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

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Presentation on theme: "Mark Kinsler VP, International Business Development Michigan Economic Development Corporation Foreign Direct Investment & Exports."— Presentation transcript:

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

2 Site Selection Survey Results 2012

3 Business Location Decision Factors - The Top 10 Source: 26 th Annual Corporate Survey. Area Development Magazine 2011 2010

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

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7 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…

8 12 Auto Assemblies 2,000 Auto Suppliers

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

10 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

11 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

12 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%

13 Big 3 Production in Perspective

14 Top Ranking Origin Countries (Jobs)

15 Top Ranking Destination States (Jobs)

16 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

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

18 MEDC & Partners: 2011-12 Project Successes

19 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

20 Business Attraction Event Schedule

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22 Michigan International Offices

23 Top Michigan Export Products

24 Top Michigan Export Markets (2012)

25 MEDC Export Sales History

26 FY2013 Export Successes

27 2013 International Trade Shows

28 2014 International Trade Shows

29 Trends Impacting Future Michigan FDI & Export

30 Questions? michiganbusiness.org


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