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NAR Area VI Native Market Assessments: Michigan and Ohio


Cover of the Local Market Assessment report for NAR Region VI: Michigan and Ohio

Michigan

Michigan’s central location, shared border with Canada, international gateway delivery entry, and popularity as a producing powerhouse all assist to make the state a nationwide chief in attracting inbound overseas direct funding (FDI) and the roles that include it. Michigan’s foreign-owned firms function in hundreds of places all through the state.

Because the birthplace of the auto trade, Michigan is constructing on its wealthy manufacturing heritage and technological know-how to develop progressive, high-tech merchandise of the longer term. In doing so, it’s diversifying its economic system and specializing in creating sectors akin to aerospace, various energies, medical machine know-how, engineering design and improvement, and next-generation transportation—together with autonomous car and mobility testing infrastructure.

Serving to to assist all this enterprise is a rising and thriving immigrant group. Practically 700,000 immigrants name Michigan residence and characterize $20.3 billion in family spending energy. Immigrants additionally play an outsized position as enterprise homeowners, particularly amongst small, unbiased companies.

Ohio

Ohio has been a melting pot for the foreign-born for hundreds of years. Immigrant employees performed a key position in initially establishing Ohio as one of many manufacturing capitals of the Midwest—and nonetheless do. Upon arriving within the U.S., they set up new houses in numerous ethnic neighborhoods of the good Ohio cities. Waves of immigration, together with some from stunning locations, have washed upon these cities, ever altering the face of Ohio.

What has modified over the centuries is the expanded position that immigrants play in Ohio society. Worldwide firms now personal a number of the largest manufacturing services within the state and are amongst Ohio’s largest employers. Immigrants nonetheless come to Ohio for alternatives, with many working their very own firms. The American Immigration Council stories that 5% of self-employed enterprise homeowners in Ohio are immigrants.

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