To keep Michigan competitive with other states for large industrial investment, Michigan’s economic development strategy must include a nationally and globally competitive economic incentive program. Michigan’s tax changes help make our state more that have competitive tax rates also continue to utilize economic incentives to actively recruit manufacturing capital investment and job creation in their states. In addition, these states are looking to lure away both existing and future investments from Michigan. We cannot disarm in the battle for our industrial base. Michigan needs a nationally competitive incentive strategy.

MMA Position: Michigan must continue to evolve its economic development tools to retain our industrial home team, and to attract new high value industrial assets. A successful economic development strategy requires implementing both a competitive industrial tax rate along with a nationally and globally competitive economic incentive program.