Why Michigan
Michigan has always been known for its innovation, diversity and entrepreneurial spirit. Michigan is strategically located among the country’s most industrialist cities and near the U.S./Canadian border. In fact, the busiest border crossing in North America - the Am- bassador Bridge, sees over $500 million in trade cross between Michigan and Canada daily. A four-seasons state, Michigan offers the most diverse, scenic and adventurous quality of life one can imagine. Surrounded by 20% of the globe’s fresh water, it’s no wonder Michi- gan is known as the Great Lakes State. For financially savvy businesses and workforce, Michigan just makes “cents” - literally. According to the Tax Foundation, Michigan ranked 12th in the country for the best busi- ness tax climate. Talent looking to build a career and a home find wages to be above the national average, while having a cost of living 10% below the national average, making Michigan the 4th most affordable state in the country. Michigan is also home to many of the nation’s top universities and research centers and has always taken great pride in the educational systems available to our current, and future workforce. With the resurgence of the City of Detroit, Michigan is abuzz on the many business, social and cultural opportunities available. The Michigan Economic Development Corporation recently completed a 5-year strategic plan where priorities and program development will focus on:
Michigan’s target industries: ▶ Mobility and automotive manufacturing ▶ Engineering, design and development ▶ Professional and corporate services
Michigan’s focus areas: ▶ Attract, retain and support businesses ▶ Foster high-wage skills growth
▶ Develop attractive places ▶ Catalyze entrepreneurship ▶ Market the state
▶ Advanced manufacturing ▶ Medical device technology ▶ Tech
INNOVATION HUB
SKILLED WORKFORCE
GLOBAL PLAYER
EDUCATION
more than $12 billion spent, MIchigan ranks 4th in U.S. for private spending on R&D
Michigan is #1 in the concentration of employed engineers - 89,000
Over 1,460 foreign companies with 5,346 locations across the state
25,000 degrees earned in STEM fields within 1 year
GLOBAL PLAYER
CAREER CREATOR
EDUCATION
MANUFACTURING
$ 55.7 billions in goods exported
400,000 jobs created in the state since 2010
15 public universities are located in Michigan
Over 14,000 manufacturing establishments are located in the state
Sources: Automation Alley, Advantage Oakland by Oakland County, MEDC
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