24. Michigan

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Category	Score	2019 Rank	2018 Rank	Grade
Workforce	244	23	10	C-
Economy	213	24	16	B-
Infrastructure	164	33	18	C
Cost of Doing Business	193	27	19	B
Quality of Life	155	31	33	D+
Education	63	43	28	D-
Technology & Innovation	129	6	3	A
Business Friendliness	98	22	25	C+
Access to Capital	53	16	15	B
Cost of Living	46	5	4	A
Overall	1358	24	11	-

Economic Profile

Governor: Gretchen Whitmer, Democrat

Population: 9,995,915

GDP growth (Q4 2018): 2.4%

Unemployment rate (May 2019): 4.2%

Top corporate tax rate: 6%

Top individual income tax rate: 4.25%

Gasoline tax: 42.86 cents/gallon

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

America's Top States for Business 2019: The full list