Why Michigan

Michigan is a great place to grow your business info@michiganisrael.com (248) 642-1701 www.michiganisrael.com

Michigan at a glance Demographics Population (2010) 9,883,640 State Capital Lansing Largest City Detroit (Population – 713,777) Total size 96,716 sq. mi. (11 th in the U.S.) Adults +25 with high school diploma or higher 87.6% With Associates degree or higher 32.6% Total resident labor force (2010) 4,831,000 Universities 48 Economy GDP (2008) $382.5 billion Per capita Income $49,788 State Income Tax Rate 4.35% Corporate Adjusted Gross Income Tax Rate 6% (Only for C Corporations) State Sales Tax 6% S&P Bond Rating AA- Transportation Interstate Highways 12 Highway Miles 9716 miles (15,636km) International Marine Ports 21 Inland Waterways 10 (5 major rivers and 5 Great Lakes) International Airports 9 International bridges Ambassador Bridge (busiest North American international crossing) info@michiganisrael.com (248) 642-1701 www.michiganisrael.com

Thriving Industries Michigan is home to an impressive number of military and defense-related facilities, including advanced research labs, testing grounds, and bases. Michigan places special emphasis on the Defense sector and helps both entrepreneurs and established firms within the state diversify into the industry and land contracts with the Department of Defense and its prime contractors. Michigan is home to life sciences targeting emerging and well-established companies looking to commercialize anything from the latest diagnostic tool to creative advancements in the world of pharmaceuticals, like Parke Davis, founded in Detroit in 1866. info@michiganisrael.com (248) 642-1701 www.michiganisrael.com

Business Incentives
2011 Business tax reduction to 6% for C-corporations.
Individual, partnership and LLC taxes will decrease from 4.35% to 4.25% in 2013
25% Small Business Investment Tax Credit for qualified groups investing in Michigan small businesses
$100 million for business attraction and economic gardening
info@michiganisrael.com (248) 642-1701 www.michiganisrael.com

Thriving Industries
Michigan's advanced manufacturing strengths include:
#1 state for vehicle-related R&D - spending $11.8 billion annually
#4 in the nation in research intensity
(ratio of expenditures to gross state product)
#4 in the nation for engineering graduates
Industrial and research assets at 360 research sites focused on industrial technology
Home to 47 of the top 50 global automotive suppliers
Michigan companies are creating next generation developments in advanced energy storage, Bio energy, Solar energy, wind energy, and all other alternative energy sources imaginable. In Michigan, policy leaders, entrepreneurs, and universities work together to give your business the upper hand info@michiganisrael.com (248) 642-1701 www.michiganisrael.com

Michigan awaits you
Diverse culture, history, and heritage, 3,288 miles of shoreline (2 nd only to Alaska), beautiful sunsets, 98 State parks, 4 distinct and beautiful seasons combine to make Michigan an excellent destination for your business and family.
info@michiganisrael.com (248) 642-1701 www.michiganisrael.com

Statistics paint part of the welcoming picture. In Michigan, it is our companies, institutions and people who will roll out the red carpet to make sure that your business succeeds. Join MIBB today Contact us for more information Chuck Newman, President Pamela B. Lippitt Executive Director (248) 642-1701 info@michiganisrael.com www.michiganisrael.com

Why Michigan

by michiganisrael on Aug 02, 2011

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