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Presentation by Lou Glazer, Executive Director, Michigan Future for the Detroit Orientation Institute, October 30, 2008

Presentation by Lou Glazer, Executive Director, Michigan Future for the Detroit Orientation Institute, October 30, 2008

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  • 1. Thursday, October 30, 2008 Presentation Detroit Orientation Institute (DOI)
  • 2. Michigan’s transition to a knowledge-based economy First Annual Progress report By Michigan Future, Inc.
  • 3. Most prosperous states
    • Connecticut
    • New Jersey
    • Massachusetts
    • New York
    • Maryland
    • Wyoming
    • New Hampshire
    • Colorado
    • Virginia
    • California
  • 4. Traits of prosperous states
    • High proportion of wages from knowledge industries
    • High proportion of college grads
    • Big metro with higher per cap income than state
    • Largest city in that metro has high proportion of college grads
  • 5. Michigan’s income rank aligning with our college attainment rank
  • 6. Most prosperous regions
    • San Jose/San Fran.
    • Washington/Baltimore
    • NY/Newark
    • Boston/Worchester/ Manchester (NH)
    • Hartford
    • Denver/Boulder
    • Minneapolis/St. Paul
    • San Diego
    • Seattle
    • Philadelphia
  • 7. Major metros win! Smarter…
  • 8. Major metros win! Richer Per cap income
  • 9. Our big metros lagging
  • 10. Job growth, U.S. Percent change 2001-05 $40,677 $31,995 $52,980
  • 11. Job growth, Michigan % change 2001-05 $41,214 $35,725 $49,629
  • 12. Our conclusion: The places with the greatest concentration of talent win!
  • 13. Younger college grads Blue = With children Red = Without children Young talent is aggregating in urban regions
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  • 20. Bottom line
    • We must get younger
    • and better educated
    • or
    • we will get poorer