WM Overview_2024 Update

TOP INDUSTRIES

JOBS PERCENT

103

Manufacturing

154,611

19.9% 12.6% 9.7% 9.5%

PUBLICLY TRADED COMPANIES

Health Care and Social Assistance

97,945

Government

75,448 73,284

Retail Trade

110+

Admin, Support, Waste Mgt., & Remediation Services

65,733

8.5%

INTERNATIONAL COMPANIES

Accommodation and Food Services

59,028

7.6%

Wholesale Trade

37,001

4.8% 4.7% 4.5%

Construction

36,076 34,659 28,678 23,583 22,400 20,560 13,050 8,378 7,059 6,436 5,868 2,529 2,493

$ 78.2B GROSS REGIONAL PRODUCT

Other Services (except Public Administration) Professional, Scientific, and Technical Services

3.7%

Finance and Insurance

3.0%

Educational Services

2.9%

$ 5.7B EXPORTS VALUE 2022

Transportation and Warehousing

2.7%

Agriculture, Forestry, Fishing and Hunting Arts, Entertainment, and Recreation Real Estate and Rental and Leasing

1.7%

1.1%

0.9% 0.8% 0.8% 0.3% 0.3%

7%

Information

Management of Companies and Enterprises

DATA SOURCES: Lightcast, trade.gov, Factiva Dow Jones

EXPORT GROWTH RATE 2016-2022

Utilities

Unclassified Industry

DATA SOURCE: Lightcast 2023

TOP EMPLOYERS

INDUSTRY

EMPLOYEES

MICHIGAN TAX INFORMATION

Corewell Health

Healthcare Healthcare Restaurant

25,000

Mercy Health Saint Mary's

8,500 7,000 5,600 5,000 5,000 4,500 3,800 3,600 3,500 3,500

Meritage Hospitality Group Inc

NO

Blackmer

Manufacturing

Gordon Food Service Inc

Food Distribution

PERSONAL PROPERTY TAX

Meijer, Inc.

Grocery

Gentex Corporation

Manufacturing Manufacturing Manufacturing Manufacturing

NO

Amway

MillerKnoll

INVENTORY TAX

Perrigo

Farmers Insurance Group

Insurance

6%

Steelcase, Inc.

Manufacturing

3,400

Grand Valley State University

Education

3,300 3,000 2,800 2,500 2,500 2,400

CORPORATE INCOME TAX

University of Michigan Health-West

Healthcare

Grand Rapids Public Schools

Education

TCF Bank

Finance Grocery

PERSONAL INCOME TAX 4.25%

SpartanNash

Arconic, Inc.

Manufacturing

Hope Network

Healthcare

2,200

Challenge Manufacturing

Manufacturing

2,100

DATA SOURCE: State of MI

DATA SOURCE: The Right Place, Inc.

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