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.
Business projects in manufacturing, mining, research and development, wholesale trade, and operations may be eligible for the abatement of all personal property taxes in targeted areas. Retail businesses and casinos are not eligible. Targeted areas include Renaissance Zones, enterprise zones, Brownfield redevelopment zones, empowerment zones, tax increment financing districts, local development financing districts, or a downtown development districts.
- Benefit: 100% abatement on the value of new personal property.
- Term: Varies based on award
- Targeted area: Citywide
- Applicant must enter in a Tax Agreement with the City of Detroit.
Download the New Personal Property Exemption for more information.