Michigan’s economy is historically anchored by manufacturing, particularly the automotive industry, which still plays a massive role in the state's commercial landscape. However, the business ecosystem has heavily diversified.
* **Automotive & Advanced Manufacturing:** Southeast Michigan (Metro Detroit) remains the global epicenter of automotive research, design, and assembly. * **Technology & Innovation:** Ann Arbor is a major hub for tech startups, autonomous vehicle research, and software development, bolstered by the University of Michigan. * **Agriculture:** Michigan is the second most agriculturally diverse state in the U.S. behind California, leading the nation in tart cherries, blueberries, and dry black beans. * **Tourism:** A multi-billion dollar industry centered on the Great Lakes coastlines, Mackinac Island, and northern ski resorts. * **Office & Retail:** The state features major business districts in Downtown Detroit, Grand Rapids, and Troy, alongside expansive retail corridors and prominent regional shopping centers like the Somerset Collection.