2012 BLM Benchmarking Report Affirms State Economy is Improving, but Still Short of Top Ten Status
DETROIT, Mich., December 20, 2012—Michigan has outpaced most of the nation in terms of recent economic growth and many trends are headed in the right direction, but its performance on most key indicators fall short of being a Top Ten state leaving its long-term recovery still uncertain, according to an economic benchmarking report released today by Business Leaders for Michigan (BLM).
The report continues to build on BLM’s extensive, fact-based research into state-level performance trends. BLM’s Michigan Turnaround Plan is developed using this benchmarking analysis.
“Our recovery is moving faster than in most states, but we also had much further to climb,” said Jim Nicholson, President & CEO, PVS Chemicals Inc. and BLM Chair. “We’ve had some successes, particularly in the areas of responsibly managing our state finances and creating a more competitive business tax environment. The Governor, legislature and many business and community leaders deserve credit for the work of the past few years. What matters now is that we build on those successes and move even more rapidly toward lasting economic growth.”