#29 Michigan
ECONOMIC PROFILE
Governor: Richard Snyder (R)
Population: 9,883,360
GDP growth: 2.2 percent
Unemployment rate (May 2013): 8.4 percent
Top corporate rate: 6 percent
Top individual tax rate: 4.25 percent of federal adjusted gross income with modificiation
Gasoline tax: 40.9 cents/gallon
Bond rating/outlook: Aa2/Positive
Major private employers: University of Michigan, Detroit Receiving Hospital, Blodgett Hospital, Beaumont Hospital, Delphi Thermal Systems, Henry Ford Health System,, Sparrow Health System, Pfizer Animal Health, Access Business Group, Amway Products, General Motors
Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)
