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This Just In
*MichiganBusiness.org [ [link removed] ]*
*Sept 14, 2022*
Michigan rises in national rankings; Detroit Auto Show in national spotlight
BidenAutoShow
"Michigan breaks into the Top 15 in Area Development?s 2022 Top States for Doing Business ahead of President Biden?s NAIAS visit"
When it comes to doing business, Michigan is in the driver?s seat. In "Area Development"?s 2022 Top States for Doing Business [ [link removed] ] rankings, Michigan rose to No. 14 overall. "Area Development?s" surveyed panel of experts highlighted states ripe for doing and growing business as economies emerge and grow following the pandemic. As the No. 2 state for most recovered economy from COVID-19 [ [link removed] ] by "Credible", Michigan is on the move.
Michigan also made significant strides in the categories of Workforce Development Programs, tied at No. 8, making it the only Midwest state in the category?s top 10; Available Real Estate at No. 9; and Cooperative & Responsive State Government, tied for No. 8 with five states, including Texas and Alabama. Michigan also brought in additional Top 10 rankings in Access to Capital & Funding at No. 8 and Competitive Labor Market at No. 6.
"?Team Michigan continues to stand out as we demonstrate our commitment to building a championship economy,? said MEDC CEO Quentin L. Messer. ?We have made progress over the last few years thanks to building Michigan?s talent ecosystem, working with Governor Whitmer, state legislators and other elected officials. Team Michigan is rising to the challenge of continuing to rebuild Michigan?s economy following the impacts of the pandemic. Work remains, but with these statewide efforts and the return of the Detroit Auto Show, the world is taking notice and we are making progress.?"
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This latest ranking from "Area Development" was released as the Detroit Auto Show kicks off, marking the show?s return to downtown for the first time in three years. With all eyes on the Electric Motor City, the Detroit Auto Show welcomed President Joe Biden and Transportation Secretary Pete Buttigieg, where they joined Governor Gretchen Whitmer and Lt. Governor Garlin Gilchrist II for a tour of the Detroit Auto Show floor.
As the state that leads the nation in mobility innovation and manufacturing, Michigan continues to show the world it is also home to the future of transportation technology and a leader in the transition to electric vehicles (EVs).
Throughout 2022, Michigan has celebrated a series of transformational investments that demonstrate continued industry growth across the automotive and EV mobility sector, including:
* *General Motors*?is investing $7 billion [ [link removed] ] to convert its Orion Township assembly plant to build full-size EV pickups and build Ultium?s third U.S. battery cell plant in Lansing
* South Korean-based battery maker?*LG Energy Solution*?is investing $1.7 billion [ [link removed] ]?to quintuple plant capacity in Holland
* *Ford Motor Company*?is investing $2 billion [ [link removed] ] in plants across Michigan to support EV manufacturing growth and secure its internal combustion engine portfolio in the state
* Semiconductor wafer manufacturer?*SK Siltron*?is investing $302 million? [ [link removed] ]in Bay County to support the U.S. semiconductor supply chain and electric vehicle growth
* Canadian EV charging network operator and smart charging solutions provider?*FLO*?is investing $3 million [ [link removed] ] to establish its first U.S. manufacturing facility in Auburn Hills
With all eyes on the Motor City as the Detroit Auto Show kicks into gear, Michigan is sure to keep the world looking and moving.
In addition to the recent "Area Development" rankings, Michigan is also strongly positioned in other national rankings, including:
* Ranked #9 in Site Selection magazine [ [link removed] ]?s annual rankings of Global Best to Invest locations.
* Ranked #3 for sustainable development in 2021?s Site Selection Sustainability Rankings [ [link removed] ].
* Detroit ranked #1 as?the top emerging startup ecosystem [ [link removed] ]?by Startup Genome?s 2022 Global Startup Ecosystem Report.
* Recognized by Crunchbase as the?fastest growing state [ [link removed] ]?for VC investment.
Learn more about the state of Michigan?s presence at the Detroit Auto Show at [link removed] [ [link removed] ].
For more information about Michigan?s mobility ecosystem and EV strengths, go to michiganbusiness.org/mobility [ [link removed] ].
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