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Nearly two-thirds of Michigan businesses surveyed describe the state as having a positive business climate and would recommend Michigan as a place to start a business. Michigan is recognized as a Top 10 Pro-Business State and a Top 10 state for major new and expanded corporate facilities.
The Michigan Economic Development Corporation, in collaboration with more than 100 economic development partners, markets Michigan as the place to do business, assists businesses in their growth strategies, and fosters the growth of vibrant communities across the state.
MEDC Strategic Focus Industry: Mobility and Automotive Manufacturing; Medical Device Technology; Engineering, Design and Development; Technology; Advanced Manufacturing; or Professional and Corporate Services. Regional Impact Industry: Agribusiness, Tourism, Logistics, Financial Services and Other Manufacturing.
Michigan Economic Development Corporation is a quasi-state agency that exists to advance Michigans economy. Our mission is to achieve long-term economic prosperity for Michiganders by investing in communities, enabling the growth of good jobs and promoting Michigans strong image worldwide.
Home to many industries (perhaps most famously the automobile industry that earned Detroit its famous nickname), Michigan has long been synonymous with American manufacturing and the benefits that come with it.
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What is Michigans GDP by Sector? The Manufacturing, Real Estate and Rental and Leasing and Professional, Scientific and Technical Services sectors contributed the most to Michigans GDP in 2023, representing a combined 45.9% of state GDP.

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