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Economic Resource Guide
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Businesses Developments in Troy
Looking to Relocate In Troy?
Troy’s Economic Development Department is here to assist in the site selection process.
Using various development resources, staff can assist in preparing a list of potential industrial, office and commercial locations that meet your needs for a facility. Staff can arrange for tours of the facilities and make introductions to the brokers representing the properties. If necessary, confidentiality of the project can be provided until the necessary time. Businesses can also take advantage of business development support services, including zoning and ordinance orientation, financing, business planning, and incentives. If you would like to discuss your business’ plans for growth in Troy, please call 248.524.3375.
CITY OF TROY P.A. 198 INDUSTRIAL FACILITIES TAX EXEMPTION (TAX ABATEMENT) GUIDELINES
A company that is in the planning phase of a major business attraction or expansion project that will include a capital investment in real and/or personal property may be eligible for a P.A. 198 Industrial Facilities Tax Exemption (tax abatement). Established by the State of Michigan, P.A. 198 tax exemptions allow companies to receive approximately a 50% reduction in their anticipated new real or personal property tax liability. Troy City Council has adopted the following criteria to establish eligible applications for consideration of a real and/or personal property tax abatement.
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