Economic Development

The City of Novi’s Economic Development Department is committed to building a resilient, diverse, and sustainable tax base that supports long-term community vitality. Novi offers a high quality of life, with top-performing public and private schools, safe and well-maintained neighborhoods, and extensive parks and natural amenities. A balanced mix of residential, commercial, and industrial development helps maintain one of the lowest property tax rates in Michigan, positioning Novi as a competitive and business-friendly community.

The City continues to attract global investment in advanced manufacturing and technology, including a strong presence of international firms from countries including Japan, Germany, Canada, and South Korea. Companies such as HINO Motors Manufacturing, OSRAM Opto Semiconductors, Magna Seating, and HL Mando have established or expanded operations in Novi.

Businesses choosing Novi benefit from strategic location, strong infrastructure, and a collaborative, responsive local government. If you are considering an expansion or relocation, we invite you to connect with our team to learn how Novi can support your success.

For a snapshot of key community and economic indicators, view the Novi At a Glance factsheet.