Tax incentive package for Aerotropolis could create up to 50,000 jobs

The development of Metro Detroit's Aerotropolis concept took a big step forward last week when the state Senate passed a package of bills providing tax incentives that should help the development and business attraction around Metro Airport.

"This legislation will put Michigan ahead of every other state when it comes to attracting logistics and air travel-like businesses," says Michael McGee, principal at Miller Canfield. "Michigan will be able to compete for logistics businesses around the world."

Miller Canfield, on behalf of Wayne County, helped craft the legislation called the Next Michigan Development initiative. The new laws allow for the creation of five Next Michigan corporations, which can utilize a variety of property and other tax abatements to attract businesses and tax increment financing to spur new development. The Aerotropolis Development Corp is the first of these five Next Michigan corps.

The Aerotropolis initiative covers approximately 60,000 acres in Wayne and Washtenaw counties around Metro Airport. The plan is to create as many as 50,000 jobs over the next 15 years. Metro Airport is on of southeast Michigan's primary economic engines, providing a major hub for air travel and shipping around the world.

Source: Michael McGee, principal at Miller Canfield
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

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Tax incentive package for Aerotropolis could create up to 50,000 jobs

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