Midland County Business Index
The Business Index can be measured by analyzing the primary employers in the county and the number of employees and types of businesses. Additionally, examining Employment and Salary by Industry provides an in depth look at who works in the County.
Why This Indicator is Important
Healthy economies are characterized by deep, diverse representation of employers in their business indexes. Healthy economies employ workers in jobs of varying complexity, educational demands, and offer an appropriate spectrum of personal and professional rewards. In recent years, the state of Michigan has begun using the Work Keys is a workplace skills assessment system developed by ACT for all high school students, which offers assessments to measure the current skill levels of workers, as well as occupational profiles and job profiles to document the skills required by occupations and specific jobs. Work Keys has become part of a career development system used by employers and educators to assess job qualifications. For specific information, see: http://www.act.org/workkeys
How Are We Doing?
Large businesses and public employers represent the largest number of employers (employers with 300 or more workers and Employment by Industry). These large private and public firms provide large workforces but as they are connected to the market, so is Midland County, and the economic vitality of the community. The diversity of the employers is not evident, although the products and smaller firms that support these Fortune 500 companies and other large companies is quite diverse. Medical, education, and manufacturing employ the most persons. The other caveat is the the educational levels that these large firms require create a wealthier economy but the number of positions for non-college graduates becomes and issue.