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telling michigan’s story

Sept. 10, 2016Toronto Star: “Detroit is America’s greatcomeback story”

April 17, 2017MLive: “Holland is best small city in Americato start a business, report says”

July 5, 2017MLive: “Grand Rapids ranked No. 1 in U.S. for job growth”

highlightsMichigan’s business climate has improved dramatically, going from 40th to a top-10 state for business.

Our overall business tax climate is ranked #12 in the nation. Thanks to eliminating the Michigan Business Tax and replacing it with a simple, fair corporate tax system, Michigan has gone from ranking 48th to 8th in terms of corporate tax rating among the states.

Michigan has always been a manufacturing leader, but during the Lost Decade we lost our way. Since making job creation a focus again in 2011, our state has ranked #1 nationally for creating new manufacturing jobs.

Detroit is the comeback city and on an accelerated path toward a brighter future. Through programs like the Detroit Promise Scholarship Program, the city of Detroit is making a commitment to its young people.

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Sept. 10, 2016Toronto Star: “Detroit is America’s greatcomeback story”

where michigan ranked nationally for doing business

41st 40th 41st 41st 34th 33rd 29th 26th 22nd 7th

Governor Rick Snyder hiredmichigan’s improved

business Climate hashelped create more than 500,000 private sector jobssince 2010!

2006 201520142013201220112010200920082007 2016

50th

40th

30th

20th

10th

1st

MICHIGAN’s National Tax Rankings

2010 2017 2010 20172010 2017

17th

12th

48th

8th

14th15th

Overall State Ranking Corporate TaxIndividual Income Tax Sales Tax Property TaxUnemployment InsuranceTax

33rd

45th

9th

25th

9th

47th

2017 2017 201720102010 2010

where michigan ranked nationally for creating manufacturing jobs

50th 50th 50th 48th 1st 1st 2nd 1st 1st 2nd 1st

33.2

%

30.7

%

20.2

%

33.6

%

16.7

%25.0

%

Manufacturing jobs as percentage of all

new private sector jobs

great business climate drives strong growth

3

highlights

Since Gov. Snyder took office, we’ve seen the creation of over 512,000 private sector jobs ranking Michigan as #1 in the Great Lakes states and #6 nationally.

Michigan’s unemployment rate has fallen to 3.8%, its lowest point in 17 years.

Michigan is now outpacing the national average in terms of workforce growth rate.

May 11, 2017GRBJ.COM: “West Michigan companies rank among ‘America’s Best Employers’”

June 29, 2017Forbes: “Forbes’ American Dream Index Rises For The Fourth Straight Month Led By Michigan And Kansas”

telling michigan’s story

April 19, 2017CIO: “[Detroit one of the]10 best cities for women in tech”

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2006 201520142013201220112010200920082007 2016

Michigan vs. national unemployment rate

7%

4.6%

7.1%

14.9%

12.6%

9.3%

5.8%

8%

4.6%

9.6%

8.1%9.1%8.9%

10.4%

5.4%6.2%

7.3%7.4%8.9%

5.3%

4.5%4.9%

Ranking Private-Sector Job Creation among great lakes states20152014201320122011 2016

1st

5th

4th

3rd

2nd

Michigan

OhioIndianaIllinois

Wisconsin

2nd

23rd

9th 13

th36

th

7th 33

rd14

th

17th

38th

15th

41st

26th

25th

34th

19th

31st

28th

26th

27th

30th

31st

23rd

33rd

32nd

15th

40th

24th

35th

33rd

National Rank

Michigan vs. national workforce growth rate

-2.1%

-0.3%

-2.4%

-1.3%

-0.4%

0.3%

0.8%

-0.1%-0.2%

0.1%

0.8%

1.2%

1.7%

0.3%

-0.2%

1.3%1.4%

0.9%0.6%

-1.8%

1.1%

-0.1%

leading job creation and growing opportunities

UneMPLOyMenT raTe aS Of jUne 2017:3.8%

4.4%

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March 23, 2017Second Wave Media: “New investments being made in the future of the Upper Peninsula”

highlights

The more than half-a-million new private sector jobs that have been created since 2011 are also well-paying jobs. In Q1 of 2017, Michigan’s per capita income increased by 1.3%, which is 1st in the nation. In 2009, Michigan ranked 40th.

Thanks to a drastically improved economy, Michigan home values have begun to rise. With an increase in per capita income growth, more Michiganders are able to buy a home leading to a healthier housing market.

attracting talent is critically important to ensuring a healthy 21st Century economy, and Michigan is now above the national rate in terms of population growth among 25 to 34 year olds.

telling michigan’s story

April 17, 2017MLive: “Ann Arbor named best city to livein America”

July 27, 2016MLive: “Ann Arbor ranks as country’s most-educated city, online report says”

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June 7, 2017MyNorth.com: “Traverse City Moves Toward Tech Industries to Diversify Economy, Attract Young Professionals”

March 23, 2017Second Wave Media: “New investments being made in the future of the Upper Peninsula”

MICHIGAN’s average price of home sales

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000 Governor Rick Snyder hired

michigan Per capita income growth

3.1%2.7%

-4.7%

3.6%

6.2%

3.5%

1.3%

4.4% 4.6%

11th31st14th7th35th36th44th50th 6th15th

2.5%3.5%

10th

2006 201520142013201220112010200920082007 2016

Strong and thriving communities - large and small

Population (25 to 34) Percent Change Michigan vs national2.0 %

1.5 %

-1.0 %

-0.5 %

0.0 %

0.5 %

1.0 %

-2.5 %

-2.0 %

-1.5 %-2.0

1.5%

0.5%

1.2%

-0.4%

1.3%

-1.1%

1.2%

-1.4%

0.8%

-1.7%

0.3%

1.4%

1.7%1.5%

1.3%1.3%1.0%1.2%

0.5%

Per CaPITa InCOMe GrOWTh Q1 2017

1.3%

Rank: 1st

7

educated and skilled talent

highlightsMichigan is home to the highest concentration of engineers in the U.S.

Many Michigan universities and colleges are hot spots for STeM education. at the high school level, Michigan leads the nation in fIrST robotics.

Michigan Career Technical education (CTe) students are more likely to attend college than the average student. There are 1,864 CTe programs in Michigan and 107,930 Michigan students participated in a CTe program in 2016.

among the Great Lakes states, Michigan has gone from last to leading the way in attracting people with at least a bachelor’s degree.

Jan. 4, 2017Goodcall.com: “Lansing has been ranked #7 on 2017 list of best cities for new grads!”

March 13, 2017Illinois Policy: “Michigan has reversed theflow of interstate migration with Illinois”

telling michigan’s story

July 26, 2017WBUR: “University Of Michigan Becomes Country’s First Campus To Use Self-Driving Shuttles”

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April 5, 2017MSU Today: “MSU Selected For GM-Sponsored Autonomous Vehicle Competition.”

educated and skilled talent

March 13, 2017Illinois Policy: “Michigan has reversed theflow of interstate migration with Illinois”

telling michigan’s storyEngineering Degrees Earned at Michigan Universities

1,000

3,000

5,000

7,000

2006 2016201520142013201220112010200920082007

5,85

4

6,61

0

6,34

9

6,05

66,10

1

5,70

7

5,67

8

5,98

0

5,96

0

5,68

8

9,000

7,47

8

Net migration of people with Bachelor’s Degrees or Higher20142013201220112010 2015

5,000

10,000

15,000 Michigan

OhioIndianaIllinois

Wisconsin

-15,000

-10,000

-5,000

0

STEM Degrees earned at michigan universities

5,000

10,000

15,000

20,000

25,000

30,000

19,6

02

19,6

60

20,4

04

21,0

10

22,3

51

23,4

05

25,5

85

25,17

2

25,4

05

26,16

4

2006 201620152014201320122011

201020092008200727

,028

5th

1st

3rd

2nd

4th 5

th

2nd

4th 3

rd

1st 4th 1st

5th 2nd

3rd

3rd 1st

4th 5th 2nd

1st

3rd

5th 2nd

4th 1st

5th 2nd

3rd 4th

April 5, 2017MSU Today: “MSU Selected For GM-Sponsored Autonomous Vehicle Competition.”

July 14, 2017UPMatters.com: “New state budget charts path to Michigan’s future”

July 2, 2017Investor’s Business Daily: “As Illinois Goes Bankrupt, Michigan Embraces Bold Pension Reforms”

highlights

We are building a path toward our future. Gov. Snyder has set a new standard in terms of signing a smart, balanced budget months ahead of schedule. With an economy that continues to grow, an expanding labor force, and the state’s fiscal house in good shape, Michiganders have a lot to be excited about.

Gov. Snyder has reversed the course of deficit spending, bringing the state’s rainy Day fund up from just $2 million to $886 million.

Through smart, fiscally-responsible policy decisions, Gov. Snyder has reduced Michigan’s long-term unfunded liabilities - saving state taxpayers billions of dollars.

July 17, 2017Forbes: “Michigan’s Journey From Single-State Recession To Fiscal Reform Leadership”

telling michigan’s story

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July 14, 2017UPMatters.com: “New state budget charts path to Michigan’s future”

MICHIGAN’s total unfunded liabilities

$10BILLION

$20BILLION

$30BILLION

$40BILLION

$50BILLION

$60BILLION

$70BILLION

$47.

3B

$46.

5B

$51.9

B

$56.

4B $65.

4B

$69.

3B

$53.

5B

$53.

2B

$52.

8B

$50.

8B

$74.

1B

$73.

8B

$73.

4B

$71.4

B

when michigan’s budget was signed

FISCAL YEAR 20172007 2008 2009 2010 2011 2012 2013 2014 2015 2016month

jan

aug

feb

march

april

may

june

july

sept

oct

nov

decGovernor rick snyder is #7For7 in signing smart, balanced budgets faster than they’ve been completed in 20 years

*GOVERNMENT SHUTDOWN

*GOVERNMENT SHUTDOWN

*Deadline to sign state budget is september 30

Jun

e 21

, 201

1

Jun

e 26

, 201

2

Jun

e 13

, 201

3

Jun

e 30

, 201

4

Jun

e 17

, 201

5

Jun

e 29

, 201

6oct

obe

r 11

, 201

0

oct

obe

r 29

, 200

9

sept

embe

r 27

, 200

8

no

vem

ber

8, 2

007

au

gu

st 1

5, 2

006

MICHIGAN’s Rainy day fund

$0

$200

$400

$600

Governor Rick Snyder hired $612

$498

$386

$502

$365

$2 $2 $2$2$2

201520142013201220112010200920082007 2016

(Mill

ions

)Efficient, effective, affordable government

$886

2017

2015201420132012201120102009200820072006

2018

July

14,

201

7

Red boxes indicate what total unfunded liabilities would

have been without reforms

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POPULATION2016: 9,928,300 rank: 10th

area:Total Land and Water:96,716 Sq. Miles 250,493 Sq. Kilometers Rank: 11th

Total Land:56,804 Sq. Miles 147,121 Sq. Kilometers Rank: 22nd

Total Water:39,912 Sq. Miles 103,372 Sq. Kilometers Rank: 2nd

Gross domestic product$430.7 billion rank: 13th

Universities and colleges

Michigan produces more cars than any other state and we are the world leader in mobility.

Michigan’s agriculture industry is the 2nd most diverse in the nation.

We have the nation’s longest freshwater coastline (3,200 miles | 5,149 km) and over 11,000 lakes.

Michigan is a leader in international trade, ranking #6 nationally in exports at $54.4 billion and #3 in imports at $134.9 billion.

Tourists spent $20.9 billion in Michigan during 2016.

15 Public Universities

28 Community Colleges

research and Development

Michigan is home to 76% of U.S. automotive research and development spending

Michigan has 375 automotive research and development centers

96.4% of Michigan students who go through a Career Technical education (CTe) program end up employed or in post-secondary education.

411,764 students are enrolled at one of Michigan’s 28 community colleges

259,000 students are enrolled at one of Michigan’s 100+ universities and colleges

Our top export countries are Canada, Mexico, China, Germany and japan.

Our top exports are motor vehicles and parts, industrial machinery, and electrical machinery.

for More Information, Visit Mi.gov/Snyder