Michigan is among the top 10 states for technology and innovation, cost
of living, workforce, and, once again, a preferred location overall for
business, according to CNBC’s 12th annual America's Top States for
Business ranking for 2018.
“Michigan has elevated its reputation as a national
leader for creating a 21st-century economy driven by technology and
innovation,” said Gov. Rick Snyder. “We are attracting new jobs and investments
each day, and are well-positioned to compete on the national and global level
for business attraction.”
Citing the state’s “fierce devotion to
technology and innovation,” CNBC ranked Michigan third in that category, up
from ninth place in 2017. Michigan also broke into the top 10 states for
workforce, moving up three spots from last year.
In addition, Michigan is listed at 11 as a top pro-business state, a
ranking that underscores the state’s dramatic economic growth and ongoing
efforts to create a business-friendly environment.
Notable accomplishments include the creation of more than 500,000
private-sector jobs since December 2010; a GDP growth that has outpaced the
nation from 2009 to 2017; a 42 percent increase in the number of startups in
the last five years; and the creation of 13,160 tech jobs in 2017, third only
to California and Texas.
The CNBC study looks at 64 metrics across 10 categories of
competitiveness using publicly available data. States receive points based on
their rankings in each metric, and those metrics are separated into 10 broad
categories: Workforce, Infrastructure, Cost of Doing Business, Economy, Quality
of Life, Technology & Innovation, Education, Business Friendliness, Access
to Capital and Cost of Living.
Today’s ranking adds to a growing list of other recent accolades including: Michigan making the top
five “Global Best to Invest” list by Site Selection
magazine; jumping nine places in the ranking of “Best States
to do Business” by Chief Executive magazine; and a no. 3 ranking for tech job growth in the nation by CompTIA.
To learn more about the annual CNBC study, visit here.
|
