Mark Kinsler VP, International Business Development Michigan Economic Development Corporation...
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Transcript of 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?
michiganbusiness.org