Why Michigan

Michigan is a great placeto grow your business

[email protected] (248) 642-1701 www.michiganisrael.com

Mic

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eDemographicsPopulation (2010) 9,883,640State Capital LansingLargest City Detroit (Population – 713,777)Total size 96,716 sq. mi. (11th in the U.S.)Adults +25 with high school diploma or higher 87.6%With Associates degree or higher 32.6%Total resident labor force (2010) 4,831,000Universities 48

EconomyGDP (2008) $382.5 billionPer capita Income $49,788State Income Tax Rate 4.35%Corporate Adjusted Gross Income Tax Rate 6% (Only for C Corporations)State Sales Tax 6%S&P Bond Rating AA-

TransportationInterstate Highways 12Highway Miles 9716 miles (15,636km)International Marine Ports 21Inland Waterways 10 (5 major rivers and 5 Great Lakes)International Airports 9International bridges Ambassador Bridge

(busiest North American international crossing)


Thriving Industries

Michigan is home to an impressive number of military and defense-related facilities, including advanced research labs, testing grounds, and bases. Michigan places special emphasis on the Defense sector and helps both entrepreneurs and established firms within the state diversify into the industry and land contracts with the Department of Defense and its prime contractors.

Michigan is home to life sciences targeting emerging and well-established companies looking to commercialize anything from the latest diagnostic tool to creative advancements in the world of pharmaceuticals, like Parke Davis, founded in Detroit in 1866.


Business Incentives

• 2011 Business tax reduction to 6% for C-corporations. • Individual, partnership and LLC taxes will decrease

from 4.35% to 4.25% in 2013• 25% Small Business Investment Tax Credit for

qualified groups investing in Michigan small businesses

• $100 million for business attraction and economic gardening


Michigan's advanced manufacturing strengths include:•#1 state for vehicle-related R&D - spending $11.8 billion annually•#4 in the nation in research intensity

(ratio of expenditures to gross state product)•#4 in the nation for engineering graduates•Industrial and research assets at 360 research sites focused on industrial technology•Home to 47 of the top 50 global automotive suppliers

Michigan companies are creating next generation developments in advanced energy storage, Bio energy, Solar energy, wind energy, and all other alternative energy sources imaginable. In Michigan, policy leaders, entrepreneurs, and universities work together to give your business the upper hand

Thriving Industries


Michigan awaits you

Diverse culture, history, and heritage, 3,288 miles of shoreline (2nd only to Alaska), beautiful sunsets, 98 State parks, 4 distinct and beautiful seasons combine to make Michigan an excellent destination for your business and

family.


Statistics paint part of the welcoming picture. In Michigan, it is our companies, institutions and

people who will roll out the red carpet to make sure that your business succeeds.

Join MIBB todayContact us for more information

Chuck Newman, PresidentPamela B. Lippitt Executive Director

(248) 642-1701

[email protected] www.michiganisrael.com