Trade & Business Opportunities Between Michigan and India

Michigan Approach Business-friendly tax and regulatory environment Level playing field Market-based solutions NOT government picking winners and losers 2

Positive Change for Business Business taxes lower than at any time in decades Michigan voters passed phase-out of Personal Property Tax Burdensome regulatory processes streamlined and eliminated Erased $1.5 billion state budget deficit Repaid $3.2 billion Unemployment Trust Fund balance 3

Everyone in Michigan wins… Corporate tax rank #9 from #49 Overall tax rank #12 from #18 3 rd best among the nation’s 12 largest states At Least 80% Tax Cut for Businesses

Everyone in Michigan wins… Regulatory Reinvention Revising and removing outdated/burdensome rules that block innovation, growth and job creation... More than 1,500 AND COUNTING! Workers’ compensation premium rates decreasing Unemployment Trust Fund in the black Reinventing Performance in Michigan (RPM)

Focused & Balanced Approach Business Growth & Investment Talent Enhancement Vibrant and Reinvigorated Communities Michigan’s business and tourism image

An $8 billion initiative Business-to-Business (B2B) Network value added services (not tax credits) for growing small and medium-sized Michigan companies (

Why? New Michigan Business = $8 Billion $200,000 Increase in New Business = 1 New Job $8 Billion = 40,000 Jobs

Top Academic Institutions & Quality of life 35+ academic institutions Public & Private Strong high education and research institutions Highly skilled and experienced workforce Strong Mid-West business culture High Quality of Life and Amenities

Michigan is America’s comeback state Michigan is the most improved state of 2014 for facing challenges of 21 st century competition for jobs and business investment. 295,000 jobs have been added since Dec Unemployment down to 6.4 percent in Dec from 14.2 percent in June Michigan leads nation with 120,000 new manufacturing jobs since Top five state two years in a row for major new corporate facilities and expansions Michigan venture capital community outpacing national trend, with 35 VC firms managing $4 billion in capital.