Promote:
Invest in Michigan
A short guide for companies expanding into Michigan: the economy at a glance, the rules and steps to set up, and who can help, each with its source.
1. Michigan at a glance
Population
10.1 million
The population was 10,127,884 as of July 1, 2025.
Source: Census Bureau, state population estimates, July 1, 2025 (opens in a new tab) · as of 2025
GDP
US$733.9 billion
GDP was US$733,887.1 million in 2025, in current dollars.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
GDP per person
US$72,462
GDP per person was US$72,462.0 in 2025, in current dollars, computed from BEA's GDP and the Census Bureau's population estimate.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
Real GDP growth
2.2%
Real GDP growth was 2.2 percent in 2025, BEA's published percent change.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
Currency and inflation: see the United States at a glance
2. Before you set up
The body that handles foreign investment and the zones, as the guide found them.
SelectUSA names the Michigan Economic Development Corporation as the state economic development organization for Michigan.
Source: International Trade Administration, SelectUSA state offices, 2026 (opens in a new tab) · as of November 3, 2026
The Foreign-Trade Zones Board's 2024 annual report lists 7 foreign-trade zones in Michigan.
Source: Foreign-Trade Zones Board, 2024 annual report, Appendix D (opens in a new tab) · as of 2024
This guide does not cover the activities reserved for nationals. Before you apply, ask the body named above that handles foreign investment which activities are reserved.
Investment rules across the United States: see Invest in the United States
3. Steps to set up
The main steps, in order, each with the body responsible and its official page.
Setting up in Michigan
- Ask the Corporations, Securities and Commercial Licensing Bureau of the Department of Licensing and Regulatory Affairs how to register the company in Michigan before you start trading there.Department of Licensing and Regulatory AffairsOfficial page (opens in a new tab)
Source: Senate Fiscal Agency, licensing department budget highlights, 2026-27 (opens in a new tab) · as of July 21, 2026
- Register with the Department of Treasury for state taxes, including corporate income tax for a corporation, and ask whether your city's income tax is collected through Treasury.Department of TreasuryOfficial page (opens in a new tab)
Source: Senate Fiscal Agency, Treasury department overview, February 2026 (opens in a new tab) · as of February 26, 2026
- Register as an employer with the Unemployment Insurance Agency, part of the state's labor and economic development department (LEO), before you hire.Department of Labor and Economic OpportunityOfficial page (opens in a new tab)
Source: Senate Fiscal Agency, labor and economic department overview, February 2026 (opens in a new tab) · as of February 26, 2026
- If the company is a bank, insurer or lender, ask the Department of Insurance and Financial Services how it is licensed in Michigan.Department of Insurance and Financial ServicesOfficial page (opens in a new tab)
Source: Senate Fiscal Agency, insurance department overview, February 2026 (opens in a new tab) · as of February 26, 2026
Show 1 more set-up step
- Ask the Michigan Economic Development Corporation about sites and incentives, or The Right Place if you are choosing Greater Grand Rapids, before you pick a location.Michigan Economic Development CorporationOfficial page (opens in a new tab)
Source: Senate Fiscal Agency, labor and economic department overview, February 2026 (opens in a new tab) · as of February 26, 2026
Steps that apply across the United States: see Invest in the United States
4. Organizations that help investors
Start with LARA. Each card links to the organization’s own site.
Each card says what it can help with:Get adviceFind financeMeet requirementsResearch markets
Investment and business setup
- Meet requirements
State licensing and regulatory department
LARA
Department of Licensing and Regulatory Affairs
Houses the Corporations, Securities and Commercial Licensing Bureau and the Public Service Commission.
- Meet requirements
State labor and economy department
LEO
Department of Labor and Economic Opportunity
Oversees the Michigan Strategic Fund, workforce programs and the Unemployment Insurance Agency, where employers register for unemployment insurance.
Visit LEO (opens in a new tab)Source: Senate Fiscal Agency, labor and economic department overview, February 2026 (opens in a new tab) · as of February 26, 2026
Show 1 more organization
- Get advice
Regional economic development organization
The Right Place
Runs an International Landing Zone program that helps companies entering Greater Grand Rapids with incorporation, licenses, sites and incentives.
Visit The Right Place (opens in a new tab)Source: The Right Place, International Landing Zone page, 2026 (opens in a new tab) · as of November 3, 2026
Customs and tax
- Meet requirements
State tax authority
Treasury
Department of Treasury
Administers state tax policy and collection, and runs city income tax collection for cities that join its program.
Visit Treasury (opens in a new tab)Source: Senate Fiscal Agency, Treasury department overview, February 2026 (opens in a new tab) · as of February 26, 2026
Port district
Port of Monroe
Michigan's only port district, on Lake Erie, handling bulk and project cargo with direct rail and interstate access.
Visit Port of Monroe (opens in a new tab)Source: Port of Monroe, about the port, 2026 (opens in a new tab) · as of November 3, 2026
Chambers and industry associations
- Get advice
State chamber of commerce
Michigan Chamber
Michigan Chamber of Commerce
Issues certificates of origin through its online CertifyMichigan portal and speaks for Michigan employers in the legislature.
Visit Michigan Chamber (opens in a new tab)Source: Michigan Chamber of Commerce, certificates of origin page (opens in a new tab) · as of November 3, 2026
- Get advice
Regional chamber of commerce
Grand Rapids Chamber
Processes certificates of origin online for exporters and offers business resources and networking.
Visit Grand Rapids Chamber (opens in a new tab)Source: Grand Rapids Chamber, certificates of origin page (opens in a new tab) · as of November 3, 2026
Show 1 more organization
- Get advice
State manufacturers' association
MMA
Michigan Manufacturers Association
Speaks for Michigan manufacturers on state policy and offers members training, networking and cost-saving services.
Visit MMA (opens in a new tab)Source: Michigan Manufacturers Association, about page, 2026 (opens in a new tab) · as of November 3, 2026
5. Worth knowing
Business tax rates
The Senate Fiscal Agency's December 2025 table lists corporate income tax at 6.0 percent, sales and use taxes at 6.0 percent and individual income tax at 4.25 percent.
What to do: Confirm your entity's treatment and current rates with the Department of Treasury before you model costs.
Sources: Senate Fiscal Agency, state budget overview, December 2025 (opens in a new tab); Senate Fiscal Agency, economic outlook and budget review, May 2026 (opens in a new tab) · as of November 3, 2026
Incentive fund balances
Public Act 24 of 2025 removed SOAR's 2024-25 earmark, and the Senate Fiscal Agency's May 2026 outlook moves all remaining SOAR balances, US$651.9 million, to the general fund in 2025-26.
What to do: Ask the Economic Development Corporation whether incentive money is still available for your project before you rely on it.
Sources: Senate Fiscal Agency, economic outlook and budget review, May 2026 (opens in a new tab); Senate Fiscal Agency, state budget overview, December 2025 (opens in a new tab) · as of November 3, 2026
Labor force outlook
The Senate Fiscal Agency expects about 9,000 more residents to reach retirement age each year than working age over 20 years, shrinking the labor force.
What to do: Check labor supply in your target county before you commit to hiring targets.
Source: Senate Fiscal Agency, economic outlook and budget review, May 2026 (opens in a new tab) · as of November 3, 2026
Across the United States: see Worth knowing in Invest in the United States
6. How Promote:Global helps
- Compare the United States with other countriesSet the United States beside other countries on investment momentum, fundamentals and trade access, before site, tax and legal work.
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- Organize your next stepsKeep each product and market in a project, with a roadmap of steps you work through.
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Promote:Michigan is an independent guide by Promote:Global, not an official government portal. The organizations named here are independent public and membership bodies, not Promote:Global partners, and every link goes to their own site.
Facts read from public sources, with an editorial cut-off of November 3, 2026. Nothing here is investment, legal, tax or sanctions advice. Check current status with the organization before you rely on it.