Driving Michigan’s Economy

Michigan’s new car dealers make a significant annual contribution to our economy through employment, taxes paid and community involvement.  Consider these numbers…

  • Michigan has about 600 new car dealerships, with an average of 60 employees per dealership.
  • When indirect and induced jobs are added in, that increases to 74,569 total jobs created by Michigan dealerships!
  • $570 MILLION is paid in income taxes (includes income taxes paid for direct, indirect and induced jobs).
  • Michigan dealerships have a $2.0 BILLION payroll.
  • With $17.4 billion in total sales, Michigan dealerships account for nearly 15% of the state’s total retail sales.

These numbers reflect annual economic activity from 2014.  Read more about the annual contribution of dealerships at www.nada.org/StateEconomy.

MI minimum wage increased Jan. 1

Effective January 1, 2016, the Michigan minimum wage rate was increased from $8.15 to $8.50. This new change to state law marks the second of a gradual 25 percent increase of the minimum wage resulting in $9.25 per hour by 2018. New online resources are available at www.michigan.gov/wagehour to help workers and employers understand the facts as the new rate takes effect.

More information is available here.