Economic growth and job creation that has occurred under Michigan Gov. Rick Snyder was recognized on Friday by the Organization for International Investment.
In recognizing Michigan as a leader in attracting global investors, OFII underscored recent steps taken by Snyder and the state legislature to eliminate the Michigan business tax and develop the state’s workforce to fill high-skill positions.
“(Friday’s) announcement is another sign of Michigan’s improving business climate and the good work we’ve done to reduce taxes, eliminate burdensome and unneeded regulations and by investing in talent enhancement programs,” Snyder said. “Investment in Michigan by overseas-based companies is growing and the results mean more and better jobs for people all across our state.”
OFII President and CEO Nancy McLernon said Michigan state officials understand how to work with businesses to attract foreign investment, insource jobs and build the economy.
“The growth of emerging markets is not surprising, but it underscores that American business and states can no longer sit on the sidelines while other countries actively promote themselves to prospective global employers,” McLernon said.
Since December 2010, 255,000 jobs have been created in Michigan, and its high-tech work force has grown to be the fourth largest in the country. Insourced labor in the state now accounts for 248,000 jobs, or approximately seven percent of the state’s workforce, according to a OFII survey.