Talent is the first thing we’re asked about and we have it: The University of Michigan is the No. 1 ranked Public University in North America (World University Rankings, 2010-11 ), our state produces more engineers than all but two mega-states, we are one of the top four states for tech workers and are a leader in advanced manufacturing. Our economy is growing so we’re seeking even more talent through initiatives like MichAgain and Global Michigan. The MEDC has made Talent and Economic Gardening two of its main missions, one of the few states to do so.
Governor Rick Snyder’s new tax plan cuts or eliminates business taxes for most businesses with corporations paying a flat 6% tax, the most competitive in the Midwest and among the best in the nation. Already Michigan real estate and costs of living and doing business are very low.
$16.7 billion in annual industrial R&D: Besides being one of the top states in the nation for industrial R&D, Michigan universities did more than 1.7 billion in R&D in 2009. Michigan’s University Research Corridor (begun by Michigan State University, the University of Michigan and Wayne State University) rivals nationally known innovation clusters like the Research Triangle and Silicon Valley. Our entrepreneurial and manufacturing prowess is in our DNA (reflected in the names of major foundations started by Michigan business legends like Ford, Kellogg, Kresge and Mott).