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State Resources


Michigan Business Resources

Michigan is known as the birthplace of the automobile industry and is the home of the Big Three automakers. Fierce competition from foreign automakers in recent decades has caused a decline in the American auto industry. The ensuing loss of domestic market share and Michigan's over-reliance on the auto industry has caused the state economy to perform below the national average in recent years. Despite the decline, the auto industry still provides hundreds of thousands of jobs and billions of dollars to the state economy.

Michigan is now attempting to diversify the economy of the state by focusing on life sciences, alternative energies, advanced automotive manufacturing, and homeland security and defense. It is also a leader in many other manufacturing and processing lines, including prepared cereals, machine tools, airplane parts, refrigerators, hardware, and furniture.

Business Data

Per Capita Real GDP$33,468 Rank: 35/50 (2006)
Population9,938,440 Rank: 8/50 (2000)
Per Capita Personal Income$33,847 Rank: 27/50 (2006)
Unemployment Rate7.10% Rank: 50/50 (2008)
Business Tax Climate IndexRank: 29/50 (2008)
Corporate Tax Rate4.95%
Individual Tax Rate 4.35%
Sales Tax Rate 6%

Business Tax Climate Index

Individual Income Tax Index Rank14
Sales Tax Index Rank14
Unemployment Insurance Tax Index Rank45
Property Tax Index Rank25
Business Tax Climate Index29
Corporate Tax Index Rank49

State Information

AbbreviationMI
CapitalLansing
Nick NameGreat Lakes State
State Web Sitehttp://www.michigan.gov
MottoIf you seek a pleasant peninsula, look about you

Top 5 Export Partner Countries

Canada, Mexico, Germany, Japan, China

Top 5 Export Merchandise

Primary Metals Sales Transportation Equipment Sales Primary Metals Manufacturing Chemicals Manufacturing Machinery Manufacturing

Major Cities

Detroit, Grand Rapids, Warren

GDP

Total Gross Domestic Product (USD Millions) $381,963.00 (2007)
Per Capita Real GDP (USD)$32,846.00 Rank: 37 (2007)

Population Stats

Population 10,003,422 Rank: 8 (2008)

Age Distribution

Under 18 Population2,595,770
Under 18 Percent of Total Population26%
65 and older Population1,219,020
65 and older Percent of Total Population12%

Gender Distribution

Male Population49%
Female Population51%
Non-English Speaker (at home)630,563
Net International Immigration122,901
Birth Rate12.8%
Percent of People Under Poverty Level13.2%
Rank22

Expenditure

Per Capita State Spending$43,839
Rank35
Energy Expenditures per Person$3,456
Expenditures of State and Local Government Employee-Retirement Systems$4,886,174

Revenue

Personal Income$40,058
Rank27
State Internal Revenue Collection$69,923,907
Rank11
Cash and Deposits by State Government$3,379,230
Per Capita State Tax Collection$2,347
Rank23

Education

High School Graduation Rate66.9%
Rank36
Percent of Population with a Bachelor's Degree15.1%
Rank37
Percent of Population with an Advanced Degree9.3%
Rank23

Largest Universities

Michigan State University University of Michigan, Ann Arbor Wayne State University
High School Graduation Rate66.9%

Logistics

Public Road Length (Mile)121,722
Gas Tax Rate (%)19%
Highway Planning and Construction (USD Thousands)1,050,691
Number of Public Airports230

Main Airports

DTW: Detroit FNT: Flint GRR: Grand Rapids LAN: Lansing YIP: Detroit

Ports

Alpena Calcite Charlevoix Detroit Drummond Island Escanaba Grand Haven Marine City Marysville Monroe Muskegon Port Dolomite Port Inland Presque Isle St. Clair Stoneport

Weather


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State Business Links

The Detroit News
www.detnews.com

Secretary of State

Michigan Secretary of State
http://www.michigan.gov/sos
Driver and vehicle information, consumer protection, elections department. State history, the state seal, upcoming events.

Small Business Administration

Michigan Small Business Administration
http://www.sba.gov/localresources/district/mi/index.html
The goal of the Michigan District Office is to create an environment within Michigan where small business can grow and prosper.

Top 10 Business Links

Detroit Chinese Business Association (DCBA)
http://www.dcba.com
Based in Southfield, Michigan, the DCBA aims to foster and facilitate increased collaborations between American and Chinese businesses. Members enjoy several benefits that range from trade shows and seminars, to business translations and other linguistic or cultural assistance. The association also conducts regular trade missions between China and the US.
Economic Profiler
http://ref.michigan.org/medc/miinfo/places/
This website enables you to view general, economic, quality of life, and municipal services statistics for all counties, with the option to display as a comparison between counties and years.
MiBiz
http://www.mibiz.com/
This is the online version of MiBiz, a business-to-business publication covering business news in west and southwest Michigan. From the website, numerous columns articles are accessible.
Michigan Business & Professional Association
http://michbusiness.org/
The MBPA is a membership organization offering a number of benefits, including service, education, advocacy, and solutions. Business startup assistance, dispute resolution, and corporate legal advice are just a few of the services available.
Michigan Economic Development Corporation
http://www.michiganadvantage.org/
This website provides detailed information on what makes Michigan a good place to do business, such as tax incentives and key industries, as well as information on starting or expanding a business in Michigan, relocating a business from another state, and more
Michigan Manufacturers Association
http://www.mma-net.org/
This association provides services and political representation for member manufacturers in Michigan. Services include further education and seminars, various human resource services, and more.
Michigan Small Business & Technology Development Center
http://www.gvsu.edu/misbtdc/
Hosted by Grand Valley State University, MI-SBTDC aims to help new and existing small businesses through counseling, training, and research. There are a number of different tools for existing businesses, such as financing or import/export help. They also provide aid for starting up and running a new business.
Mlive.com Everything Michigan
http://www.mlive.com/business/
Mlive provides a wealth of Michigan business news, related to all kinds of categories, such as economic development or retail business. News is also provided for various cities, and the usual news categories like sports, entertainment, travel, and living.
United States: ExportMichigan.com, Michigan's Export Source
http://www.exportmichigan.info/search.htm
ExportMichigan.com, Michigan's Export Source is the homepage of the Michigan District Export Council. As an international business website, the site acts as a guide to those looking to enter into the international marketplace. It includes information on trade such as Importing into the US, Trade Guides, and International Business Planning. The homepage also features a section of links to other international business websites. disclaimer | privacy | site map | contact form copyright 2001-2009 Michigan State University. All rights reserved.

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