Uncompetitive for Business Growth

Michigan’s ability to accelerate economic growth is tied to the state’s ability to compete not only nationally but in the global economy.

Michigan’s tax climate is improving but still worse than competitors.  The new corporate income tax expected to improve Michigan to 22nd best ranking.

Property taxes still high due to personal property tax – a tax not assessed by most states Michigan competes with.

Companies pay on average 3% more in “total business costs” in Michigan than the U.S. average. 
Costs can be as much as 19% above the “Top Ten” states and peers we most often compete against for jobs & investment. 

Regulatory requirements in Michigan are often greater than those of other states and the compliance process can be more difficult due to the multiplicity of jurisdictions and ease of doing business.