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America's Top States For Business 2011

#34 Michigan

ECONOMIC PROFILE

Top States 2011: Michigan

Category
Score
2011 Rank
2010 Rank
Cost of Doing Business 182 27 32
Workforce 126 41 41
Quality of Life 150 35 36
Infrastructure & Transportation 217 10 24
Economy 104 36 47
Education 96 34 35
Technology & Innovation 179 8 7
Business Friendliness 60 36 35
Access to Capital 40 31 18
Cost of Living 33 18 24
OVERALL 1187 34 41

Governor: Rick Snyder (R)

Population: 9,883,640

GDP (2009 per capita): $32,839

Unemployment rate (May 2011): 10.3 percent

Foreclosure rate (May 2011): One per 311 households

Budget gap (projected 2012): $1.3 billion

Corporate tax rate: 4.95 percent

Largest employers: Ford Motor, General Motors and Chrysler

Sources: US Government, RealtyTrac, Center on Budget & Policy Priorities, Federation of Tax Administrators, Alaska Department of Labor and Workforce Development

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