Troy is a prime location for businesses like yours. Home to 7 million square feet of retail space, 21 million square feet of office and engineering space and 16 million square feet of manufacturing space, Troy’s business environment is progressive and diverse with a solid mix of major corporations and small local businesses. Troy is an internationally recognized business center in a variety of sectors including Technology, Research & Development, Engineering, Advanced Manufacturing, Financial Services and Health Care. Nerd Wallet named Troy the 4th best small city in the U.S. to start a business.
Come see what Troy has to offer. The welcome mat is out.
New Business Checklist
- Economic Development Strategy Report
- Testimonials from Troy Businesses
- Troy is a Great Place to Start or Grow Your Business
- Troy Community Profile/Demographics
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).
Grow Your Business Here
As your business continues to strategize, look to the City, its programs and resource partners to help expand your business to new heights. The City of Troy, in collaboration with our public and private sector partners, is focused on helping your business grow. Through an economic gardening approach, Troy's economic development staff assists our local companies by identifying specific business needs and providing the information, infrastructure, and connectivity necessary to address those needs.
Troy’s economic gardening initiative provides assistance to all growing Troy companies, particularly those considered “second stage” (generally between 6 and 99 employees and $750,000 to $50M in annual revenue). Through our partnership network, a wide range of assistance is provided to help Troy companies grow. Assistance is available in areas such as business development, market analysis, Geographic Information Systems (GIS), publicity, financing, talent recruitment, training, site selection, utility issues, building permits and inspections, planning, zoning and other areas.
On this page you will find links to a Business Interest Form, which you may use to request assistance for your specific business needs, along with a list of partners that provide business resources. In addition, check out the business connection tool available through Insyght and connect your business to interns through the Intern in Michigan program.
By leveraging Troy's unique community assets, partnerships and available tools to promote business growth, the City is creating an environment for investment.
Economic Gardening Program: designed to provide significant, sophisticated technical research assistance to qualified second-stage companies with the intent and capacity to grow their business.
Business Interest Form
Community Partners & Local Government Resources
The City of Troy has partnered with Intern in Michigan, a free internship resource that connects businesses and organizations with qualified student interns, based on skills and interests.
Visit Intern in Michigan to get matched, or view this short video to learn more about the matching technology.