26. Michigan

The Great Lakes State has made solid improvements as its industries have recovered. The state is re-emerging as a leader in innovation, and offers a quality workforce.

Published 4:18 PM ET Tue, 24 June 2014 Updated 3:20 PM ET Wed, 2 July 2014 CNBC.com

Category	Score	2014 Rank	2013 Rank
Cost of Doing Business	215	31	33
Workforce	176	15	15
Quality of Life	82	45	43
Infrastructure & Transportation	207	16	25
Economy	213	28	26
Education	65	34	32
Technology & Innovation	219	14	12
Business Friendliness	83	32	32
Cost of Living	34	17	18
Access to Capital	14	23 (Tie)	23
Overall	1308	26	29

Economic Profile

Governor: Rick Snyder, Republican

Population: 9,895,622

GDP growth: 2.0 percent

Unemployment rate (May 2014): 7.4 percent

Top corporate tax rate: 6 percent

Top individual income tax rate: 4.25 percent

Gasoline tax: 60 cents/gallon

Bond rating/outlook: Aa2/positive

Major private employer: Spectrum Health Systems

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Crain's Detroit Business

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