A recent report indicates that Michigan is around the middle of the pack when it comes to being a good place for businesses.
The report was from CNBC. In the report, 10 different categories were looked at to rank the states based on how good of a place they are for businesses. The ten categories were: access to capital, cost of living, business friendliness, education, technology and innovation, quality of life, economy, infrastructure, cost of doing business and workforce. Many different sources of data were used for looking into these 10 categories.
Michigan was given an overall rank of No. 22 in the report. This is a slight improvement over last year. That year, the state was ranked No. 26.
Which categories did Michigan do the best and worst in on the report? The three categories the state ranked best in were access to capital (ranked 4th), cost of living (ranked 7th) and technology and innovation (ranked 8th). The three categories the state did the worst in were quality of life (ranked 48th), business friendliness (ranked 36th) and economy (ranked 29th).
What are your thoughts on the report's findings regarding Michigan? Do you think Michigan, overall, is a good place for businesses? What do you think the state could do to be a better place for businesses?
The overall business environment in the state a business is located in is one of the many things that can impact a business' financial health and future outlook. Another such thing is how the business handles disputes it ends up in. Disputes can arise in connection to all manner of different aspects of a business' operations, and there are a wide range of different ways a dispute and how it is addressed could end up impacting a business. Thus, when a Michigan company ends up in a business dispute, it should consider seeking out guidance on how to deal with the dispute from a skilled attorney.
Source: Detroit Free Press, "Michigan is No. 22 on CNBC's list of top business states," Zlati Meyer, July 1, 2015