Why Michigan? Questions and answers with the Michigan Economic Development Corp.

B.F.: Why should companies consider Michigan for their next relocation or expansion?

Doe: Michigan has everything companies need to innovate and become market leaders. We rank in the top 10 states for research, development, innovation and patent issuance, and we have the fourth-highest ratio of corporate R&D spending to GDP in the country. We have the highest density of engineers in the country, and once an innovation is ready to ship, the supply chain is simplified thanks to Michigan’s unparalleled access to roads, water and air. Most importantly, our workforce is unmatched. Our top talent has the determination and tenacity needed to move any company forward. And our natural beauty is unparalleled, and our diverse cities and cultural institutions are consistently recognized as the nation’s best places to visit, making them the perfect backdrop for any growing company or startup. Bottom line: We know how to get it done in Michigan—that means working together to move faster, deliver world-class talent and deliver results for our partners and our employees.

B.F.: What are the target or growth sectors in 2024?

Doe: Michigan is strategically positioned to strengthen familiar industries while expanding our leadership in new ones. A focus of our team is clean energy technology, which aligns with the priorities outlined in the MI Healthy Climate Plan. Michigan will play a key role in the energy transition. Additionally, we have focused in recent years on bringing semiconductor manufacturing to Michigan because of the need for this resource in the automotive, mobility, technology and medical device industries, among others. In addition, we will continue to build on our successes in mobility, life sciences, aerospace and defense, providing cross-industry growth opportunities in 2024 and beyond.

B.F.: Why are the country’s location and infrastructure advantageous for companies?

Doe: The Pure Michigan difference should not be overlooked. Our 3,000+ miles of freshwater coastline and countless stunning cities and towns are a critical advantage in the battle for talent – especially in an era of remote work. Talent wants a place, and companies need talent. It is critical to the state’s growth strategy that everyone knows that Michigan is a great place to live, work and play.

Additionally, nearly half of the U.S. and Canadian populations live within 500 miles of Michigan, making it an ideal location for businesses as the state offers unparalleled access to markets inside and outside the state. And for companies looking to export, Michigan has 3,600 miles of railroads, 33 deep-water ports on the Great Lakes, and 19 commercial airports, including Detroit Metropolitan, one of the largest U.S. air hubs in North America.

B.F.: Why is Michigan’s workforce an asset to the economy?

Doe: One of the first questions companies ask economic development agencies is, “How many people can I hire and how quickly can I hire them?” In fact, 80% of companies cite talent as the most important factor they consider when deciding to expand their operations. Talent is paramount.

In addition to world-class facilities at an incredible system of 93 colleges and universities, Michigan’s vocational schools are training a workforce that is expected to fill 520,000 jobs in the professional trades by 2030. Michigan has initiatives, programs and campaigns that connect our eager and skilled workforce with companies in every industry. Our state also leads the nation in the concentration of engineers and is a leader in commercial and industrial designers – critical for both established and growing industries.

Finally, the Michigan Economic Development Corporation’s Talent Action Team received national recognition, including a Fast Company Top 100 Most Innovative Companies Award for Business Services. These programs help train and retain Michiganders and place Michigan graduates with strategic employers to fill key positions.

Time and time again, Michigan’s workforce has proven that anything is possible when you make dreams come true. There are no better people to help your company build the future.

B.F.: Why is the quality of life in Michigan desirable?

Doe: Our state stands out, offering unique geographic diversity and welcoming, inclusive communities that come alive year-round with activities tailored to each of our four seasons. Michiganders have the best of all worlds—from vibrant cities like Detroit and Grand Rapids to the creative vibe in Ann Arbor and Kalamazoo to the natural wonders in Traverse City and Saugatuck. No matter your passion, career, or hobbies, you’ll find it all in Michigan.

In short, people in Michigan have everything they need to live life to the fullest. Whether you’re getting your first job, relocating your business, or looking for a place to settle down, Michigan’s affordable housing prices, safe neighborhoods, top-ranked schools, and career opportunities are an important part of the quality of life. And we’re still only scratching the surface when it comes to the great things about living in Michigan.

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B.F.: Why is the business future in Michigan looking bright?

Doe: We have a comprehensive strategy called Make It in Michigan (launched in May 2023) that is designed to continue our momentum to build a better future. We believe everyone can succeed in Michigan, from our talent seeking good-paying jobs to our companies and entrepreneurs focused on scaling their operations and innovating in their fields. We remain competitive in the business ecosystem while committing to improving the quality of life for Michiganders across our state.

B.F.: What vision does the state have regarding its economic development?

Doe: We focus on three key areas: projects, people and places. We invest in people by advancing opportunity and reducing barriers to middle class growth. We compete for and win projects by fostering innovation and talent acquisition across multiple economic sectors. And we focus on places—we work to build strong communities by investing in local efforts to create vibrant and welcoming places that provide Michiganders with a high quality of life. We know that when we make Michigan an even better place for residents and business leaders, we ensure economic growth that benefits all Michiganders—today and in the future.

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