The Brownfield Single Business Tax Credit, Public Act 143 2000, as amended, provides an incentive in the form of a Single Business Tax credit equal to 10 percent of the costs of eligible investment (including building, machinery and equipment) on brownfield property up to a maximum credit of $30 million. The credit is against the SBT liability of the developer. In order to qualify, both a BRA-approved Brownfield Plan and a pre-approval letter from the state are required. If the cost of the project is $10 million or less, the pre-approval letter must be issued by the Chairperson of the Michigan Economic Growth Authority (MEGA).

If the developer is seeking an SBT Credit in excess of $1 million on project costs greater than $10 million, he then must apply to Michigan Economic Growth Authority Board of Directors for pre-approval. The MEGA has the ability to award up to 15 credits per calendar year. Of the 15 credits, up to three can be credits over $10 million and no more than $30 million. While preference is given to Core Communities, the authority has the ability to award three of the credits to Non-Core Communities. MCPED should be your first contact for exploring brownfield redevelopment opportunities in Macomb County.