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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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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

Tuesday
Feb182014

Business Leaders Forecast: MI and U.S. Economies Expected to Grow in Short and Long Term

The state’s largest employers add jobs and invest in Michigan in 2013

DETROIT, Mich., February 18, 2014 – Business Leaders for Michigan (BLM), the state’s business roundtable, expects the Michigan and U.S. economies to both grow in the next 6 and 18 months and expects Michigan’s economy to continue to grow faster than the U.S. economy.

“The state’s largest job providers continue to believe Michigan will out-perform the national economy over the next year and a half,” said Doug Rothwell, President & CEO.  “Optimism about the economy rose sharply in the last quarter due partly to the resolution of federal budget and debt ceiling negotiations and strong year-end financial reports from major Michigan employers.” 

Highlights of the survey of Business Leaders for Michigan include:

  • Sixty four percent of business leaders believe Michigan’s economy will grow and none believe it will get worse while only 51% forecast the U.S. economy will grow the next six months.  

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Wednesday
Feb122014

Investing to Accelerate Michigan's Growth

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.

The Executive Recommendation recognizes that MI needs more workers with an education beyond high school than ever before by strategically investing in higher education. It proposes increasing funding for our colleges and universities by $8.9 million and $80.3 million, respectively - tied to performance measures, including controlling college costs.  The additional dollars would be allocated based on how well each meets rigorous performance metrics. 
 
BLM's view: The Executive Recommendation is a sound budget proposal that reflects how Top Ten states prioritize state spending to grow the economy.  We urge the Legislature to support it as it not only serves our students and families well but also ensures MI has the future talent it needs.
  
Wednesday
Feb052014

Business Leaders for Michigan applauds Governor Snyder's 2015 budget recommendation

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.”

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Download the press release. 

 

Tuesday
Jan212014

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.

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