Michigan's Renaissance Zones: Eliminating Taxes to Attract Investment and Jobs in Distressed Communities

Gary Sands
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Gary Sands: Department of Geography and Urban Planning, 225 State Hall, Wayne State University, Detroit, MI 48202, USA

Environment and Planning C, 2003, vol. 21, issue 5, 719-734

Abstract: The Michigan Renaissance Zone initiative provides a virtual total exemption from state and local property and income taxes both for businesses and for residents of limited areas of distressed communities. During its first three years, the program has been successful in attracting investment of US$367 million and claims responsibility for some 3750 jobs. Whereas some of the designated areas have experienced significant gains, for others the radical reductions in tax liability have provided insufficient incentives to attract new activity.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envirc:v:21:y:2003:i:5:p:719-734

DOI: 10.1068/c0241

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