michigan ceo summit presentation
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Per Capita GDP: 2009-2012Michigan per capita GDP is recovering at twice the rate of the U.S. average
$0
$16,667
$33,333
$50,000
2009 2010 2011 2012
$42,691 $43,729 $44,276 $45,110
$31,521$33,169
$34,521 $35,298
Year
MichiganUnited States
2009-2012 Growth: 5.7%
2009-2012 Growth: 12.0%
Per Capita GDP (real)
Per Capita Personal Income: 2009-2012Michigan per capita income is recovering faster than the U.S. average
$0
$14,667
$29,333
$44,000
2009 2010 2011 2012
$42,149 $42,327 $43,211 $43,791
$35,552 $36,142 $37,014 $37,497
Year
MichiganUnited States
2009-2012 Growth: 3.9%
2009-2012 Growth: 5.5%
Per Capita Personal Income (real)
Employment: 2009-2012Michigan’s annual unemployment rate is falling 4 times faster than the U.S. average
0
4.667
9.333
14
2009 2010 2011 2012
9.3 9.68.9
8.1
13.412.7
10.3
9.1
Percentage
Year
MichiganUnited States
2009-2012 Growth: -4.3% pts.
2009-2012 Growth: -1.2% pts.
Annual Unemployment Rate (real)
Top Ten Metrics
0
3.75
7.5
11.25
15
714
23
1242009 2012
ImprovingHoldingDeclining
INNOVATIVE
COHESIVE
COMPETITIVE
DISTINCTIVE
Pop Quiz
Cost of Doing Business (lower score is better) 94 103
Unit Labor Cost $0.51 $0.59
Corporate Tax Climate (higher score is better) 5.83 5.85
Overall Business Tax Climate (rank) 20 12
State & Local Government Expenditures per capita $12.20 $9.42
State & Local Unfunded Liabilities per capita $3,434 $6,714
State A State B
% of Students Career and College Ready 31% 21%
Number of Degrees Conferred (Associate’s & above) per 10,000 of Population
128 116
% of Population Age 25-64 with an Associate’s Degree or Higher
41.0% 36.8%
% or Urban Roads in Poor Condition 11% 17%
State A State B
Pop Quiz
Value of Exported Goods per $100,000 of GDP $9,474 $14,230
University R&D Expenditures per $1 million of GDP $5,149 $6,557
Patents Issued per 100,000 Residents 23 30
Venture Capital Investment per $100,000 of GDP $144 $68
Entrepreneurial Activity (% of people starting a business) 0.30% 0.18%
State A State B
Pop Quiz
Cost of Doing Business (lower score is better)Unit Labor CostCorporate Tax Climate (higher score is better)Overall Business Tax Climate (Rank)State & Local Government Expenditures per capitaState & Local Unfunded Liabilities per capita% of Students Career and College ReadyNumber of Degrees Conferred (Associate’s & above) per 10,000 of Population
% of Population Age 25-64 with an Associate’s Degree or Higher% or Urban Roads in Poor ConditionValue of Exported Goods per $100,000 of GDPUniversity R&D Expenditures per $1 million of GDPPatents Issued per 100,000 ResidentsVenture Capital Investment per $100,000 of GDPEntrepreneurial Activity (% of people starting a business)
94$0.51 5.8320$12.20 $3,434 31%12841.0%11%$9,474 $5,149 23$144 0.30%
Top 10 Average
Pop Quiz
103$0.59 5.8512$9.42 $6,714 21%11636.8%17%$14,230 $6,557 30$68 0.18%
Michigan
Tax & RegulatoryGovernment Better
INNOVATIVECOMPETITIVE
COHESIVEDISTINCTIVE
INNOVATIVECOMPETITIVE
COHESIVEDISTINCTIVE
INNOVATIVECOMPETITIVE
COHESIVEDISTINCTIVE
30% more patents30% more R&D50% more exports
INNOVATIVECOMPETITIVE
COHESIVEDISTINCTIVE
Career & College Ready
Michigan 21%Top Ten 31%
Educational Attainment
Michigan 36.8%Top Ten 41%
Urban Roads in Poor Condition
Michigan 17%Top Ten 11%
INNOVATIVE
COHESIVE
COMPETITIVE
DISTINCTIVE
INNOVATIVE
COHESIVE
COMPETITIVE
DISTINCTIVE
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