Under the Michigan Renaissance Zone Act the Michigan Economic Development Corporation can designate up to 25 tax free zones within the state.  The zones allow companies to operate tax free for up to 15 years thus enhancing their ability to compete globally.  To qualify, the designated property must be owned/leased by a qualified tool and die business for the purpose of tool and die operations; have fewer than 50 full-time employees; secure local government agreement to abate the business’s local taxes; and the business must enter a qualified collaborative agreement with other tool and die operations.

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