The Michigan Turnaround Plan recognizes the importance of making investments to grow the economy, but also the need to prioritize them on growing talent and building infrastructure while paying down debt. The Governor's FY15 Budget Recommendation will give more kids a chance to start school ready to learn, increase college affordability, provide more workers the technical training they need, fix more of our roads and reduce future fiscal liabilities.
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...
Supports investment strategy; urges consensus on long-term transportation funding solution
DETROIT, Mich., February 5, 2014 – “The Governor’s budget reflects how Top Ten states prioritize state spending to grow the economy," said Doug Rothwell, President and CEO, Business Leaders for Michigan. “In our view, state investments should be prioritized in areas that will accelerate the growth of our state such as in education and infrastructure, while paying down debt. The Governor’s budget makes significant investments expanding pre-school education, implementing strong K12 academic standards and assessments, and increasing college affordability – actions that will ensure Michigan has the future talent it needs.
“This budget marks the third consecutive year with an increase in funding for our colleges and universities tied to performance measures, including controlling college costs. We applaud the Governor for proposing this strategic reinvestment in our higher education institutions. While we understand the difficulty in reaching a legislative consensus on road funding and support the Governor’s request for additional one-time repair monies, it does not replace the need for additional long-term funding. We also support continued investments to the Budget Stabilization Fund and other efforts that encourage regions in our state to work together to deliver services efficiently and effectively.”
Michigan's University Research Corridor Makes Strong Showing among Eight Leading U.S. Research Clusters
LANSING, Mich. (Jan. 21, 2014) – Michigan’s University Research Corridor (URC) ranks high among eight university innovation clusters in a new measure that examines R&D spending, research commercialization and talent production, according to a new Economic Impact Report released today.
The URC – consisting of Michigan State University, the University of Michigan and Wayne State University – ranked second in the Innovation Power Ranking when compared to seven other major university research clusters in six states, including well-known hubs such as North Carolina’s Research Triangle Park, California’s Innovation Hubs and Massachusetts’ Route 128 Corridor.
The report, prepared by East Lansing, Mich.-based Anderson Economic Group (AEG), showed that the URC universities conferred 32,483 graduate and undergraduate degrees in 2012, more than any of the university innovation clusters the URC has benchmarked itself against since 2007. The URC also granted the highest number of medical degrees and second-highest number of high-demand degrees overall, saw its research and development spending rise to nearly $2.1 billion and continued to commercialize its research through patents and start-up companies.
DETROIT, Mich., January 16, 2014 — “Business Leaders for Michigan is pleased that Governor Snyder continues to focus on many of the priorities needed to continue Michigan’s turnaround,” said Doug Rothwell, President and CEO, Business Leaders for Michigan. “Our policy priorities for 2014 are continued sound fiscal management, fixing our roads, making college more affordable and accelerating job growth.
“We applaud the Governor’s effort to make Michigan even more welcoming to immigrants. Attracting immigrants with advanced academic degrees or entrepreneurial aspirations will help the state attract investment and create jobs. Another critical step forward is reducing Michigan’s unemployment rate by giving more children the opportunity to get a community college or university degree. To do that, we need to increase access and make college more affordable. We’re hopeful the Governor will recommend enough in his budget to stem the tide of rising tuition and look forward to working with the Administration and the Legislature to make Michigan a “top ten” state for jobs, personal income and a healthy economy.”
It's the time of year when we reflect on what's been accomplished and what's left to do on our respective agendas. At Business Leaders for Michigan, we're excited about the progress MI is making to grow the economy. While we still have work ahead to reach our goal of becoming a Top Ten state, a number of Michigan Turnaround Plan objectives have been met.
During the past year, the state's policy leaders have made strategic decisions necessary to strengthen the state's fiscal foundation. For the third consecutive year, the budget passed and signed into law was based on a two-year plan. In a move toward more efficient and effective public service, the Regional Prosperity Initiative was enacted to encourage regions to collaborate and promote economic growth. To give our children a better chance at success, our policy makers included funding to provide more under-served children access to early childhood education programs, continued implementation of the Common Core State Standards which will prepare our students for careers and college, and provided additional performance funding for our state universities. Earlier actions have made MI more competitive, including reducing state debt, reducing taxes for small and medium-sized businesses, and reducing obsolete or unnecessary regulations.
Our most recent Benchmarking Report tells the story of a state that is recovering faster than most other states. MI's tax climate has flipped from one of the nation's worst to one of the best, and we remain a national leader in R & D and talent production. MI produces 30% more patents, our universities generate about 30% more research and development, and the value of our exports is 50% more than Top Ten states. Our capacity to innovate positions us well to provide more of what the world needs - a key characteristic of Top Ten states.
We will continue to develop strategies that boost our state's leadership in areas such as mobility, engineering, natural resources, and the life sciences. Registration is now open for our Leadership Summit: Building a New Michigan on March 10, 2014 where we will showcase progress being made to leverage the state's unique strengths and ultimately create more jobs.
Happy Holidays from Business Leaders for Michigan!
Doug Rothwell,President & CEO