Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
High-wage job creation incentive allowing companies to capture 100% of state income taxes paid by new employees for up to 10 years. Targeted at transformational projects creating at least 250 jobs at 125% of regional average wages, or 500 jobs at 100% of average wages.
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 250 new jobs at 125% of regional avg wage OR 500 jobs at 100% avg wage
2.Company captures up to 100% of state income taxes withheld from new hires
3.10-year program window
4.Capital investment commitment required
5.Project approval by Michigan Strategic Fund board required
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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).