Mark Kinsler VP, International Business Development Michigan Economic Development Corporation Foreign Direct Investment & Exports.

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Presentation transcript:

Mark Kinsler VP, International Business Development Michigan Economic Development Corporation Foreign Direct Investment & Exports

Site Selection Survey Results 2012

Business Location Decision Factors - The Top 10 Source: 26 th Annual Corporate Survey. Area Development Magazine

Michigan has more than 87,000 Engineers for the Auto Industry

Tax Cut 80% for Businesses Best in the Midwest! Corporate tax rank #7 from #49 3 rd best among the nations 12 largest states Everyone in Michigan wins…

12 Auto Assemblies 2,000 Auto Suppliers

Local and State Tax Abatements Infrastructure Grants Recruitment and Training Assistance Land and Facilities Job Creation Grants Incentive Programs

The Comeback Started in 2010 Michigan leads skilled labor growth in 2010 with additional 57K manufacturing jobs Michigan added 220,000 jobs in last three years By 2012, Michigan accelerated to 4 th in corporate expansions & building projects In 2013, Michigan was ranked 8 th most competitive state for job creation and economic development #3 for high-tech job growth

Detroit - The Great Value Play Detroit is #9 on Brooking Institutes list of nations best recoveries after Great Recession $10 billion invested over past five years in commercial, industrial and residential properties Bankruptcy opens the door to restructure Restructuring removes the last obstacle to Detroits return to greatness

Sales Up for Michigan Automakers July sales up 14%; best in seven years Increased year-to-year sales for all domestic automakers Double-digit sales gains including: – General Motors: Sales up 16% – Ford: Sales up 11% – Chrysler: Sales up 11%

Big 3 Production in Perspective

Top Ranking Origin Countries (Jobs)

Top Ranking Destination States (Jobs)

Top 10 FDI Countries in Michigan 1.Germany 2.Japan 3.France 4.United Kingdom 5.Canada 6.South Korea 7.Netherlands 8.China 9.Switzerland 10.Italy

FY13 Foreign Direct Investment Successes 40 projectsOver $541 million in investment4,173 new jobs19 industriesFrom 10 countries

MEDC & Partners: Project Successes

FY14 Goals Successes so far 10% Increase from last year $595,100,000 in investments 4,590 new jobs 730 jobs $36 million in investment 7 projects 7 project commitments $101 mill. in investment, 797 jobs

Business Attraction Event Schedule

Michigan International Offices

Top Michigan Export Products

Top Michigan Export Markets (2012)

MEDC Export Sales History

FY2013 Export Successes

2013 International Trade Shows

2014 International Trade Shows

Trends Impacting Future Michigan FDI & Export

Questions? michiganbusiness.org