Michigan’s business tax structure has moved from 49th best in the nation to seventh, according to projections by The Tax Foundation, Gov. Rick Snyder announced Monday at a meeting of the Detroit Economic Club.
The governor said the Washington D.C.-based research group has projected where Michigan will fall when it releases nationwide rankings this summer. The state’s overall business climate will move from 18th place to 12th due to Republicans’ major tax overhaul and other reforms, he said.
Michigan must continue the hard work of recovery and not rest on its laurels, Snyder cautioned a packed ballroom at the Westin Book Cadillac Hotel in Detroit.
“Michigan is coming back and we’re coming back strong,” he said. “(But) Michigan has been going through a period of decline over the past 30 to 50 years, so just coming back isn’t good enough. We need to build a new path, a reinvented path of how we operate. We can’t afford the old attitude of taking things for granted.”
Snyder said he looks to Detroit’s auto industry as a role model for Michigan’s continued economic recovery.
“It’s about fire and passion,” Snyder said. “We’re following their path.”
Snyder, who just weeks in the run-up to Michigan’s Feb. 28 primary still has not endorsed a Republican presidential candidate, said he will make that announcement this week. The Detroit Economic Club Thursday will host Republican presidential candidate Rick Santorum., and Gov. Mitt Romney on Feb. 24 at Ford Field.
Snyder gave a call out to Detroit Mayor Dave Bing, who was seated in the audience. He said public safety and partnering with local governments and school districts in tough financial straits will be key areas of focus in 2012.
“We need to provide basic services to our citizens,” Snyder said. “How can we provide police and fire, getting the trash picked up, good government services.”
The governor said Michiganians needs to fix their attitude to continue to move forward.
“Let’s talk about the good things that are going on in Detroit,” Snyder said. “The biggest single challenge we have is our culture.
“We spend too much time looking in the rearview mirror. Michigan’s best days are not behind us, they’re ahead of us.”