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Chief Executive Magazine: Michigan 45th for doing business

LANSING (WKZO) -- Michigan's business climate is among the worst in the nation according to the annual "Chief Executive" magazine "Best & Worst States For Business" survey.

The survey asks CEOs about a variety of critical measures including tax and regulatory climate, the quality of the workforce and the quality of the living environment. Michigan was ranked 45th best, far behind Indiana in ninth, Iowa in 19th and Ohio in 27th.

In February, Governor Snyder spoke to "Chief Executive" magazine and noted the state's business tax climate has gone from 49th nationally to seventh-best and added Michigan has the sixth-fastest growing economy in the country.