Business Leaders for Michigan is an organization dedicated to making Michigan a "Top Ten" state for jobs, personal income and a healthy economy. Serving as the state's business roundtable, Business Leaders for Michigan is composed of the chairpersons, chief executives or most senior executives of the state’s largest job providers and universities. Read more...
July 11, 2013
The Honorable Bill Rogers
Chair, House School Aid Appropriations Subcommittee
P.O. Box 30014
Lansing, MI 48909-7514
The Honorable Howard Walker
Chair, Senate School Aid Appropriations Subcommittee
P.O. Box 30036
Lansing, MI 48909-7536
Dear Chairman Rogers and Chairman Walker:
I am writing to express our organization’s support to further explore the ideas regarding consolidation of several administrative and academic functions at the Intermediate School District (ISD) level as outlined by Superintendent for Public Instruction Mike Flanagan.
Business Leaders for Michigan developed the Michigan Turnaround Plan, a six-step comprehensive, holistic strategy to make Michigan a Top Ten state for job, economic and personal income growth. One of the steps calls for providing effective, efficient government services, and a key recommendation under this step is to accelerate the consolidation of schools where appropriate and the sharing of school services to direct more resources to student learning. Intuitively, it seems unnecessarily duplicative that 550 school districts should house separate information technology, accounting, and other administrative functions. The concept of consolidating these functions at the county level should be given a full review to determine if it will provide greater efficiency and savings.
On behalf of Business Leaders for Michigan, I respectfully encourage you and your colleagues to give serious consideration to these ideas.
President & CEO
cc: The Honorable Rick Snyder, Governor
The Honorable Brian Calley, Lieutenant Governor
The Honorable Jase Bolger, Speaker of the House
The Honorable Randy Richardville, Senate Majority Leader
The Honorable Tim Greimel, House Minority Leader
The Honorable Gretchen Whitmer, Senate Minority Leader
The Honorable Joe Haveman, State Representative
The Honorable Roger Kahn, State Representative
Mike Flanagan, State Superintendent of Public Instruction
Return on investment exceeds all expectations
DETROIT, Mich., June 17, 2013 – The Renaissance Venture Capital Fund (RCVF), Michigan’s innovative venture capital fund-of-funds, today announced that its initial investment of $16.7 million has led to a total venture capital investment of nearly $300 million in 20 new Michigan companies and the creation of hundreds of high-wage jobs, helping to make Michigan the fastest growing state in the nation for venture capital. Since RVCF’s formation in 2008, venture capital has grown nationally a mere 3% while venture capital investment in new Michigan companies has grown 69%.
Smart investing and creating connectivity are the keys to the success of the RVCF, said CEO Chris Rizik, “We provide capital that increases entrepreneurial activity and we connect young innovative start-ups with Michigan’s established companies, to the benefit and financial success of both parties. We have a proven model for expanding innovation, growing jobs and earn solid returns for our investors.” RVCF invests in the venture capital funds around the US and then engages those funds with Michigan’s strong technology and entrepreneurial base, with the goal of increasing profitable investment in Michigan and creating new opportunities for Michiganders.
According to Lumina Foundation, Michigan is facing a talent shortage of over 900,000 workers with more than a high school degree by 2025. A failure to produce this number of educated workers will risk MI's ability to grow jobs and incomes as our businesses struggle to find talent. We cannot produce enough talent to meet projected needs by increasing in-state enrollments alone. To produce a dynamic and skilled labor force, and enable MI businesses to compete effectively in the global marketplace --we need immigration reform. The absence of an immigration reform policy has hurt our economy by making it harder for our companies to find the talent they need to grow and create more jobs right here in Michigan.