Michigan has reached its highest-ever position in CNBC’s annual “Top States for Business” rankings, securing the No. 6 spot in 2025. This marks a significant milestone for the state, reflecting its ongoing commitment to fostering a competitive and business-friendly environment.
The state’s ascent in the rankings has been steady over recent years, moving from 10th place in 2023 to 9th in 2024, and now achieving 6th place in 2025. This consistent improvement underscores Michigan’s dedication to economic development and strategic investments aimed at enhancing its appeal to businesses.
Governor Gretchen Whitmer attributed this success to targeted initiatives in job creation, advanced manufacturing, affordable job training, and infrastructure improvements. “Michigan is on the move, and I am so proud that we just reached our highest ever rank in CNBC’s list as a top ten state for doing business,” Governor Whitmer stated. “We’re on the rise because all across the state, we’re bringing people together to create .
CNBC’s evaluation methodology for the rankings is comprehensive, analyzing 135 metrics across ten categories, including workforce, infrastructure, economy, and cost of living, for a total possible score of 2,500 points. The methodology also considers the emphasis states place on specific factors in their economic development strategies, assigning greater weight to categories that states highlight in their marketing efforts.
In the 2025 rankings, North Carolina secured the top spot overall, followed by Texas and Florida. Michigan’s strong performance, particularly in the “Cost of Doing … where it ranked fourth, highlights its competitive economic environment and the effectiveness of its policies aimed at attracting and retaining businesses.
Michigan’s rise in the rankings is not only a testament to its economic strategies but also reflects broader trends in the state’s economy. The state’s focus on advanced manufacturing, particularly in the automotive and clean energy sectors, has positioned it as a leader in these industries. Additionally, investments in workforce development and infrastructure have created a more conducive environment for business growth and innovation.
As Michigan continues to implement its “Make It in Michigan” economic development strategy, which focuses on winning projects, investing in people, and revitalizing places, the state aims to build on its current momentum. The strategy includes significant investments in talent development, infrastructure, and community revitalization, all aimed at sustaining economic growth and enhancing the quality of life for residents.
The state’s achievements in the CNBC rankings serve as a validation of its efforts and provide a strong foundation for future economic development initiatives. By maintaining its focus on strategic investments and fostering a supportive environment for businesses, Michigan is well-positioned to continue its upward trajectory in national economic competitiveness.
