CEO Guide to Site Selection

Michigan

GROWING IN THE GREAT LAKES

Many may wonder what growth in the electric vehicle industry means for legacy states whose economic history and infrastructure are tied up in gas vehicles. If Michigan is any indicator, factors and workers will transition to the EV industry just fine. Automakers like GM and Ford have announced several major projects in the state in recent years to support battery or electric vehicle production.

“I am proud that Republicans and Democrats worked across the aisle to build up our economic development tool kit and empowered Michigan to compete for every project and every job. Together, we will continue winning investments in this space and become the preeminent destination for electric vehicle and mobility companies. We will work with anyone and compete with everyone to keep bringing supply chains of batteries, chips and electric vehicles home to Michigan.”
Gretchen Whitmer
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Michigan Business Development Program (MBDP): Provides performance-based grants, loans or other economic assistance to businesses for highly competitive projects that create jobs or provide investment in the state.

State of Michigan Critical Industry Program (CIP): A performance-based grant developed to provide near term support for highly competitive projects that result in significant job creation and investment; the program will include flexible milestones structured to meet the project needs.

Strategic Site Readiness Program (SSRP): Provides financial incentives to eligible applicants to conduct eligible activities on, or related to, strategic sites and mega-strategic sites in Michigan, for the purpose of creating investment-ready sites used to attract and promote investment in Michigan.

EDCs

Michigan Economic Development Corporation
michiganbusiness.org

Detroit Economic Growth Corporation
degc.org

Detroit Regional Chamber
detroitchamber.com/

Grand Rapids Economic Development
rightplace.org

Lansing Economic Development Corporation
lansingmi.gov/355/Lansing-Economic-Development-Corporation

HIGHLIGHTED PROGRAM OR INITIATIVE

MEDC recently convened a Talent Action Team to launch the first focused effort to support the talent transition in the EV and mobility sectors. The team’s goal is to train thousands of workers in the first year by delivering professional development programs that engage workers in improving their skills and competencies in line with in-demand roles.

BIG DEALS

  • General Motors announced in January 2022 a $7 billion plant that will create 4,000 new jobs.
  • LG Energy Solution announced in March 2022 a $1.7 billion investment and 1,200 new jobs in Holland.
  • Ford announced in June 2022 a $2 billion investment and 3,200 new jobs across the state to support EV manufacturing growth.
  • Hemlock Semiconductor announced in September 2022 a $375 million capital investment and 170 new jobs in Thomas Township.
  • Battery company Gotion announced in October 2022 a $2.36 billion investment and 2,350 jobs at a battery component manufacturing facility in Big Rapids.
  • Our Next Energy announced in October 2022 a $1.6 billion investment and more than 2,100 new jobs at its manufacturing campus in Wayne County.

BIG COMPANIES

19 Fortune 500 companies headquartered in the state, including:

  • Fort Motor Company
  • General Motors
  • Dow
  • Penske Automotive Group
  • Lear
  • Whirlpool
  • DTE Energy
  • Stryker
  • BorgWarner
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.