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Renaissance Zone
What is a
Renaissance Zone?
A Renaissance
Zone is a region designated by the state to be TAX FREE for any
business or resident currently in or moving into these regions. The
zones are designed to encourage new jobs and investment in the
Howard City area.
What is meant
by TAX FREE?
By law,
Renaissance Zones fully waive these state and local taxes until the
year 2009 and partially until 2012!
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Michigan
Single Business Tax
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Michigan
Personal Income Tax
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Local
Personal Property Tax
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Local Real
Property Tax
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Local Income
Tax
What does
that mean to you?
No catch! Over
150 acres of undeveloped tax free land available for improvement.
The Howard City area is particularly interested in encouraging
value-added agribusiness enterprises as well as general
manufacturing. However, there are also opportunities for commercial
and service enterprises. We want your business! We are willing to
prove to you there are significant personal and business reasons to
live in the Howard City/Montcalm County Area.
Why Invest in
Howard City Area?
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Large
available regional labor pool
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Custom and
technical training capacity
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Experienced
development assistance program
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Excellent
quality of life
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Close-knit
communities
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Diverse
recreational opportunities
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Public lake
access
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Strong
health care systems
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Quality
school systems
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Affordable
housing
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Rural cost
of living
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Commuting
distance from Grand Rapids, Lansing and Big Rapids
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Access to main freeways and highways: U.S. 131 and M-66
north/south, and M-57 and M-46 east/west
Renaissance
Zone Specifics
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Over 120 acres
of industrial/commercial development space available.
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Utilities:
Municipal sewer and water are available as is natural gas, and
electricity from either of two suppliers. Completed infrastructure
to support the zone include a new 300,000 gallon water tower and an
additional 750 GPM water well.
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Howard City
Renaissance Zone is located for easy access to almost all major
population centers in the state of Michigan by 4 lane, limited
access highways. Zone is located within 4 miles of two interchanges
to US131. It is also only 3 miles from M-46 which is the major
east-west truck route in the central part of Michigan.
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Employment:
Labor Market provides opportunity to hire quality employees.
Assistance can and will be provided by MI Works and the Montcalm
Alliance to insure that employee requirements are met. Special
training assistance can be provided by Montcalm Community College
with a facility located within the zone.
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Tax advantages:
No taxes other than School bonded building debt at 5.45 mill until
year 2009 then phased in for next three years at 25%, 50% and 75%.
These savings are significant.
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Pricing will be
negotiated with property owner. All properties are privately held.
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Environmental documentation is clean. There are no wetlands in
the area and it is not located in a floodplain.
Where can I obtain more information?
For more information
please contact Franz Mogdis, Director of the Montcalm Alliance at
(231)-937-5261.
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