2014 Best & Worst States

Michigan is the 45th Best State for Business 2014

J.P. Donlon

May 8, 2014

Previous State: Connecticut Next State: Massachusetts

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 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

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Michigan is the 45th Best State for Business 2014

No. 45 Michigan

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