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No. 45 Michigan
Taxations & Regulations
Workforce Quality
Living Environment
Key Metrics |
State GDP
- % Growth ’12-’13: 2.0
- % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.3
Unemployment
- Unemployment Rate Dec. 2013 %: 8.4
- Comparison with Nat’l Rate (6.70%): 1.7
Domestic Migration
- Domestic Net Migration 2013: -28,539
- Rank: 45
State Government
- State Debt per Capita Fiscal Year ’13 ($): 3,097
- State & Local Gov’t Employees per 10k Residents: 491
State-Local Tax Burden
- Rate (%): 9.8%
- Compared to Nat’l Avg. (9.9%): -0.02%
|
Key Companies |
- Ford Motor Company
- Dow Chemical Company
- Whirlpool
- Dominos Pizza Inc.
- Stryker
|
Development Trend Indicator: Positive |
With right to work, Gov. Snyder now goes after business personal-property taxes. |
Based on CEO Survey by ChiefExecutive.net
Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation