Between 1997 and 2003, Michigan welcomed a total of 10,229 major new business developments, including 448 in 2003, according to the magazine. Michigan is the first state to break the 10,000-project mark since Site Selection began gathering the data, and is more than 2,600 projects ahead of California, its nearest competitor. In addition, Site Selection named Traverse City as the top small town for business growth for the second year in a row. Detroit finished third in the metro category, following Chicago and New York.
"For seven years running, Michigan has shown its job creation and business development prowess," Gov. Jennifer Granholm says about the ranking. She also added that "our economic plan that focuses on revitalizing Michigan cities, nurturing small businesses, and rejuvenating manufacturing.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
