Renewable Energy Renaissance Zone
| Eligible States | MI |
| Type | Tax Exemption |
| Area of Interest | Renewable Energy |
| Description |
In July 2006, Michigan amended its Renaissance Zone Act under Public Act No. 273, which authorizes the designation of up to 15 tax-exempt zones for renewable energy facilities. The purpose is to encourage commercial and industrial development in economically distressed areas of the state. The law establishes geographic zones that are virtually tax-free for renewable energy facilities during the start-up stage, with tax abatement phased out at 25 percent increments during the Zone's final years of existence. |
| Eligible Organizations | Livestock Producer, Commercial/Industrial Business, Nonprofit, Residential, Small Business |
| How to Apply | Interested communities and businesses are encouraged to contact the Michigan Economic Development Corporation to discuss potential projects in detail. |
| For More Information | http://ref.michigan.org/medc/services/sitedevelopment/renzone/index.asp  |
| Primary Contact | Public Information - MEDC Michigan Economic Development Corporation 300 North Washington Square Lansing, MI 48913 (888) 522-0103 medcservices@michigan.org |