WITH ALL OF OUR RESOURCES,
YOU WILL FIND SUCCESS IN LAPEER COUNTY!
Free of charge, the Lapeer County Development Corporation provides you numerous and varied resources! Information on financing, licensing, taxation, human resource issues, selling, accounting, business planning, developing a market strategy, and so much more. See below.
Call LDC Director Sam Moore today for an appointment or to meet with a business counselor! Sam and his team are here for you!
The Lapeer Development Corporation (LDC) offers several options for enhancing your business operations that will assist you in growing your business in Lapeer County.
From 2018 to 2019, employment in Lapeer County, Michigan, grew at a rate of 2.22%, from 39.2k employees to 40k employees. The most common employment sectors for those who live in Lapeer County, Michigan, are Manufacturing (9,777 people), Health Care & Social Assistance (5,020 people), and Retail Trade (4,305 people).
Lapeer County is situated within 500 miles of one third of the U.S. population and is less than one hour from Ontario, Canada's largest province.
Interstate I-69, Lapeer County's main east-west freeway, provides a major transportation network to both Canadian and Midwest markets. It begins at the U.S. Canadian border, less than one hour from Lapeer County. The freeway connects Imlay City, the City of Lapeer and continues westward, passing nearby Flint Bishop International Airport. I-69 ties into Michigan's transportation system by intersecting with I-75, 20 miles east in Flint and I-94, 40 miles west in Port Huron. North-South highway transportation is provided by M-24 and M-53. Both State highways intersect with I-69 and travel through major metropolitan areas.
Driving Distance and Times to Selected Locations
Destination/Distance in miles Drive time and in hours
Detroit, MI 58 1
Sarnia, Ontario 58 1.25
Ann Arbor, MI 75 1.25
Lansing, MI 77 1.25
Toledo, OH 129 2
Toronto, ON 232 3.75
Columbus, OH 266 4.5
Chicago, IL 294 4.75
Indianapolis, IN 325 5
Cincinnati, OH 325 5
Madison, WI 438 7
Dupont-Lapeer Airport is a general aviation airport offering public use facilities in Lapeer County.
Bishop International Airport, located in neighboring Genesee County, is served by passenger and cargo carriers.
Canadian National (CN), provides freight service in Lapeer County with direct routes from Chicago to Canada. The 6,129 foot St. Clair Tunnel accommodates double stack freight cars entering Canada. The line branches east to Toronto and south-west to Chicago and beyond eventually crossing into Mexico.
Lapeer Historical Railroad, a short line service, provides additional access to several industrial properties.
Amtrak provides frequent daily departures between Chicago and key cities in the five-state midwest area. There is an Amtrak passenger station in the City of Lapeer which runs from Toronto, Ontario to Chicago, IL.
Energy Quick Facts
Last Updated: March 19, 2015
Source: U.S. Energy Information Administration and CMS Energy
DTE Energy generates, transmits and distributes electricity to 2.1 million customers in southeastern Michigan. With an 11,084 megawatt system capacity, the company uses coal, nuclear fuel, natural gas, hydroelectric pumped storage and renewable energy sources to generate its electrical output. Founded in 1903, DTE Electric is the largest electric utility in Michigan and one of the largest in the nation. Large energy users require site specific analysis based on projected load requirements for inquiries of costs associated with connection to the system and availability of electricity. DTE Energy does not share specific locations or capacities of existing infrastructures in the interest of homeland security.
Consumers Energy, the fourth largest natural gas distribution company in the nation, provides natural gas to much of Lapeer County. The integrated transmission and distribution facilities for the utility offer adequate natural gas for any common residential, commercial or industrial use via adjacent medium and high pressure distribution mains. Specific end-use involving large scale annealing, metal melting, industrial processed steam, or other high use process(es) require site specific analysis based on projected load requirements. The utility, as a matter of rule, does not share specific locations or capacities of existing infrastructure in the interest of homeland security.
Commercial and Industrial Inquiries
1-800-805-0490 or firstname.lastname@example.org
1-800-477-5050 or email@example.com
Michigan offers one of the best pro-business environments in the country. Michigan has been ranked one of the top 10 states for corporate tax competitiveness due to a simple, fair and efficient 6% corporate income tax and $500 million in annual business savings through the elimination of industrial property tax.
Michigan provides millions of dollars in support each year for business expansions and growth through resources, incentives and loans.
Personal Income Tax
Michigan's personal income tax rate is one of the lowest in the nation - a flat 4.25% tax rate that is scheduled to decline in the next few years.
Michigan's 2012 average non-homestead property tax rate was 49.54 mills, or $49.54 per $1,000 of assessed property, with real property subject to taxation at 50% of current market value. Industrial personal property is automatically exempt from 12 mills. Additional property tax abatements available to Michigan businesses include:
The state sales tax is 6% on sales of tangible goods. No local sales taxes are allowed.
There is no sales tax charged on: manufacturing machinery and equipment, electricity and natural gas used in production and pollution control equipment
To protect workers who lose their jobs through no fault of their own, Michigan businesses pay unemployment insurance on the first $9,500 of wages paid to each worker in a calendar year. Established employers may pay as little as 0.06%.
The unemployment insurance rate is based on the experience rating of the business, which varies depending on how many employees draw unemployment insurance benefits. The new employer rate is 2.7%. Once a business is established in Michigan, businesses experience ratings vary between 0.06% and 10.3%.
Worker's Compensation Insurance
Michigan has a competitive worker's compensation (WC) insurance system. Michigan's "open competition" system allows market forces to set the WC insurance rates, thus enabling companies to shop among nearly 250 insurance carriers for the best, lowest-cost options. Self-insurance, group self-insurance, deductible plans and other options are available, as well. With such a wide range of cost-savings opportunities, Michigan businesses can play a significant role in containing or reducing their WC costs.
Enterprise Center of Lapeer
Enterprise Center I
449 McCormick Drive, Lapeer, MI
4 - 2,000 square foot areas
Enterprise Center II
401 McCormick Drive, Lapeer, MI
5,816 square feet (816 square foot office area)
The Enterprise Center of Lapeer was established to assist start up small businesses. The incubator will help budding new entrepreneurs turn their ideas into successful businesses by providing the necessary business needs.
Flexibly Divided Manufacturing Space Government Procurement
Office Services Business Plan Assistance
Technical Assistance Job Training Grants
Marketing Assistance Business Interaction/Networking
Export Assistance Individualized Counseling
The space is available at market rates. Office services are provided on a fee basis, which include letters and reports, telephone answering, use of a copy machine and a conference room.
An entrepreneur with a new idea and who has the commitment to learn to be a successful business person should consider the Enterprise Center of Lapeer. Criteria for entry includes potential job creation, product promise, management potential and beginning financial resources.