Businesses
Government-funded
$5.0M
per applicant
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Michigan's Strategic Outreach and Attraction Reserve (SOAR) and MEGA tax credit programs offer customized corporate income tax credits to attract or retain large employers making significant investments in Michigan, negotiated case by case.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum 50 new jobs or $25M capital investment
2.Targeted industries: advanced manufacturing, EV, semiconductor, life science
3.Must negotiate credit amount with MEDC
4.Jobs must pay ≥125% of county median wage
5.Clawback provisions apply if commitments not met
CAEATFA · California
Full state and local sales and use tax exemption (7.25–10%) on equipment purchases for California manufacturers of solar, wind, batteries, EVs, fuel cells, and green building materials. Reduces equipment procurement costs with board pre-approval.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.
GOED · Nevada
Sales tax abatements (up to 2%), property tax abatements, and Modified Business Tax credits for clean energy manufacturers locating or expanding in Nevada. Targets solar, wind, battery storage, and EV-related product manufacturers creating 10+ jobs.