Site Selection magazine named Michigan the number six state in the nation for major new corporate facilities and expansions in 2015.
The publication verified 217 projects in Michigan that met capital investment, job creation, or size standards as part of its annual Governor’s Cup ranking.
“Once again, the nation is taking notice of the bold reforms now driving Michigan forward. More companies are choosing to grow their futures in Michigan, creating more and better jobs here,” Michigan Economic Development Corporation Chief Executive Officer Steve Arwood said. “The best way to boost our state’s economy and improve the quality of life for all is to create an environment that encourages business investment and innovation.”
Some of the leading automotive suppliers, including ZF in Northville Township, Detroit Diesel Corporation in Redford Township, and Sakthi Automotive Group USA in Detroit, planned expansions in 2016.
State officials say that the improvement of Michigan’s business policies over the past five years has led to a marked increase in corporate expansion projects. The state has eliminated the Michigan Business Tax, nixed its structural deficit and reduced nearly 2,000 unnecessary regulations.
Michigan has had a top state ranking for major and new expanded facilities for four consecutive years. Michigan has also ranked 13th among all states for overall business tax climate by the Tax Foundation.
“This recognition sends a message around the world that Michigan’s highly competitive business climate and tremendous workforce capabilities make our state a top location for new corporate expansions,” Arwood said. “Over the last several years, we have greatly improved Michigan’s business climate and infrastructure, making it easier for businesses to find new paths to prosperity, and our changes are paying off.”
The top 10 states in Site Selection’s ranking were:
- North Carolina