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Thursday, November 3, 2011

State of Michigan Economy

Michigan ranks 2nd in Bloomberg study of states’ economic health

Michigan’s economic health is second-best in the nation, according to a prominent national ranking released today. 

Bloomberg, a respected global leader in business and financial information, released its first-ever economic health evaluation during a conference in New York City. The Bloomberg analysis considered important indicators such as personal income, tax revenue, employment and housing prices. 

This pure analysis of data has placed Michigan at the top echelon on the ranking, second only to North Dakota, which is experiencing an economic boom fueled by oil exploration. 

Rogers City is contributing to the revitalization of the local Michigan Economy.  The City has spent approximately $10,000,000 over the past two years mostly from federal grant funding and USDA-Rural Development low-interest rate loans to accomplish several major infrastructure projects such as a new water tower, a refurbished wastewater treatment facility, water and sewer mains, and new street lights/improved streetscape.  These projects are paying fair wages to many construction workers in our area and are improving the quality of life for residents and visitors.  

1 comment:

Buy Michigan Online said...

Congratulations to Rogers City...but it's hard for me, as a local business owner and lifetime resident of Michigan, to agree with Bloomberg's ranking. There are some bright spots, but they're few and far between. I recently created <a href="http://www.buymichiganonline.com><b>Buy Michigan Online</b></a>, a website dedicated to "Bringing Michigan Consumers to Local Michigan Businesses." If we're going to succeed, we need to utilize local businesses instead of national corporate chains.

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