Detroit, Michigan
Denis Jr. Tangney | E+ | Getty Images
Category Score 2013 Rank 2012 Rank
Cost of Doing Business1963329
Workforce1841538
Quality of Life1034334
Infrastructure & Transportation1972525
Economy2182628
Education723238
Technology & Innovation2021212
Business Friendliness803234
Cost of Living331812
Access to Capital142321
Overall12992933

ECONOMIC PROFILE

Governor: Richard Snyder (R) 

Population: 9,883,360

GDP growth: 2.2 percent

 Unemployment rate (May 2013): 8.4 percent

Top corporate rate: 6 percent

Top individual tax rate: 4.25 percent of federal adjusted gross income with modificiation

Gasoline tax: 40.9 cents/gallon

Bond rating/outlook: Aa2/Positive

Major private employers: University of Michigan, Detroit Receiving Hospital, Blodgett Hospital, Beaumont Hospital, Delphi Thermal Systems, Henry Ford Health System,, Sparrow Health System, Pfizer Animal Health, Access Business Group, Amway Products, General Motors

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)