Sluggish economic growth over the past four years has left Michigan losing ground to other states and slipping further behind in its goal to become a Top 10 state for business competitiveness, according to a report released Monday.
The annual benchmarking study by Business Leaders for Michigan weighs the state’s performance on key economic drivers, like business creation, talent migration, educational attainment and how CEOs rate the business climate. Combined, the report measures a state’s economic health and prosperity for residents.
