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
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).