This Just In - MackinacThis Just In

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Michigan Climbs to Highest-Ever Ranking in Area Development’s Top States for Doing Business

"Michigan’s economic momentum and water leadership take center stage"
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Michigan's economic momentum has reached new heights with the state achieving its highest-ever ranking in Area Development [ [link removed] ]’s annual Top States for Doing Business [ [link removed] ] 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 [ [link removed] ].

"“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.”"

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*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:


* *No. 1 in Water Availability: *Michigan’s abundant freshwater resources and proactive water management policies [ [link removed] ] secured this top ranking, up from No. 2 last year. This reflects the state’s commitment to sustainable water management [ [link removed] ] and providing long-term support for businesses that rely on this essential resource.
* *No. 3 in Climate Risk and Resilience: *Michigan ranks among the top states in this category thanks to historic investments in the fight against climate change [ [link removed] ] through the MI Healthy Climate Plan and its leadership in the clean energy sector [ [link removed] ].
* *No. 8 in Cooperative and Responsive State Government: *Michigan’s business-friendly [ [link removed] ], whole-of-government approach to economic development continues to resonate with companies looking for a supportive environment to invest and grow.
* *No. 10 in Workforce Training Programs*: Michigan earns a top 10 ranking in this category thanks to a statewide talent attraction and retention strategy, supported in part by unique program offerings such as the MEDC’s Talent Action Team [ [link removed] ]. Launched in October 2023, the $20 million “You Can in Michigan” talent attraction campaign [ [link removed] ] also showcases opportunities for job seekers exploring career paths.   

Area Development’s rankings are determined by a survey of location consultants and reflect Michigan's growing appeal to industries like electric vehicles [ [link removed] ], batteries [ [link removed] ], semiconductors [ [link removed] ] and clean energy [ [link removed] ]. 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:


* Ranking No. 9 in CNBC’s list of America’s Top States for Business [ [link removed] ], moving up one spot from the previous year. with additional top 10 rankings in the cost of living, business friendliness and technology and innovation subcategories.
* Being named the top state in the nation for the automotive industry by Business Facilities in its 20th Annual Rankings Report [ [link removed] ], with top spots in life sciences, semiconductors, EV investments, customized workforce training and more.
* Earning the No. 1 spot from Climate Power [ [link removed] ] for clean energy investments from the Inflation Reduction Act. Michigan won 58 projects, securing nearly $25.4 billion in investments and 21,490 jobs, besting Texas, Georgia, California, and South Carolina.
* Gaining global recognition in Fast Company’s Most Innovative Companies list [ [link removed] ] for the MEDC Talent Action Team, which ranked No. 4 in the Business Services category.  

Discover why businesses are choosing to “make it” in Michigan [ [link removed] ].




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