11. Michigan

A resurgent auto industry makes the Wolverine State a leader in technology, but still an affordable place to live.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 313 13 29
Infrastructure 186 19 27
Cost of Doing Business 193 24 (Tie) 12
Economy 203 9 7
Quality of Life 134 33 32 (Tie)
Technology & Innovation 161 9 6
Education 113 23 19
Business Friendliness 78 25 30 (Tie)
Access to Capital 68 17 4
Cost of Living 48 3 10
Overall 1497 11 7

Economic Profile

Governor: Rick Snyder, Republican

Population: 9,928,300

GDP growth (Q4 2016): 2.1 percent

Unemployment rate (May 2017): 4.2 percent

Top corporate tax rate: 6.0 percent

Top individual income tax rate: 4.25 percent

Gasoline tax: 40.94 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa1, AA- stable

Major private employers: Ford Motor Co., The Dow Chemical Company

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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