Michigan’s average ranking across three major business climate indices improved by eight spots from 2015 to 2016, putting the state at 25th out of 50. Since 2009, Michigan's aggregate ranking has improved 25 spots; however, Michigan’s average rank still lags behind the “Top Ten” average and the peer state average.
What It Is: Average of three major business climate indices that account for several factors such as business costs, business leaders’ perceptions, regulatory climate, quality of life, etc. (1 = best, 50 = worst).
Why It Matters: This measure is an indicator for how attractive a state might be for businesses.