$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 to get an instant 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.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
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.