In CNBC’s Top States for Business annual ranking, Michigan landed the #11 spot, marking a 13-spot improvement in the ranking from 2019. Michigan increased its scores in education and infrastructure, with high scores in the categories of technology & innovation, cost of living and cost of doing business helping drive the jump in the ranking.
“By ensuring critical relief to small businesses throughout the state during the pandemic, and keeping a focus on long term economic growth in the state, Michigan is in a position to not only recover, but thrive as we continue our efforts to jumpstart the economy,” said Governor Gretchen Whitmer. “We are excited to see the impact of these efforts reflected in CNBC’s Top States for Business Ranking as we keep that momentum going by getting people back to work across the state.”
The annual ranking, which was last released in 2019, evaluates 10 broad categories of competitiveness, in part based on issues states have identified as the most important in business attraction efforts. In 2021, cost of doing business and infrastructure categories took on increased importance in the ranking – both areas Michigan excelled in.