Future of Business in Michigan-select a Michigan city (or neighborhood within a large city) that you believe has potential for future business growth. Then investigate the city business environment

Future of Business in Michigan

According to the Michigan Future Business Index, Michigan business owners are optimistic about Michigan’s future business climate and their perceptions have improved over the past six months in several categories.

Yet there have also been national reports that portray Michigan business climate in a less favorable light.

For this paper, select a Michigan city (or neighborhood within a large city) that you believe has potential for future business growth. Then investigate the city business environment and prepare a report that highlights opportunities and incentives for future business in that city. Some categories you might consider are listed below.

Possible Considerations for Future Business Growth

Infrastructure –

Transportation networks – transit, product distribution, supply acquisition

Financial networks – investors (local? U.S.? Global?)

City maintenance, cost of city services

Communication

Business Environment –

Types of businesses (Finance, manufacturing, service, cultural); Mix of business

Any specific industry that might be entrenched there

Are new businesses/industries considering location there

Information Technology support services

Politics

Business tax environment

Labor Markets –

Are labor resources readily available? If so, what are the skill sets?

Education and training – are networks in place?

Social Environment – Can consider this from both labor resources and customer viewpoints.

Residences? Restaurants? Shopping? Cultural events? Medical care?