Schuitmaker: Bloomberg study ranking Michigan second-best shows reforms effective

LANSING, Mich.—A national evaluation of the states released today by Bloomberg ranked Michigan second-best in economic health. The Bloomberg Economic Evaluation of States considered indicators such as personal income, tax revenue, employment and housing prices in its analysis, placing Michigan second only to North Dakota, a state in the midst of an oil boom.

State Sen. Tonya Schuitmaker, R-Lawton, released the following statement in response.

“Today’s Bloomberg economic evaluation should give Michigan residents optimism that the bold reforms we have taken to help turn around our state’s economy are working. By lowering the tax burden on the small businesses that employ the vast majority of workers and providing for a stable, long-term budgeting process, we’re helping to create an environment where job providers are confident in the future and eager to grow here. I share in the optimism and will continue to pursue reforms that will help reinvent Michigan.”

The Bloomberg study follows the Fitch Ratings agency upgrade to Michigan’s bond rating outlook last summer.