Ann Arbor, MI: Business Overview
The University of Michigan and several other universities greatly attract businesses to Ann Arbor. The city’s population is highly educated; about half of residents have a bachelor’s degree or higher. But these educational institutions bring more to the table than a smart workforce. For example, the University of Michigan's research facility places Ann Arbor at the forefront of scientific advancements.
Other bonuses for Ann Arbor businesses are state and federal programs that are designed to attract businesses with incentives and funding. Also, the ease of a far-reaching transportation infrastructure and proximity to Detroit mean that both domestic and international travel and shipping are easy.
Not surprisingly, the University of Michigan makes higher education is the biggest industry in Ann Arbor, but health care is a strong contender, employing more than 18,000 people in three different systems. Automotive research and manufacturing are other large employers in the city; Automotive Components Holdings and Toyota Technical Center employ the most residents.
Ann Arbor hosts businesses of all sizes from all over the world. Whether it's Korea's Hyundai America Technical Center or Germany's Polytec, international companies are making new homes in Michigan. After all, with such amenities, it’s no wonder that businesses are flocking to Ann Arbor.
Even better, watch this video to hear directly from Ann Arbor business leaders about the many reasons they've chosen to grow their companies here.
Look at Ann Arbor’s top employers.