Michigan Legislation
Anchor Zone Tax Credits
Provides tax credits for anchor companies, those companies that attract or influence suppliers or customers to expand anywhere in Michigan. The size of those anchor zone tax credits are based on the number of jobs created and the amount of personal income taxes generated by those jobs.

Anchor Zone Designation
A second incentive grants the anchor company a Michigan Business Tax credit incentive for up to 10 years for successfully encouraging a customer or supplier company to locate within a 10-mile radius of the anchor company's facility. The company entering the anchor zone must invest at least $1 million and create more than 10 full-time jobs. It can be a Michigan company adding a new location in Michigan, a business relocating to the state, or one expanding operations in Michigan as a result of doing business with the anchor company.

The new anchor zone incentives are directed at companies, suppliers, and customers active in high-growth, high-technology industries targeted in the governor's 21st Century Jobs Fund initiative to diversify and strengthen Michigan's economy, particularly in the area of alternative energy. Other areas of growth include advanced manufacturing and materials, information technology, medical devices, and life sciences.

Michigan Renewable Energy Portfolio Standard (RPS)
Mandates that 10 percent of the State of Michigan's energy come from renewable sources by 2015

Electricity Legislation
Regulatory reform was enacted that protects Michigan ratepayers and allows utility companies to build new electricity generation in Michigan, and a requirement that utilities meet an additional 5.5 percent of Michigan’s annual electricity demands through energy efficiency by 2015.

Income Tax Credit and Net Metering
An income tax credit has been enacted to offset a portion of ratepayers’ investments in renewable energy for Michigan and a “net metering” law that allows customers to sell renewable electricity they produce at
their homes or businesses to their utility companies.

Additional Incentives