The US acquired most of the region of Michigan from the British after the Revolutionary War. The state itself borders on four of the five great lakes and is broken up into two distinct and non-contiguous parts known as the upper and lower peninsulas. Michigan's capital city Lansing and largest city Detroit are both located on the lower peninsula. The state has over 10,000 inland lakes and over 3,000 miles of great lake coastline, making it a prime location for fishing and water recreation. Michigan is the national leader in the production of motor vehicles and parts, with manufacturing in general being a large driver of the state’s economy. The state also produces a number of important minerals such as iron, copper, and iodine. Small businesses could also do well tapping into the nearby Chicago market.
Small businesses can thrive here due to the state’s reasonable taxes and its low cost of living. The state’s economy has been moderate in recent years, but Michigan’s trajectory is promising and has been consistently growing more prosperous since 2012.
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