According to a recent analysis by CNBC, Michigan was named one of the top states for business competitiveness and success.

This is the fifth time the state has been selected in the top 10 since 2019.

“Michigan is a place where everyone can succeed,” said Gov. Whitmer. “I’m proud of the work we’ve done to make this ranking possible, such as creating jobs, bringing advanced manufacturing home, preparing our workforce, and lowering costs. This national recognition is a sign that Michigan is on the move, and when people do business here, they win big. Let’s keep rolling up our sleeves and getting things done for every Michigander.”

CNBC’s rating system is based on a computation of 138 metrics within 10 categories: infrastructure, economy, workforce, quality of life, cost of doing business, technology and innovation, business friendliness, access to capital, education and cost of living.

Michigan’s highest rating was cost of doing business, in which it was fourth best in 2026. Its worst category was education at 29th.

The top five states were Ohio, North Carolina, Virginia, Texas and Minnesota. Other Great Lakes states included Indiana (10th), Illinois (12th) and Wisconsin (22nd).

See the full rankings here: https://www.cnbc.com/2026/07/09/americas-top-states-for-business-full-rankings.html.