Yes, indeed - cut spending & ELIMINATE the state income tax - phase it completely out over the next 5 years. The ones who want a nanny state can move to New England or the Left coast. Michigan would turn it around very quickly if that happened.
If I were governor I wouldn’t be fixated on green energy and tech jobs. They would be welcome but I would concentrate mostly on inviting good old blue collar manufacturing jobs with tax cuts across the board.
I would be wooing the east coast gun manufacturers with our gun friendly climate, pool of knowledgeable machinists, and relative closeness to the east coast for an easier move.