Michigan’s average ranking across three major business climate indices increased slightly from 2016 to 2017, putting the state at 24th out of 50. Since 2009, Michigan's aggregate ranking has improved 26 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. 

Business Climate Rankings Trends

Business Climate Rankings Standings

Source: CEO Magazine (Best and Worst States for Business), CNBC (Top States for Business), Forbes (Best States for Business)