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Michigan Business BlogKeep abreast of current issues affecting Michigan’s competitiveness, both nationally and around the globe, and learn what the private sector is doing to stimulate and grow our economy.

You can also learn more about Business Leaders for Michigan’s (BLM) latest initiatives and find out how you can help make Michigan a "Top Ten" state once again.

Tuesday
Jul142015

Letter to Michigan Legislative leaders about road funding plans 

Memo

To:  Michigan Media

From: Kelly Chesney, BLM VP of Marketing and Communications

Date: July 14, 2015

Re: Letter to Michigan Legislative leaders about road funding plans

Business Leaders for Michigan (BLM), the state’s business roundtable, delivered the attached letter to the leaders of the Michigan House and Senate outlining our stance on the road funding proposals passed by the Legislature.

Both the House and Senate plans rely on redirecting at least $700 million of income tax revenue from the General Fund to transportation. Permanently shifting such significant General Fund revenue to roads will no doubt have a negative impact in other areas that are critical to Michigan's growth - areas like job training and higher education - that are essential to developing the talent Michigan employers need to compete. 

As the voice of many of Michigan’s largest job providers, we ask that our legislators to act swiftly and cohesively to address the long-term funding demands of our transportation system while protecting the critical services our residents rely on and the important programs which bring good-paying jobs to our state.  

Click here to download the letter 

Tuesday
Jul072015

Let's Fund Roads the Right Way

We've been here before. Last year, our state leaders couldn't agree on how to fix our roads, so they crafted Proposal 1 and asked the voters to decide. We all know how that turned out. Now, we have a second chance. The House and Senate have again passed different plans for fixing our roads. This time we can't afford to fail.
 
But it's critical as our leaders work toward a common plan that they not fix one problem by creating others. Both plans rely on redirecting at least $700 million of income tax revenue from the General Fund to transportation - that's about 7% of the current General Fund budget. Permanently shifting that much General Fund revenue to roads will no doubt have a negative impact in other areas that are critical to Michigan's growth - areas like job training and higher education - areas that are critical to developing the talent Michigan employers need to compete.
 
BLM's position: Our polling shows that voters are ready to support a simple, dedicated road funding stream, built to go the distance and backed by common sense. We encourage the Legislature to find a solution that fixes our roads the right way with a long-term solution that generates enough money to fix them every year and doesn't shortchange other key priorities.
Monday
Jun082015

In Finding a Road Solution, Let's Not Solve One Problem by Creating Another 

Michigan lawmakers are working quickly to identify a stronger road funding solution for our state. We've begun to hear some of their proposals, and it's clear we're still a long way from the finish line.

While we wait, the condition of our roads and bridges continues to deteriorate. It's more than just frustrating for motorists, it's economically dangerous. The longer we wait to fix our infrastructure, the less competitive Michigan becomes.

It is imperative that lawmakers work to identify road funding solutions that don't jeopardize other important state priorities that are important to our economy like job training, higher education and economic development.  

BLM's position: 

We believe a long-term solution to fixing our roads and bridges should meet the following principles:

  • It should provide funding sufficient to ensure good quality road and bridge conditions
  • It should include road and bridge warranties
  • The funding source should be sustainable and dedicated
  • The revenue should come from the users of our roads and bridges, and
  • The solution should not adversely impact other critical priorities that help create jobs, such as job training, higher education and economic development.
 Let's work together to get it done.
Monday
May182015

How will rising Medicaid costs affect Michigan? 

Higher education is the most likely function of state government to be impacted by rising Medicaid costs according to Moody's Analytics. See how your state is forecasted to be impacted.

Read the Moody's Analytics report: Crowded Out: The Outlook for State Higher Education Spending. 

 


Friday
May152015

Michigan's property taxes impact our competitiveness. 

Property taxes don't get as much attention as corporate tax rates as a site selection factor. But as more states improve their corporate tax competitiveness, these taxes are becoming more noticeable. For example, Michigan's property tax rates are higher than all the states to our south - which happen to be the states we most often compete against for jobs.

Learn more in the May 8, 2015 Pew Charitable Trust's Stateline article, "States Look to Deliver Relief as Property Taxes Rise." 

Property Taxes on the Rise - from the Pew Charitable Trust - Research & Analysis - Stateline