Monday, November 03, 2003
|For Immediate Release:|
November 3, 2003
Contact: Jennifer Owens
Michigan Ranked #2 in the Nation for Its Business Friendly Climate
Site Selection Magazine Recognizes Michigan Again
Governor Jennifer M. Granholm announced today that Michigan has been recognized as the second most business friendly state in the nation for the second year in a row, according to the November issue of Site Selection magazine.
"This is good news for Michigan," said Granholm."We'll be working hard to ensure that our reputation translates into actual jobs for Michigan citizens.The innovative economic development tools that we have in our arsenal continue to be effective in making Michigan a magnet for opportunity."
Five criteria were used to determine business climate rankings:
- New plant data provided by Site Selection publisher, Conway Data, showing the total number of new and expanded corporate facilities in 2002;
- Total new and expanded facilities in 2000 and 2001;
- Total new and expanded facilities per 1 million residents for 2002;
- Total new and expanded facilities per 1,000 square miles; and
- The results of Site Selection’s annual survey of corporate real estate executives that determines which states they consider to be the most pro-business.
The ranking was based 50 percent on the first four criteria and 50 percent on the executive survey.
“Michigan has retained the number two spot while some other previously top-rated states have slipped in the rankings,” said Don Jakeway, president and CEO of the Michigan Economic Development Corporation. “I am proud that such a well respected publication has once again recognized our statewide efforts to make Michigan a top competitor for new business growth and jobs. This sends a powerful message to company executives and site selection professionals.”
North Carolina received the top ranking, followed by Michigan, Tennessee, Ohio and Virginia (tied for fourth) and Texas.Site Selection provides expansion planning information to 45,000 executives of fast-growing firms in 117 countries. To view the complete ranking, visit Site Selection’s Web site at www.siteselection.com.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.
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