† Index of state's average revenue/kilowatt hour.
Michigan is the only state in the SBE Council's top 10 that is currently in a recession. That's because taxes are fairly low all round with the exception of the state's onerous property taxes. "Michigan is having its economic challenges as it transitions into other industries in order to replace the strength of the automobile industry that once was," Kerrigan says. "The good news is that it's still a good place to do business in terms of the policy climate and the workforce."