Michigan GIves Tax Advantages to Its Tool and Die Makers

The state has crafted eight tax-free zones to help provide support to Michigan's tool and die industry that has lost 16,000 jobs since 1997.

State officials announced Tuesday that it selected 33 tool and die companies to receive tax-free status under its 8-year-old Renaissance Zone program, which provides tax relief for businesses and residences in a given geographic area. Most of the tool and die firms that are expected to receive relief are located in mid- and western Michigan.

More here.