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Business Climate

We make it easy to do business here!

Michigan means business and has created a positive climate for businesses to thrive and grow. The Michigan Turnaround Plan has driven this initiative. The Plan is a comprehensive, fact-based strategy designed to make Michigan a winner in today’s global marketplace; leveraging existing business assets to drive growth, investment and competition.

In Michigan you will find:

  • We are a Right-to-Work State
  • No  Personal Property Tax on Machinery & Equipment 
  • No Inventory Tax
  • 6% Corporate Income Tax Rate
  • 4.25% Individual Income Tax Rate-the lowest in the Midwest
  • Ranked 12th by The Tax Foundation

The Cornerstone Alliance Business Development Team is delighted to work with you to help your business succeed, grow and more in Michigan’s Great Southwest. We will identify and work to secure appropriate available local, state and other potential incentives which may be available and relevant to your project.  For information specific to your project, please contact us!