Trade & Business OpportunitiesBetween Michigan and India

Michigan Approach

• Business-friendly tax andregulatory environment

• Level playing field

• Market-based solutions

NOTgovernment

picking winnersand losers

2

Positive Change for Business

• Business taxes lower than at any time in decades

• Michigan voters passed phase-out ofPersonal Property Tax

• Burdensome regulatory processes streamlined andeliminated

• Erased $1.5 billion state budget deficit

• Repaid $3.2 billion Unemployment Trust Fund balance

3

Everyone in Michigan wins…

Corporate tax rank#9 from #49

Overall tax rank#12 from #18

3rd best among thenation’s 12 largest

states

At Least80%

Tax Cut forBusinesses

Everyone in Michigan wins…

Regulatory Reinvention

Revising and removing outdated/burdensome rules thatblock innovation, growth and job creation...

More than 1,500 AND COUNTING!

Workers’ compensation premium rates decreasing

Unemployment Trust Fund in the black

Reinventing Performance in Michigan (RPM)

Focused & BalancedApproach

• Business Growth & Investment• Talent Enhancement

• Vibrant and Reinvigorated Communities• Michigan’s business and tourism image

An

$8 billioninitiative

Business-to-Business (B2B) Networkvalue added services (not tax credits) for growingsmall and medium-sized Michigan companies

(www.puremichiganb2b.com)

Why?

• New Michigan Business2012-2016 = $8 Billion

• $200,000 Increase in NewBusiness = 1 New Job

• $8 Billion = 40,000 Jobs

Top Academic Institutions & Quality of life

•35+ academic institutions• Public & Private

•Strong high education and research institutions

•Highly skilled and experienced workforce

•Strong Mid-West business culture

•High Quality of Life and Amenities

Michigan is America’s comeback state

• Michigan is the most improved state of 2014 for facing challenges of 21st

century competition for jobs and business investment.

• 295,000 jobs have been added since Dec. 2010.

• Unemployment down to 6.4 percent in Dec. 2014 from 14.2 percent in June2009.

• Michigan leads nation with 120,000 new manufacturing jobs since 2009.

• Top five state two years in a row for major new corporate facilities andexpansions

• Michigan venture capital community outpacing national trend, with 35 VC firmsmanaging $4 billion in capital.