Michigan is best known as the car capital of the world. Henry Ford started the Ford Motor Company in 1903 with just $28,000. Mr. Ford first built the Model A vehicle that initially sold for $850. Later, in 1939, the Packard Motor Car Company (located in Detroit) manufactured the very first vehicle with an air-conditioning system.
Today the state’s economy is slowly recovering from the crisis that all but destroyed their automotive industry, they lost more than 80,000 jobs.
The auto-industry is making a comeback in the state and intends to add 120,000 jobs over the next 2 years which should help bolster the economy.