Michigan rises to top ten state to do business in

November 12, 2015

Since taking office in January 2011, Governor Snyder has worked to create a more job-friendly environment in Michigan, and we’re seeing the results.

Earlier this week, the Pollina Corporation named Michigan one of the top ten states to do business in and the Most Improved State of the Year for 2015.

 “These two awards reflect political leadership that is willing to make bold and significant changes,” said Brent Pollina, president of Illinois-based Pollina Corporate Real Estate and author of the study. “Michigan is now transforming into a prime example of how to turn a state’s economy and economic fortunes around.”

The Pollina Corporate/AEDI study examined 22 factors in a range of categories including taxes, labor and incentives in formulating its rankings. Michigan received the highest overall grade of “A,” and specifically, was given an “A” for corporate tax, right-to-work legislation, sales-and-gross receipt tax and average teacher compensation. The state received a grade of “B” for individual income tax, regulatory environment, workers compensation, crime rate and long-term budget planning.

“This national recognition reflects our shared success for the significant economic improvements over the last several years,” said Michigan Economic Development Corporation Executive Vice President and Chief Operating Officer Jennifer Nelson. “These positive and impactful changes are the result of productive collaboration with the legislature, strong relationships with our regional economic development partners, and dynamic connections with the resilient and growing Michigan business community.”

Notable achievements in creating a business-friendly climate over the past five years include elimination of Michigan Business Tax, building the state’s rainy day fund, elimination of state’s structural deficit and reduction of nearly 2,000 unnecessary regulations.

Over the last five years, with a more job-friendly environment, Michigan has created more than 400,000 private sector jobs, the most in the Midwest and the fifth most in the nation.  The state’s unemployment rate has also fallen below the national average for the first time in 15 years.

Read the entire story at www.Pollina.com.

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To learn more about Michigan’s comeback, ‘LIKE’ Governor Snyder on Facebook and ‘FOLLOW’ him on Twitter.  Continue to visit www.mi.gov/Snyder for more updates on the Comeback State.