Unlike the Titanic, Michigan is turning — fast!
…long in decline, Michigan is finally on the way back. Really. If you’re looking to start a new business; launch a new venture; or, are looking for people eager to work with you, Michigan is it.
You have heard the ugly. This past decade, with a population of just over 10,000,000 people, Michigan lost nearly 1,000,000 jobs; a quarter of those in 2009 alone. Yes, it has been ugly here—for some time. For most of the decade more people departed Michigan than arrived.
You may wonder then if I’m daft, stating: If you’re launching a new business; you want to be where others want to be; you need to consider Michigan.
States are like the Titanic avoiding an iceberg. Their ability to change direction is often too late, too slow, and ineffectual. For a long time, Michigan looked to be following right behind the Titanic. Yet, incredibly, the state has been changing course faster than any might have thought possible—including those living here.
- “The 20 Best States for Job Growth” (Newsweek Daily Beast, 8/25/2011)
Ranked 1st Place with net unemployment change of –1.99%
- “Michigan Ranks 2nd Nationally in Economic Health,” “Surpasses 48 States…2nd Fastest Growth…” (Bloomberg Businessweek (11/2/2011)
- “US patent office plans satellite site in Detroit” (Chicago Tribune, 1/11/2012)
First-ever patent office outside of Washington D.C.
- “Michigan Added Most High-tech Jobs in Nation in 2009-10″ (The Detroit News, 10/06/2011)
The bullets…well, they are just the tip of the iceberg (I could bury you in this sort of stuff). The key: these are big positives, highlighting a very viable region you might not have considered before.
Here’s The Kicker
Annually, Atlas Van Lines releases their annual study of Migration Patterns across the US and Canada. Unsurprisingly, Michigan has been what they call an Outbound state, defined as, “More than 55% of total shipments moved out of the state.”
For the first time, in six years, Michigan is now classified as a Balanced state, defined as, “Inbound and outbound individually represent 55% or less of total shipments.
So, if you haven’t before, consider Michigan for your new startup, your new high-tech venture. There is a lot of change going on here. It’s dynamic. Its palpable. And, yes, it’s Pure Michigan!