LANSING, Mich.—A national evaluation of the states released today by Bloomberg ranked Michigan second-best in economic health. State Sen. Mike Green said Michigan’s high standing is the result of reforms taken to turn the state around.
“This is another positive indication that the reforms we were sent to Lansing to accomplish by voters one year ago are already paying off,” said Green, R-Mayville. “It is encouraging that one of the world’s top business and financial information services recognizes that Michigan is back on track to becoming a great place to own and operate a business. The bold reforms and tough decisions we have made have brought long-term budget stability and are transforming Michigan into a pro-jobs state. With every report and study like the one released today by Bloomberg, I am even more committed to helping make Michigan the best place to live and work.”
The Bloomberg Economic Evaluation of States considered indicators such as personal income, tax revenue, employment and housing prices in its analysis, placing Michigan second only to North Dakota, a state in the midst of an oil boom.
The Bloomberg study follows the Fitch Ratings agency upgrade to Michigan’s bond rating outlook last summer.