LEAP Preferred Vendors
Expand Your Business
LEAP's business development team is here to assist you with everything your business needs to grow. MORE>>
Talent Attraction
With so many institutions of higher education near by, its not a wonder why we have as much talent as we do. MORE>>
Start-Up Assistance
Gives entrepreneurs access to everything they need to launch and build sustainable, globally competitive companies. MORE>>
Greater Lansing Business Climate
We take “business-friendly” to a whole new level.
The Greater Lansing business climate takes “business friendly” to a whole new level. Many people define “business friendly” in terms of affordability, which is just one benefit of the Greater Lansing business climate. On top of affordability, the Greater Lansing Business climate expands the definition of “business friendly” to include resources, connections, innovations and more.
Business-centric tax structure
Recent changes to our state and local tax structures are designed to make our area an even more cost-effective place to do business.
State Taxes
The State of Michigan is extremely committed to building business partnerships and recent tax changes reflect that commitment.
A range of available incentives
Your business is critical to the future of the Lansing area and government leaders at the state, regional and local levels have worked hard to deliver incentive programs that prove it.
Incentives are available to new, expanding and relocating companies in a wide variety of categories.
Brownfield incentives
Helps to encourage reuse of contaminated, functionally obsolete or blighted buildings.
Capital Access programs
Help provide small Michigan businesses with access to bank financing.
Film tax credit programs
Michigan has become a film making hub! Incentives available for production, infrastructure development, financing and workforce development.
Industrial Development Revenue Bonds
Extremely low-interest financing for fixed assets; can be used for manufacturing and not-for-profit projects.
Michigan Economic Growth Authority (MEGA) Tax Credits
This credit can make it more affordable for your company to expand or relocate in Michigan. May provide a refundable tax credit against the Single Business Tax to companies in select industries.
Michigan Entrepreneurial Credit
Rewards entrepreneurs that create jobs in Michigan.
Renaissance Zone credits
Companies who locate in a designated Renaissance Zone can virtually eliminate taxes in a variety of categories.
SBA 7 (a) Loan programs
In the event of borrower default, this program will repay the bank that made the loan. Helps to decrease bank risk and increase small business access to affordable loans.
Tax abatement
Available in a wide variety of categories.
Tax-exempt bond project financing
These bonds are used to finance qualified development projects and can help to reduce the cost of project financing.
Tax incremental financing
This tool can make your development project more affordable.
Training assistance and grants
These resources provide an affordable way to help your employees gain the skills they need to compete in today’s global marketplace.
The Leap team has an excellent knowledge of incentives at every level and will help your team connect with the incentive programs that are right for you.
Milken Institute
This national cost-of-doing business index ranked the State of Michigan as 20th in the country:
|
|
Michigan stats |
Index score* |
|
Wage and salary cost per employee |
$41,697 |
99.5 |
|
State tax revenue as a share of personal income |
69.4 |
106 .7 |
|
Cost of commercial/industrial electricity in cents per kilowatt-hour |
7.1 |
95 .9 |
|
Square-foot cost of industrial space |
4.3 |
87 .9 |
|
Square-foot cost of office space |
18.6 |
92 .7 |
|
Cost of doing business index |
|
98.9 |
*An index score of 100 means the state is equal to the US average; a number lower than 100 means the state’s cost is less than the national average