With the economic meltdown and general poor performance of the manufacturing sector one might get the idea that new businesses aren’t thriving in Michigan. Fortunately, this isn’t true. Many new Michigan businesses are thriving and the types of companies that do business within its borders are diversifying.
Manufacturing is making a comeback. GM just posted a 3.2 billion dollar profit for the first quarter of this year, not too shabby. Mean while Ford and Chrysler have both been doing well, so it looks like the big three are back. Other Michigan manufactures are doing well too. What was once ground zero of the recession seems to be having a spring growth spurt. Technologically advanced manufacturing companies such as carbide die manufacturer RCD have also seen significant gains. There is a large and skilled work force located in the metro Detroit area that provides plenty of room for growth. The manufacturing process for making carbide dies requires works with a grasp of mathematics and complex machining. This skill set often includes the ability to program CNC machines (computer numeric controls) and the integration of these machines with CAD software. These skill sets are often hard to find in developing nations where lower wages have pushed business overseas.
Traverse City represents a bright spot and a different path in Michigan’s economy. This scenic area lacks manufacturing and has traditionally been known for tourism. However a thriving service sector has flourished in this northern city. Traverse City interior design companies have gained recognition for excellent work, while other companies have sprung up to facilitate a healthy real estate market like this Traverse City Title Company.
Michigan is a state that has seen the worst of what a bad economy can bring, yet has proven to be resilient despite its recent down turns. This is a state the rest of the US should keep an eye on though, if Michigan businesses can figure out a way to prosper, then that is a model worth noticing!

Carbide Dies from MI Die Manufacturer

