Michigan gets second-largest gain among other states
CEOs moved Michigan up nine places from last year in Chief Executive magazine’s 14th annual Best & Worst States for Business survey. Released in May, Michigan landed at No. 27 on this year’s list.
Last year, Michigan created more than 47,600 new private-sector jobs, improved its competitiveness with business tax incentives like Good Jobs for Michigan and Michigan Thrive, and reduced its unemployment rate for the eighth consecutive year to the state’s lowest point since 2010.
Since 2011, Michigan has created more than 540,000 private-sector jobs.
“This new survey shows Michigan has come a long way in a short amount of time,” said Gov. Rick Snyder. “It also proves we are moving in the right direction and laying the foundation for sustainable, long-term success.”
State leaders anticipate the Marshall Plan for Talent will move the state further faster, knowing it will have more than 800,000 jobs to fill through 2024 in high-demand career fields like manufacturing and information technology.
“Michigan is not letting up, nor will it sit on the sidelines. This survey reaffirms we’re headed up the right path, but there’s still more work to be done,” Talent and Economic Development Department of Michigan Director Roger Curtis said. “Through efforts like the Marshall Plan for Talent, we will continue to push Michigan even further in the race for the best place to do business and find talent.”
Michigan’s improvement was the second-largest gain among states this year, next to Rhode Island which jumped 10 spots to No. 32.