Mark Kinsler VP, International Business Development Michigan Economic Development Corporation...

Mark Kinsler

VP, International Business Development

Michigan Economic Development Corporation

Foreign Direct Investment & Exports

Site Selection Survey Results 2012

Business Location Decision Factors - The Top 10

Source: 26th Annual Corporate Survey. Area Development MagazineSource: 26th Annual Corporate Survey. Area Development Magazine

2011 2010

Alabama Michigan Missouri Pennsylvania0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Industrial Engineers

Mechanical Engineers

Engineers, All Other

Electrical Engineers

Materials Engineers

Source: US Dept. of Labor, Bureau of Labor Statistics. Occupational Employment Statistics Program, May 2009 Estimates..

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

Tax Cut80%for

Businesses

Best in the Midwest!

Corporate tax rank #7 from #49

3rd best among the nation’s 12 largest

states

Everyone in Michigan wins…

12 Auto Assemblies 2,000 Auto Suppliers

• Local and State Tax Abatements

• Infrastructure Grants

• Recruitment and Training Assistance

• Land and Facilities

• Job Creation Grants

Incentive Programs

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 4th in corporate expansions & building projects

• In 2013, Michigan was ranked 8th most competitive state for job creation and economic development

• #3 for high-tech job growth

Detroit - The Great Value Play• Detroit is #9 on Brooking Institute’s 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 Detroit’s return to greatness

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%

Big 3 Production in Perspective

Top Ranking Origin Countries (Jobs)

Top Ranking Destination States (Jobs)

Top 10 FDI Countries in Michigan

1. Germany2. Japan3. France4. United Kingdom5. Canada6. South Korea7. Netherlands8. China9. Switzerland10. Italy

FY13 Foreign Direct Investment Successes

40 projects

Over $541 million in investment

4,173 new jobs

19 industries

From 10 countries

MEDC & Partners: 2011-12 Project Successes

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

Business Attraction Event Schedule

Michigan International Offices

Top Michigan Export Products

Top Michigan Export Markets(2012)

Canada; $25.4

Mexico; $10.5

China; $3.2

Germany; $2.0

Saudi Arabia; $1.8Japan; $1.4

South Korea; $1.0

Australia; $0.9

United Arab Emirates; $0.8

Belgium; $0.7 Other; $9.2 Billions

MEDC Export Sales History

FY2013 Export Successes

2013 International Trade Shows

2014 International Trade Shows

Trends Impacting Future Michigan FDI & Export

Questions?

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