Despite pandemic, business owners confident about Michigan’s economy

LANSING, Mich. (WILX) — A survey of Michigan business leaders found that, despite the ongoing pandemic, they believe the state is a good place to grow a business.

The opinion came from Michigan’s 10th annual economic outlook survey, released at a Thursday meeting of the Detroit Economic Club. Over 1,000 business people and associations across the state, who largely responded that the state is a good place to do business. Additionally, with the survey being conducted in the second year of the pandemic, the results showed that fewer respondents felt negatively affected by COVID-19 than in 2020.

Related: Central Michigan residents’ bottom line hit by rising inflation

Quentin L. Messer, Jr. is CEO of the Michigan Economic Development Corporation (MDEC).

“From ecosystems to education, these survey results prove that Michigan is making the right choices and has the infrastructure in place to support the growth of businesses of all kinds,” Messer said. “While we know there is still work to be done to ensure that every Michigander feels the impact of our work in their daily lives, it is clear that Michigan offers economic payoffs to becoming the state or #1 four-season province in North America. ”

Michigan also moved up two spots in the Tax Foundation’s 2022 State Business Tax Climate Index, ranking 12th. This decision underscores growing confidence in Michigan as a place to start and grow a business.

To see how Michigan compares to other states, visit michiganbusiness.org/rankings.

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