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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...

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Wednesday
Apr232014

Business Leaders Forecast: In Short- and Long-Term, Job Leaders Continue to be More Optimistic about MI Economy than U.S. Economy 

DETROIT, Mich., April 23, 2014Business Leaders for Michigan (BLM), the state’s business roundtable, projects that the Michigan and U.S. economies will grow in the next 6 and 18 months and expects Michigan’s economy to continue to outperform the U.S. economy.

“The good news from this survey is that Michigan’s largest employers continue to be much more optimistic about Michigan’s short- and long-term economic prospects than they were a couple of years ago,” said Doug Rothwell, President and CEO.  “Job providers continue to be bullish on the state’s economic prospects and are backing it up with increased hiring and investment. More than half of Business Leaders for Michigan companies are forecasting increased investment in Michigan over the next six months.

Highlights of the survey of Business Leaders for Michigan include:

  • Fifty-four percent of business leaders believe Michigan’s economy will grow while only 34% forecast the U.S. economy will grow the next six months.  None believe the economy will get worse over the next six months.

  • Optimism continues to be high for Michigan’s economy in the long-term, outpacing optimism for the national economy with 71% of Michigan’s business leaders believing the state’s economy will grow compared to only 46% of business leaders forecasting the U.S. economy will grow in the next 18 months.

 

  • Fifty-four percent of business leaders project that their companies will add jobs in the next six months in Michigan and over a half believe they will make capital investments in Michigan.

The results reflect a survey of Business Leaders for Michigan’s 80 executives, the state’s largest private sector job providers that represent nearly one-quarter of the state’s economy. 

Quarterly Economic Outlook Reports are available at businessleadersformichigan.com/research-and-reports.

Wednesday
Apr092014

Making College More Affordable

Recently, the House and Senate Higher Education Appropriations subcommittees passed their budget recommendations for next year, tying funding to university performance and tuition cost restraint. We want to thank our legislative leaders for their commitment to make college more affordable for Michigan families

The Senate Higher Education Appropriations Subcommittee, chaired by Senator Tonya Schuitmaker, agreed with the Executive Budget recommendation and approved a funding increase of 6.1%. In a letter, Senate Majority Leader Randy Richardville expressed his strong belief that this investment is critical for our state's future prosperity. While the House recommendation was lower than the Executive recommendation, Chairman Al Pscholka and Majority Vice Chair John Walsh both indicated that this was the first step in the process and there was more work to be done.

BLM's view: As the budget process moves forward, we are hopeful that the House and Senate will agree to fund our public universities at least at the level in the Executive Recommendation. We need a strong higher ed system to help strengthen Michigan's workforce -- for both young high school graduates and workers in need of retraining and development. The only surefire way of keeping higher ed affordable for everyone is to ensure strong public support. Please contact your state legislators and urge them to support the Governor's budget recommendation for our public universities.   

Thursday
Apr032014

State’s made solid gains. More work ahead.

BLM rolls out new Michigan Turnaround Plan and public awareness campaign

DETROIT, Mich., April 3, 2014 — Five years after the launch of its strategy for growing Michigan’s economy, Business Leaders for Michigan (BLM) today unveiled plans for continuing the state’s progress toward more jobs, higher incomes, and a healthy economy.

"About one-third of the original Michigan Turnaround Plan has been accomplished, with impressive results,” said Jeff M. Fettig, Chair, Board of Directors, Business Leaders for Michigan and Chairman & CEO, Whirlpool Corporation. “Michigan’s made significant gains in employment and income growth, and our GDP and population are coming back up too.  But our competitors in the U.S. and across the world aren’t standing still.  We’ve got to pivot, refresh, and realign behind an updated strategy that reflects current realities.”

The updated Michigan Turnaround Plan (MTP) is a fact-based roadmap to help Michigan become a Top Ten economic competitor.  First released in 2009, the MTP was developed by the state’s top business and education leaders.

Click to read more ...

Monday
Mar102014

In 2012, “New Michigan” jobs grew twice as fast as the state as a whole

DETROIT, Mich., March 10, 2014 — Strategies for accelerating the state’s economic transformation took center stage in East Lansing today, as nearly 500 business and policy executives came together to discuss ways to build a New Michigan economy. 

Hosted by Business Leaders for Michigan (BLM), the second annual leadership summit offered a forum for participants to hear about the state’s recent progress in six areas identified in BLM’s New Michigan strategy as having the greatest potential to grow good jobs quickly and a sustainable economy.  A detailed report providing updates was also released today. 

“We are seeing excellent progress in these New Michigan opportunity areas; in fact, they are growing jobs at twice the rate of the state as a whole,” said Doug Rothwell, BLM President and CEO. “While we are seeing positive gains, it’s crucial to put an even greater focus on these areas. Properly leveraging our strongest assets will accelerate growth in our state, grow jobs and earnings and create an economy that is less susceptible to economic downturns.”

Click to read more ...

Friday
Mar072014

Accelerating Job Growth via Investments in Higher Ed

How do we keep our recent job growth success going?  One way is by giving more kids a chance to earn technical or college degrees.  All the data says we'll need more workers with an education beyond high school in the years ahead and that they will make and work more over their careers than those with just a high school degree.

But in Michigan, we've made it harder for kids to get the education they need.  We went from being a Top Ten to a Bottom Ten state for college affordability over the past decade due to a dramatic decline in state support.  The result was a cost shift to students and parents at a time when they could least afford it. 

The state began modestly reinvesting in college education the past two years.  This year, Governor Snyder proposed a 6% increase that would keep tuition at or below the rate of inflation.  BLM strongly supports the Governor's proposal and urges you to call your legislator and ask them to do the same.  Nothing could better help us fill the jobs of the future.

 Richardville Support for Higher Ed 03.18.14

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