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
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.