The City's vision and/or goal for economic development is to:
- Enhance the tax base of the City of Wyoming
- Encourage development and redevelopment for increased economic vitality of the industrial districts
- Create and retain industrial employment in the City of Wyoming
- Assist in the rehabilitation of older facilities and/or expansion of existing industrial facilities
- Reduce property taxes as an obstacle to development of problem parcels of industrial real estate
- Enhance attractiveness of our community
From a policy perspective, economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.
Our economic development team promotes the City to economically-sound business/industrial facility owners and developers, administers economic development incentive programs and prepares cases for the Economic Development Corporation (EDC) and the Brownfield Redevelopment Authority.
Select Act 198 – Industrial Facilities Tax (IFT) for information specific to the Tax Abatement process.
Act 198 Tax Abatement
The Wyoming Economic Development Corporation (EDC) is pleased to entertain your request for real and personal property tax abatement for your project. The process is somewhat complex and time-consuming, but you will find the tax advantages worth the effort.
The following information will guide you through the tax abatement process. In addition to the completed forms indicated below, a simple request letter (via email) and five company brochures must be submitted. You will be contacted by the Deputy City Manager for City Council meeting date(s) for your application. A representative of the company must attend the meeting(s). We look forward to working with you and your employees to help expand your business. Please contact our Economic Development Coordinator with any questions or additional information.
- General Information Record
Select Industrial Tax Exemption Applicant form for general information required.
- Instructions & Application for a State Industrial Facilities Exemption Certificate (IFT) Select Act 198 – Industrial Facilities Tax (IFT) for data specific to the Tax Abatement process.
- Signed IFT Agreement
Select Industrial Facilities Tax Abatement agreement for business & City Council signatures.
- Executed Affidavit of True Cash Value
Select Affidavit of True Cash Value document to provide notarized Project details.
The (IFT) application check should be made payable to the ‘City of Wyoming’. Refer to the Fee Schedule (Manager’s Office) listed under the Business tab on the City’s home page for specific amount.
Specific workforce development programs geared to a manufacturer's needs are offered via the Michigan Economic Development Corporation (MEDC) and the Right Place Program.
The Michigan Economic Development Corporation supports economic development growth in the City of Wyoming and provides the following workforce development services:
Funds are available for training or retraining company employees.
We can help you find employees. Browse more than 4,000 high-tech resumes at Michigan Jobs & Career Portal, free of charge. Join with hundreds of companies already enrolled in the Michigan Recruitment Alliance, formed to facilitate recruiting of students at Michigan and Midwest colleges.
We connect you with training resources. Michigan Technical Education Centers (M-TECs), Michigan Manufacturing Technology Center (MMTC), Michigan Virtual University (MVU), all provide services to employers designed to ensure a skilled workforce.
The Right Place Program, teamed with the City of Wyoming, links small-to-medium sized manufacturers to one another, as well as to a network of state and local technical resources. These associations provide a critical link between business and education to help ensure that the workforce is trained to meet the increasing need for skilled workers. The organization has spearheaded school-to-work programs, developed continuous-learning opportunities and developed & retraining and work-to-work programs for workers in transition.
Economic Development Board Members
Tom Brann, Chair
Heidi Isakson, Secretary/Treasurer