No. 46
Michigan
Taxation and Regulations
Workforce Quality
Living Environment
Based on CEO Survey by ChiefExecutive.net
Key Metrics |
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State GDP
Unemployment
Domestic Migration
State Government
State-Local Tax Burden
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Key Companies |
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Development Trend Indicator: Positive |
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Tax cuts and simplification bode well for future under new Gov. Snyder. |
CEO Comments |
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“California and Michigan are predatory in their approach to business.”
“Michigan is not business friendly.” “Michigan—ridiculous amount of red tape to start a business. Getting licensed as a builder, process, training, testing is so rigorous and time consuming that it’s ridiculous. Plus the penalties for not following the rules are strict.” |
Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation