09/13/2024 | Press release | Distributed by Public on 09/13/2024 10:03
Michigan's economic momentum and water leadership take center stage
Michigan's economic momentum has reached new heights with the state achieving its highest-ever ranking in Area Development's annual Top States for Doing Business rankings. In a significant leap, Michigan now holds the No. 10 spot overall, up from No. 13 last year. This jump reflects the tangible results of the state's focused economic development plan and the impact of its Make It in Michigan strategy.
"These latest Area Development rankings reflect our Team Michigan commitment to the Make It in Michigan economic development strategy focused on People, Places and Projects to support Michiganders as they pursue their employment and entrepreneurial dreams," said Quentin L. Messer, Jr., CEO of the Michigan Economic Development Corporation. "By leveraging innovation, collaboration and our rich natural resources, Michigan is not only competing on the national stage but also leading the way in creating long-term economic opportunities for our friends and neighbors. Work remains and we are committed to getting it done together for all Michiganders."
Michigan is a Top 10 state
Michigan's rise in these latest national rankings is marked by top marks in critical categories that showcase its forward-thinking approach to economic growth:
Area Development's rankings are determined by a survey of location consultants and reflect Michigan's growing appeal to industries like electric vehicles, batteries, semiconductors and clean energy. With over $16 billion in new projects and 16,000 jobs added in just the last year, Michigan is rapidly becoming a national leader in emerging sectors.
As Michigan celebrates these achievements, the state remains laser-focused on building upon the success of its economic strategy, promising even greater opportunities for businesses and residents in the years ahead.
Building on Michigan's momentum
This latest recognition adds to a growing list of recent wins for Michigan's business and economic development success, including:
Discover why businesses are choosing to "make it" in Michigan.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state's marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan's economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: FacebookInstagramLinkedIn, and Twitter.