From the Governor
“Michigan’s strong economy and talented workforce have made our state a desirable location for new investment from companies around the world….Michigan is home to one of the most intelligent, savvy and resilient workforces in the nation and we are here to deliver the message that Michigan is the premier location for global companies looking to expand and create jobs in the United States.”
Strong Growth in the Wolverine State
Michigan is riding a wave of nearly a decade of uninterrupted job growth. Despite unflattering headlines about Detroit and the demise of manufacturing, the state remains the global epicenter of the automotive industry and is serving as a home for the future of mobility innovation. Fiat Chrysler is investing $4.5 billion to expand production in the state, and Nexient, KLA Corporation and Arauco North America have all announced ground- breakings here in the past year.
Michigan Business Development Program: Offers cash grants, loans or other assistance to businesses that make qualified investments or create jobs.
Good Jobs for Michigan Program: Offers state with- holding tax capture revenues of up to 50% or 100% for 5 to 10 years to businesses that create certified new jobs in the state.
Jobs Ready Michigan Program: Offers awards for activities related to recruitment and job training for companies that are expanding or relocating to Michigan.
Michigan Community Revitalization Program: Offers performance-based grants and loans to businesses that promote community revitalization and accelerate private investment in historic properties or that reduce blight or protect natural resources.
Michigan Economic Development Corporation: michiganbusiness.org
Detroit Economic Growth Corporation: degc.org
City of Grand Rapids Economic Development: grandrapidsmi.gov/Government/Departments/ Economic-Development
The Right Place: rightplace.org/index
Lansing Economic Area Partnership: purelansing.com/About-LEAP
Highlighted Program or Initiative
Gov. Whitmer recently signed an executive order to create the new Department of Labor and Economic Opportunity, which will streamline and better coordinate efforts in state government. Programs like the MI Opportunity Scholarship and the MI Reconnect program will help the state both anticipate and fill the skills gap that exists in the talent pipeline.
- Nexient announced in March 2018 it will expand its footprint in Ann Arbor with a $4.17 million investment and the creation of more than 300 high-skill, high-wage jobs.
- KLA Corporation announced in October 2018 it will establish its newest R&D center in Ann Arbor. The $151 million project is expected to create 600 jobs.
- Waupaca Foundry announced in December 2018 it will invest up to $4.3 million in a new facility and create 61 high-paying jobs in Ironwood.
- Fiat Chrysler Automobiles announced in February 2019 it will invest $4.5 billion in the state to grow core brands, electrify Jeep vehicles and build and expand plants. The investment will create nearly 6,500 jobs.
- Arauco North America recently create 250 jobs at a
$326 million particleboard factory in Grayling.
16 Fortune 500 companies headquartered in the state, including:
Ford Motor Company
Penske Automotive Group
“Where I’ve seen the biggest change in our state, is the cohesiveness of the business community. No matter, whether you’re headquartered in Grand Rapids or Detroit or Traverse City or Marquette. We embrace now this as a state, not as different regions. Sort of the ‘One Michigan’ thought. There’s great opportunity in any part of the state.” —Dan Leopp, CEO, Blue Cross Blue Shield
“All of the innovation that’s occurring around robotics, AI, it’s happening here in Michigan… Michigan is a magnet for innovators and dreamers.” —Patti Poppe, President and CEO, Consumers Energy
“The startup culture in Michigan is, I think, like no other. Everyone here is supportive. Everyone wants to help you. Everyone wants to succeed. And so, it’s not about me, it’s about us. And the startup culture here allows people to ask questions and get answers—unlike other large cities where you have to hire large consultants.” —Daryn Kuipers, CEO, Boxed Water