Business Leaders for Michigan is pleased to provide you with this year’s fact-based assessment of Michigan’s economic competitiveness relative to other states. We compare Michigan’s performance on key output (e.g., employment, personal income) and input (e.g., taxes, education) metrics annually to that of “traditional,” “new economy,” and “Top Ten” benchmark states. These metrics provide multiple reference points to evaluate Michigan’s performance.
The conclusions included in this report are used by Business Leaders for Michigan and policymakers alike to help develop strategies for making Michigan a “Top Ten” state for jobs, personal income, and a healthy economy.
If Michigan were performing like a “Top Ten” state today, there would be:
- 72,300 more Michigan people working
- $9,200 more income per person
- $12,300 more GDP per person
A full print copy of BLM’s benchmarking report is available for download above.
Research for the 2016 Economic Competitiveness Benchmarking Report was conducted by Anderson Economic Group, a research and consulting firm with expertise in economics, public policy, finance, and industry analysis.