#40 Michigan
#32 in Taxation and Regulation
#39 in Workforce Quality
#40 in Living Environment
Right to Work? ✓
Regional Profile – Midwest
| Illinois | ||||
| Indiana | ||||
| Iowa | ||||
| Kansas | ||||
| Michigan | ||||
| Minnesota | ||||
| Missouri | ||||
| Nebraska | ||||
| North Dakota | ||||
| Ohio | ||||
| South Dakota | ||||
| Wisconsin |
Key Industries
Advanced Manufacturing, Automotive, Defense, Food Processing, I.T., Logistics, Medical Devices
Key Companies
Con-Way
Domino’s Pizza Inc.
Dow Chemical
Ford Motor
General Motors
Kellogg
Kelly Services
Stryker
Whirlpool
Advantages
Michigan’s corporate incentives provide immediate benefit. The low 6% corporate income tax and the elimination of the industrial personal property tax makes Michigan one of the best pro-business environments.
The Pure Michigan marketing campaign successfully convinced out-of-state visitors to make 4.6 billion trips to Michigan and to spend $1.4 billion while there.
Challenges
Aging waterway locks, if not repaired and updated, could result in a shutdown that would drive the loss of $1.1 trillion in revenue and hundreds of jobs.
Key Contacts
Economic Development Corporation
Steve Arwood, CEO
517-241-1400
300 N. Washington Sq.,
Lansing, MI 48913
arwoods1@michigan.org
http://www.michiganbusiness.org/#home-intro
CEO Comments
“Michigan has done more to improve the climate for business in the last few years than any other state in the nation.”
Current Developments
2015 Regional Report: The Midwest
November 13, 2015
States Leading the Crowdfunding Surge
May 8, 2014
Lessons From China: How Rolling With a Regulatory Setback Turned Into a Win-Win for Amway’s Steve Van Andel
March 24, 2015
Andrew Liveris’s Winning Formula
March 5, 2015