©2018 Michigan Economic Development Corporation

Michigan Recognized for its Business-Friendly Climate

Wednesday, November 06, 2002

Jennifer Kopp-Owens
(517) 335-4590

National Magazine Ranks State’s Business Environment Second in the Nation

          Michigan has been recognized as the second most business-friendly state in the nation, according to Site Selection magazine's annual business climate ranking in its November issue.  This represents Michigan's highest placement in the ranking, and is a dramatic improvement over last year's ranking of seventh in the nation.  

          "Ranking second on the survey proves our state is one of the best spots in the nation for new business investments and expansions," said Doug Rothwell, president & CEO of the Michigan Economic Development Corp.  "We continually strive to improve our state's business climate by developing innovative incentives and initiatives.  While there is still room for improvement, it's clear those efforts have been recognized." 

     The five criteria used to determine business climate rankings are: 

1.    Site Selection publisher Conway Data's propriety New Plant data showing total new and expanded corporate facilities for 2001; 

2.    total new and expanded facilities for 1999-2001; 

3.    total new and expanded facilities per one million residents for 2001; 

4.    total new and expanded facilities per 1,000 square miles; and 

5.    Site Selection's annual survey of corporate real estate executives that determines which states they consider to be most pro-business. 

          The rankings are determined by weighting the first four criteria 50 percent and the business climate survey the remaining 50 percent.  

          "The system we use blends objective criteria in the form of the New Plant database numbers with subjective input from the corporate real estate professionals in equal measures," said Mark Arend, editor of Site Selection.  "That is why this exercise is considered a leading, balanced indicator of which states are – or should be – on the radar screens of facility site selectors.  Michigan's number two ranking is a strong indicator that the state is on those radar screens." 

North Carolina received the number one rating in the Business Climate ranking with Texas, Florida and Georgia rounding out the top five.  

Site Selection magazine delivers 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.   

# # #