DETROIT, Mich. —Business Leaders for Michigan (BLM), the state’s business roundtable, today released The Michigan Natural Resources Business Plan: Leveraging Our Assets to Make Michigan a Top Ten State, showing how Michigan could better leverage its strengths in natural resources, from tourism to agriculture and beyond.
Currently, Michigan’s natural resource industries provide over 7 percent of all Michigan jobs, create over $32 billion in GDP, and account for over $400 billion in sales, according to the report. Exports of natural resource industry products from Michigan account for over $61 billion annually.
“Our natural assets are a powerful engine for economic growth,” said Doug Rothwell, BLM President & CEO. “Managed responsibly, with careful attention to long-term environmental impact, Michigan has tremendous opportunities to harness these assets and share them—profitably—with the world.”
Natural resources was one of the six industry clusters identified in BLM’s New Michigan strategy as having the most potential to grow good paying and sustainable jobs in Michigan. The BLM Natural Resources report identifies the industries within our natural resources sector with the greatest opportunity for growth, including tourism and outdoor recreation, agriculture and food processing, timber and renewable energy industries.