ND, SD, and Nebraska traditionally have had a good business climate.
What do you take that term to mean?
Business climate can in very general terms be taken to mean that which attracts business. By that definition if they are losing business in both absolute and relative terms and have been doing so for a sustained amount of time, than they don't have a good business climate.
But the term could be definined in a different way, for example to focus on government action (regulatory climate, tax climate) or the situation involving workers (appropriate skills, pay isn't too high, flexible labor situations, lack of powerful unions). All those things are factors, so is the presence of suppliers, easy access to customers, and other things.
The easiest for the government to change is the government factors. MI has a bad tax/regulatory and (government supported) labor climate. Maybe ND and SD have a much better climate, I'm not sure. If so, and their losing business, presumably they have some other type of problem. |
