WITH ALL OUR RESOURCES, YOU'LL FIND SUCCESS IN LAPEER COUNTY
The Lapeer County Development Corporation provides you numerous and varied resources, including vital information on lapeer taxes, 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.
TRANSPORTATION
When considering your financial obligations, understanding Lapeer taxes is essential for effective budgeting. Staying informed about Lapeer taxes can help you avoid unexpected expenses and ensure compliance with local regulations.
UTILITIES
When considering your financial obligations, understanding Lapeer taxes is essential for effective budgeting. Staying informed about Lapeer taxes can help you avoid unexpected expenses and ensure compliance with local regulations.
FINANCIAL INSTITUTIONS
When considering your financial obligations, understanding Lapeer taxes is essential for effective budgeting. Staying informed about Lapeer taxes can help you avoid unexpected expenses and ensure compliance with local regulations.
TAXES
When considering your financial obligations, understanding Lapeer taxes is essential for effective budgeting. Staying informed about Lapeer taxes can help you avoid unexpected expenses and ensure compliance with local regulations.
INCUBATORS
INCUBATORS
INCUBATORS
When considering your financial obligations, understanding Lapeer taxes is essential for effective budgeting. Staying informed about Lapeer taxes can help you avoid unexpected expenses and ensure compliance with local regulations.
WE OFFER BUSINESS SERVICES & SUPPORT
The Lapeer Development Corporation (LDC) provides various options for enhancing your business operations, aiding your growth in Lapeer County while navigating lapeer taxes effectively.
Click here for the LDC Business Services brochure.
EDC Small Business Cohort: This program offers intense coaching and mentoring, hub resources, connections, and $7,000 in professional services. Limited spots are available.
Consultation Education and Training (CET) Services: The Michigan Economic Development Corporation (MEDC) provides free customized assistance to companies aiming to develop or improve their workplace safety and health management systems. This service resembles a MIOSHA compliance inspection but comes without citations or penalties.
Export Assistance: The LDC collaborates with the Michigan Economic Development Corporation (MEDC) and the U.S. Department of Commerce to ensure you have access to experienced specialists who can assist your business in buying and selling goods and services internationally. The MEDC also offers grant funding through the State Trade Export Program. More info available.
Financial Analysis: The LDC can address your inquiries regarding accounting practices, cash flow issues, and the information necessary for securing a commercial loan, which can also help in understanding lapeer taxes related to your business.
Government Procurement Assistance: Partnering with the Procurement Technical Assistance Center (PTAC), the LDC provides support to businesses interested in selling goods and services to local, state, and federal governments. You can learn how to get on the appropriate lists, bid effectively, and manage government contracts.
Manufacturing Wage & Benefit Survey: The LDC participates in a county and regional survey of local manufacturing companies to assess aggregate wage and benefit levels. Businesses that take part receive a complimentary copy of the report.
Michigan Business Ombudsman: The Michigan Business Ombudsman office offers impartial and confidential assistance in investigating complaints against state agencies. They also provide guidance through the regulatory process and help connect you with state government resources.
Michigan Manufacturing Technology Center (MMTC): The MMTC offers innovative training and consulting services tailored for small to midsize manufacturers, focusing on areas such as lean manufacturing, continuous improvement, quality systems, management, and market diversification.
Michigan Retired Engineer Technical Assistance Program (RETAP): Retired professionals provide free, non-regulatory pollution prevention assistance to your company, aiming to identify ways to reduce energy costs. Low-interest loans are also available for improvements based on RETAP recommendations. Click here for more information.
Performance Benchmarking: The Michigan Manufacturing Technology Center (MMTC) provides a service that identifies key characteristics of your business operations, compares you with competitors in-state and out-of-state, offers support to resolve deficiencies, and meets various certification requirements. This service typically costs $795, but it is free for LDC members.
Pure Michigan Business Connect: This program connects people with resources, including customized market research, executive and professional talent search assistance, and training support.
Regional Demographic & Economic Data: The LDC can prepare tailored reports on demographic, economic, and other pertinent local data.
Small Business Counseling: The LDC offers small business counseling to support new ventures and existing small firms. We can help answer your questions about financing, licensing, taxation, human resources, selling, accounting, business planning, and developing a marketing strategy, including navigating lapeer taxes.
Workforce Hiring and Training: The LDC collaborates with local workforce assistance providers. GST Michigan Works can assist you in hiring and training personnel to meet your operational needs.
WE OFFER MANY INCENTIVES & ASSISTANCE
Check out these great incentives
Capital Access Program (CAP): Administered for the Michigan Strategic Fund (MSF) by the Michigan Economic Development Corporation (MEDC), this innovative program assists businesses with capital needs. The CAP utilizes small amounts of public resources to generate private bank financing, providing small Michigan businesses access to capital that might not otherwise be available. For those in Lapeer, understanding how these resources interact with local regulations, including Lapeer taxes, is crucial. More info
Equity Capital Financing: The LDC can collaborate with the Michigan Economic Development Corporation (MEDC) to identify and secure appropriate funds (angel, mezzanine, and venture) to start or expand your business.
Foreign Trade Zones: These zones help U.S. companies compete in the global marketplace by eliminating, deferring, or reducing duties, and potentially, other costs.
Michigan Business Development Program: Designed to provide grants, loans, or other economic assistance to businesses for highly competitive projects in Michigan that create jobs and/or provide investment.
Michigan Collateral Support Program: This program provides cash collateral accounts to lending institutions to enhance the collateral coverage of borrowers, which can support up to 49.9% of a new commercial extension of credit up to $5 million.
Michigan Department of Transportation (MDOT) Economic Development Road Projects: Provides funding for transportation projects to support private initiatives that create or retain jobs. More info
Michigan Emerging Technologies Fund (ETF): Designed to expand funding opportunities for Michigan technology-based companies in the federal innovation research and development arena. More info
Michigan Loan Participation Program: Participates with lenders to finance expansion and diversification projects by purchasing a portion of a loan from a lender and offering a grace period for principal and interest repayments for up to 36 months.
Private Activity Bonds: Tax-exempt private activity bonds are available through a local Economic Development Corporation or the Michigan Strategic Fund to acquire land, buildings, and equipment related to the manufacturing process. Up to $10 million in bonds can be secured, with interest rates typically 75-85% of prime. Eligible sectors include manufacturing, non-profit projects, and waste facilities.
The LDC manages or assists with the following Revolving Loan Funds:
I-69 Regional Development Corporation Revolving Loan Fund: This fund offers small businesses financing of up to $500,000 for fixed asset or working capital in cooperation with the lending community. The interest rate and term are flexible depending on the financing request. More info
I-69 Regional Development Corporation USDA Revolving Loan Fund: The fund is tailored to fit prospective expansion of an existing or new business for fixed assets or working capital, with flexible loan amounts, terms, and interest rates.
Imlay City Façade Loan Fund: Loans are available for façade improvements in the City of Imlay City’s downtown and commercial areas, with amounts up to $40,000 at 4% for up to 10 years.
Lapeer Main Street Façade Loan Fund: Loans are available for façade improvements in the Lapeer Downtown Development Authority district, with amounts up to $20,000 at 3% for up to 5 years. Understanding the implications of Lapeer taxes can help businesses make informed decisions about these improvements.
City of Lapeer TIFA Revolving Loan Fund: Loans are available for up to $100,000 at a rate of 2% below New York Prime, with a minimum rate of 4%. The loan terms range from 36 months for working capital to up to ten years for real estate.
Small Business Administration (SBA) Loans: The SBA offers numerous loan opportunities to assist in business development, including guarantees for commercial loans and second position loans used to secure financing for up to 90% of the project cost. The LDC can help determine which SBA loan is the best fit for your project.
USDA Rural Development Grants and Loans: The US Department of Agriculture (USDA) has several grant and loan programs available to foster business development. The LDC can assist in determining eligibility.
TRANSPORTATION
Lapeer County is strategically located within 500 miles of one third of the U.S. population and is less than one hour from Ontario, Canada's largest province, making it an ideal location for both business and leisure. When considering Lapeer taxes, potential residents and businesses find it appealing due to its accessibility and economic advantages.
Highways
Interstate I-69, Lapeer County's main east-west freeway, plays a crucial role in connecting both Canadian and Midwest markets. It begins at the U.S.-Canadian border, less than one hour from Lapeer County, facilitating efficient transportation. The freeway connects Imlay City, the City of Lapeer, and continues westward, passing near Flint Bishop International Airport. I-69 integrates with Michigan's transportation network 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, which intersect with I-69 and pass through major metropolitan areas.
Driving Distance and Times to Selected Locations
Destination/Distance in miles Drive time 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
Air
Dupont-Lapeer Airport is a general aviation airport offering public use facilities in Lapeer County. Additionally, Bishop International Airport, located in neighboring Genesee County, is served by various passenger and cargo carriers, enhancing travel options for residents and businesses.
Rail
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, with lines branching east to Toronto and southwest to Chicago, eventually crossing into Mexico. Furthermore, the Lapeer Historical Railroad, a short line service, offers additional access to several industrial properties in the region.
Amtrak provides frequent daily departures between Chicago and key cities in the five-state Midwest area, with an Amtrak passenger station located in the City of Lapeer, facilitating travel from Toronto, Ontario, to Chicago, IL.
UTILITIES
Energy Quick Facts
In 2013, Michigan had more underground natural gas storage capacity - 1.1 trillion cubic feet - than any other state in the nation. The Antrim Gas Field, located in Michigan's Lower Peninsula, is among the nation's top 100 natural gas fields and produced an estimated 108 billion cubic feet of natural gas in 2012. In 2014, Michigan’s three nuclear power plants, with four reactor units, provided 30% of the state's net electricity generation. Michigan used coal for 50% of its net electricity generation in 2014, with much of Michigan's coal transported by rail from Wyoming and Montana. Notably, much of Michigan’s biomass energy is derived from the state's nearly 19 million acres of forest land, with biomass fueling 35% of Michigan's renewable net electricity generation in 2014. Due to the cooler climate in Michigan compared to other regions of the United States, space heating accounts for a larger share of energy use in homes (55%) versus the U.S. average (41%), while air conditioning contributes only 1 percent of energy use, according to the EIA's Residential Energy Consumption Survey.
Last Updated: March 19, 2015
Source: U.S. Energy Information Administration and CMS Energy
Utility Contacts
DTE Energy generates, transmits, and distributes electricity to 2.1 million customers in southeastern Michigan, including areas affected by Lapeer taxes. With an 11,084 megawatt system capacity, the company utilizes 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 regarding costs associated with connection to the system and availability of electricity. In the interest of homeland security, DTE Energy does not share specific locations or capacities of existing infrastructures.
DTE Energy
313-204-8005
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 processes require site-specific analysis based on projected load requirements. As a matter of policy, the utility does not share specific locations or capacities of existing infrastructure in the interest of homeland security.
Consumers Energy
Commercial and Industrial Inquiries
1-800-805-0490 or businesscenter@consumersenergy.com
Residential Inquiries
1-800-477-5050 or customer@cnsenergy.com
THANK YOU FOR VISITING THE LDC WEBSITE
For questions and assistance regarding Lapeer taxes, please contact LDC Director Sam Moore at the following address: 449 McCormick Drive, Lapeer, Michigan 48446. You can reach him by phone at 810.667.0080 or via email at Sam@lapeerdevelopment.com.
