Michigan tops the nation among all states based on creating the most new jobs since the 2008 Great Recession, according to the Organization for International Investment and PwC US.
“Gov. Rick Snyder has prioritized job creation and actively pursued global investment,” says Nancy McLernon, president and CEO of the Organization for International Investment, which revealed the results of the 2014 Insourcing Survey in Seattle and Detroit to highlight the work of Governors Jay Inslee and Snyder in attracting more global investment to their states.
“(Snyder) eliminated the job-killing Michigan Business Tax, and he is investing in Michigan’s talented workers,” McLernon says. “Under his leadership, Michigan added twice as many insourcing jobs in 2011 compared to any other state, some 32,000 new jobs.”
Likewise, Michigan created 255,000 jobs since December 2010 and the state claims the fourth highest high-tech workforce in the U.S., and ranks third for high-tech job growth.
“The growth of emerging markets is not surprising, but it underscores that American businesses and states can no longer sit on the sidelines while other countries actively promote themselves to prospective employers,” McLernon says. “Michigan understands what it takes to work with businesses to attract foreign investment, insource jobs, and build its economy.”
Overall, the survey found that 84 percent of respondents believe the economic environment is stronger than it was last year, while nearly two thirds of top U.S. CFOs plan to increase investment in the nation within the next year.