Michigan Turnaround Plan

 

Accelerating Job Growth Through Innovation & Entrepreneurship

Where We Are

  • Michigan does not operate cohesively in areas such as:

    • Regional collaboration
    • Labor-management relations
    • Partisan politics
  • Michigan's economic development strategy emphasizes:

    • Making direct investments in individual companies vs. building a healthy business climate that benefits all businesses
    • Incentivizing site location decisions to overcome an uncompetitive cost structure
    • Targeting narrow business sectors in a dynamic, ever-changing economy that is unpredictable

Where We Need to Go

  • Support collaborative regional growth strategies by prioritizing incentives & grants to those areas

  • Accelerate growth by supporting innovation and entrepreneurship across all sectors

    • Increase entrepreneurial education
    • Create a distinctive university-business partnership focused on attracting business, growing sectors and retaining talent
    • Grow the pool of venture capital in Michigan
    • Expand business incubation & acceleration services
  • Develop strategies to grow broad business sectors that leverage Michigan's key assets (e.g.: energy, engineering)