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Michigan is the home of the automobile – and don’t forget it, MICHauto report touts at auto show

By Dustin Walsh

January 11, 2013

The Detroit Regional Chamber‘s MICHauto advocacy group will flex its economic development might at this year’s North American International Auto Show.

As you read, or will read here, a small army of federal figureheads and officials from various states will be in town for the auto show to battle over automotive economic development prospects. The DRC is there representing the Great Lakes state.

Its mission is to remind manufacturers, suppliers and any other ancillary automotive business that Michigan is the home of the automobile.

Last Thursday, MICHauto released its “Michigan is Auto: Assets of the Motor State” report — which it will distribute at the show.

Here are some highlights of the research:

  • Michigan is home to more than 65,000 engineers, including more industrial and mechanical engineers than any other state in the U.S.
  • More than 13,500 automotive manufacturing jobs were created between 2010 and 2012 — or 12 jobs every day for three years.
  • 22 percent of cars and trucks are produced in Michigan, with a projected 2.3 million vehicles rolling off assembly lines in 2012.
  • More than 3,000 industrial properties and vacant lots are available at an average asking price of $21.90 per square foot and an average lease rate of $4.28 per square foot.
  • Since 2010, 78 new automaker and supplier companies have been founded in Michigan.
  • Between 2010 and October 2012, automakers and suppliers invested $10.6 billion in Michigan.

To read the full study, click here.