire economic growth for relocating or expanding businesses. From tax abatements and Brownfield plans to workforce development training, Detroit offers the solutions businesses need to be successful.

Historic Tax Credits – Provides tax credits for the substantial, certified rehabilitation of certified historic structures for commercial, industrial and rental residential purposes

New Market Tax Credits – Provides incentives that can be monetized for eligible projects benefiting targeted populations within designated low income census tracts.

EDA Public Works or Economic Adjustment – Highly competitive federal program that can provide federal match for eligible construction-related costs related to job-producing projects that meet a national objective. (May have significant time lag prior to disbursement of funds)

EPA Site Assessment Grants – Site assessment grants currently available through the Detroit-Wayne County Port Authority-led coalition.

EPA Clean-Up Grants – Highly competitive federal program that provide funding for a grant recipient to carry out cleanup activities at brownfield sites. (May have significant time lag prior to disbursement of funds)

EB-5 Immigrant Investor Program – EB-5 Visas are awarded based on investment in new enterprises located in USCIS Regional Centers for economic growth.  New businesses must create 10+ full time jobs.  The program also requires a minimum investment of $500,000 within a high unemployment area.

Ready to Work Grant – Through ready to work partnerships with three or more employers, workforce investment boards and training providers, DOL will fund programs that can effectively recruit and serve long-term unemployed workers, specifically focusing on jobs where employers currently use large numbers of foreign workers on H-1B visas.  Applications are submitted once per year in February, but awards are not announced until mid-year.