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Tax CreditMichiganActiveVerified

Michigan MEGA Tax Credit — Large Business Attraction

Michigan Economic Development Corporation (MEDC)MI-MEGA
Max per Applicant

$5.0M

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Michigan

About This Program

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.

Key Requirements & Eligibility

  • 1Minimum 50 new jobs or $25M capital investment
  • 2Targeted industries: advanced manufacturing, EV, semiconductor, life science
  • 3Must negotiate credit amount with MEDC
  • 4Jobs must pay ≥125% of county median wage
  • 5Clawback provisions apply if commitments not met

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

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Applicable Industries

ManufacturingTechnologyClean TechnologyResearch & Development
Official Source