Report: Michigan’s Manufacturing Sector Gets An A, Logistics B
MUNCIE, Ind. (WWJ)– Michigan is rebounding from the Great Recession and making major strides in its business climate, says a new report from Ball State University.
The 2013 Manufacturing and Logistics Report Card, an in-depth analysis from Ball State’s Center for Business and Economic Research, grades all 50 states on factors that impact manufacturing and logistics.
Michigan received the following grades:
Human Capital: C-
Worker Benefit Costs: C
Tax Climate: B-
Expected Liability Gap: D
Global Reach: A
Sector Diversification: D-
Productivity and Innovation: C
“Michigan improved their grades from “B+” to “A” in global position and also from “C-” to “B-” in tax climate category,” says CBER director Michael Hicks. “Michigan is clearly a state on the move, rebounding significantly from the Great Recession, and making great strides in its business climate … Michigan’s resurgence in this year’s scorecard (is) a remarkable story.“
The continued expansion of the nation’s manufacturing sector continues to be one of the bright spots for the recovery. Unfortunately, it hasn’t been enough to drag the entire economy into a full blown recovery, Hicks said.
CBER prepared the report at the request of Conexus Indiana, the state’s advanced manufacturing initiative. It is available at this link.