Michigan’s economic development expenditures per capita in 2016 were 30 percent lower than the “Top Ten” average. Michigan ranked fourth among its peers in terms of the level of economic development expenditures, and exceeded the peer state average.
What It Is: State and local government expenditures on economic development programs and incentives (2016 dollars), divided by population.
Why It Matters: This measure indicates the total scale of public spending on economic development programs and incentives in a state. Well-targeted incentives can attract businesses and increase employment in a state.