Presentation - 8.18.2010

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Presentation - 8.18.2010

  1. 1. On the Road to a New Michigan Economy A Conversation with Governor Jennifer M. Granholm
  2. 2. Had Enough of the National Headlines?(saw this one recently in the Post)
  3. 3. U-M RSQE Forecast Job growth for 2011: Job growth for 2011: 17,400 17,400
  4. 4. Jan. 2003 Job Growth Projections 23,200 21,000 20,800 19,000 19,100 14,700 3,700-14,000Q1 2003 Q2 2003 Q3 2003 Q4 2003 Q1 2004 Q2 2004 Q3 2004 Q4 2004 Source: January 2003 Consensus Revenue Estimating Conference
  5. 5. • “Economic fundamentals have never been better.” • - David Littmann, Comerica Bank chief economist, 1/16/2003
  6. 6. GreenvilleA Different Kind of Crisis
  7. 7. STRUCTURAL CHANGEThe world has changed and we must change too.
  8. 8. 1. Diversify: Add new sectorsClean Energy Life Science Defense Adv. Manufacturing Film Tourism • MEDC brought 1012 new or expanded companies (through 8/17/2010) 2. Educate: Double the number of college graduates Source: MEDC
  9. 9. FUNDAMENTAL REALITIES ABOUT LEADING MICHIGAN:1. The world has changed and we must change too: DIVERSIFY and EDUCATE.2. Enlist and empower others.
  10. 10. Lessons from the last supper“Upskill” workersNo Worker Left Behind132,000 workersenrolled50% increase incommunity collegeenrollment this decade
  11. 11. FUNDAMENTAL REALITIES ABOUT LEADING MICHIGAN:1. The world has changed and we must change too: DIVERSIFY and EDUCATE.2. Enlist and empower others.3. Steer into the wind.
  12. 12. “Kites rise•highestagainst thewind, notwith it.”•- Winston Churchill
  13. 13. The winds are blowing from around the globe: Steer into them• 10 trips.• 48 companies.• 13,637 jobs.• $1.676 billion in new investment
  14. 14. The winds are blowing green: Steer into them Detroit News, 3/26/04 editorial Detroit Free Press, 2/1/07“(CAFE) mandates of above 40 miles per gallon … would devastate the Big Three …” Detroit News, 2/2/07
  15. 15. Chevy Volt to get 230 mpg
  16. 16. Steering From Rust to Green Advanced batteries Solar WindIn the last 11 months: 35 companies88,491 jobs projected Source: MEDC
  17. 17. The winds of change demand talent: Steer into them 2005: Only 27% of Michigan parents feel a college education is essential to their children’s success. Source: EPIC-MRA Your Child Survey, April 2005.
  18. 18. Even with tougher curriculum, dropout rate declines. Statewide Dropout Rate14%12%10%8%6%4%2%0% 2008 2009
  19. 19. July 23, 2010“State high school test scores are up -- at their highest levels since the Michigan Merit Exam was introduced four years ago for high school juniors.”
  20. 20. FUNDAMENTAL REALITIES ABOUT LEADING MICHIGAN:1. The world has changed and we must change too: DIVERSIFY and EDUCATE.2. Enlist and empower others.3. Steer into the wind.4. Global competitiveness requires unprecedented partnerships.
  21. 21. Ypsilanti Twp/Wayne County Ford RawsonvilleFederal Government
  22. 22. FUNDAMENTAL REALITIES ABOUT LEADING MICHIGAN:1. The world has changed and we must change too: DIVERSIFY and EDUCATE.2. Enlist and empower others.3. Steer into the wind.4. Global competitiveness requires unprecedented partnerships.5. Government must change, too.
  23. 23. State Government Smallest Since the Early 1970sCut a higher percentage fromgovernment than any other stateBiggest tax burden drop11,000 fewer employees than in2001Pension and benefit reforms25% fewer departments since2003300 boards, commissionseliminated
  24. 24. The (Saturday Evening) Post February 25, 1961
  25. 25. 1961
  26. 26. The Rx from 1961?
  27. 27. On the Road to a New Michigan Economy

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