The statewide CEO group Business Leaders for Michigan issued a report on the state’s economy Thursday contending Michigan’s business climate had improved during the year.
The Small Business Foundation of Michigan’s eighth annual Entrepreneurship Score Card finds that Michigan has dramatically improved in the measure called Entrepreneurial Climate, rising to 15th in the nation in 2011 compared to 45th in 2010.
Fresh off lowering Michigan’s overall business taxes in a bid to boost economic growth, Republicans will aim to eliminate or phase out a state tax paid on business equipment in 2012.
Lt. Gov. Brian Calley has signed the final package of new Michigan laws for 2011.
Snyder says Michigan has taken steps to encourage job growth that will be more useful than a right-to-work law, such as significantly cutting business taxes that will go into effect Jan. 1st.
Gov. Rick Snyder still maintains he doesn’t want Michigan to become a right-to-work state.
Southfield-based Plante & Moran PLLC said Monday that a little-known part of a federal law called the Worker, Homeownership, and Business Assistance Act of 2009 may be overlooked, costing business owners thousands of dollars in taxes they don’t legally need to pay if their companies lost money in 2008 or 2009.