Michigan needs to spend another $1 billion on higher education to produce graduates with the advanced skills needed for the 21st century economy, contends Business Leaders for Michigan.
Michigan became a little more competitive with other states over the last two years, although it’s still far from the goal of corporate CEOs to become a top 10 state for economic performance, according to an annual report.
The newest ideas from a coalition of corporate CEOs and university presidents seek to build on what Michigan already does well to drive employment and economic growth in the years ahead. Building on Michigan’s engineering and logistics acumen; growing the life sciences sector further; boosting agricultural processing and exports and tourism; strengthening higher education; and leveraging the auto industry’s legacy for new forms of transportation are the key elements of a “New Michigan” strategy rolled out by Business Leaders for Michigan.
Now that Michigan appears on the right track economically, Business Leaders for Michigan plans to begin pushing a new initiative that seeks to build on what is already done well to drive new job creation and economic growth.