Gov. Whitmer Highlights Michigan’s Finance, Professional Services, Information Industry Job Growth

22,700 more jobs in these three key industries since the governor took office

LANSING, Mich. – Today, Governor Gretchen Whitmer highlighted growth in Michigan’s financial and professional services job growth since she took office.

“Michigan’s economy continues to diversify, and I am proud of the strong growth we have seen in our finance, professional services, and information industries over the last couple of years, building on our overall economic momentum,” said Governor Whitmer. “In the last few years, we have added 22,700 more jobs in these key industries, offering more Michiganders paths to prosperity in their communities. As we continue growing our economy, we need to attract talent to Michigan, which means having all kinds of jobs to meet business demand and ensure that anyone can apply their skills in our state.”

“We applaud the bipartisan work done by Governor Whitmer and legislative leadership to promote Michigan's financial industry. Michigan’s banks support the economy with consumer, business, and other loans by providing more than 59,000 people with a rewarding place to work,” stated T. Rann Paynter, President & CEO, of Michigan Bankers Association. “Banks have a direct interest in the economic growth, health, and vitality of communities, large and small, all across the state, including $29.6 billion in new home loans, $12.1 small business loans, and service to over 5.9 million customers across the state in 2021.”

Financial Services
Before the governor took office, Michigan had 221,800 jobs in this sector. As of August 2022, there are 238,800 jobs in the sector, a gain of 17,000 jobs. This sector includes job in banking, investing, insurance, and real estate.

Professional and Business Services
Before the governor took office, Michigan had 656,800 jobs in this sector. As of August 2022, there are 661,800 jobs in the sector, a gain of 5,000 jobs. This sector includes jobs in technical services, consulting, and managerial positions in businesses.

Information
Before the governor took office, Michigan had 55,600 jobs in this sector. As of August 2022, there are 56,300 jobs in the sector, a gain of 700 jobs. This sector includes jobs in high-speed internet expansion, data processing, and film, TV, and digital broadcasting.

About Michigan Economic Development Corporation (MEDC)

The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.