1<br />www.michiganfuture.org<br />
Michigan’s transition to a knowledge-based economy<br />Third Annual Progress report<br />2<br />
Our goal<br />A high prosperity Michigan<br />3<br />
What state do we want to emulate?<br />4<br />
Most prosperous states <br />5<br />
Traits of prosperous states<br />High proportion of wages from knowledge industries<br />High proportion of college grads<...
What is the knowledge economy?<br />7<br />
Michigan’s income rank aligned with our college attainment rank<br />8<br />
Most prosperous regions<br />Seattle<br />San Diego<br />Denver/Boulder<br />Minneapolis<br />Houston<br />San Jose/San Fr...
Major metros smarter<br />10<br />
Major metros richer<br />11<br />
Metro Pittsburgh Prosperous Again1969-2008<br />12<br />
Metro Detroit vs. Metro Minneapolis and Pittsburgh <br />13<br />2008 Rank among 55 metros 1 million population or more<br />
Metro Grand Rapids vs. Metro Minneapolis and Pittsburgh <br />14<br />2008 Rank among 55 metros 1 million population or mo...
Metro Lansing vs. Metro Madison<br />15<br />2008 data<br />
High education industries growing most in U.S.<br />16<br />$60,138<br />Employment change 2001-08<br />$45,564	<br />$33,...
High education industries doing best in Michigan<br />17<br />$55,136<br />$44,244<br />Employment change 2001-08<br />$36...
High education industries doing best in Metro Detroit<br />18<br />$60,744<br />$49,154<br />Employment change 2001-08<br ...
High education industries growing in Metro Grand Rapids<br />19<br />$47,020<br />Employment change 2001-08<br />$39,052<b...
High education industries growing in Metro Lansing<br />20<br />$50,182<br />$41,447<br />Employment change 2001-08<br />$...
Recession accelerates trends<br />21<br />
Our conclusion:<br />22<br />The places with the greatest concentration of talent win!<br />
Young talent is aggregating in urban regions<br />Younger college grads <br />Blue = With children<br />Red = Without chil...
Our recommendations<br />Align Michigan culture with the flat world realities<br />Create places where talent wants to liv...
Bottom line<br />We must get younger <br />and better educated <br />or <br />we will get poorer<br />31<br />
For more information about Michigan Future, our reports or what the media is saying, please visit our Web site at:<br />ww...
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Michigan's Transition To A Knowledged Based Economy

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Michigan Future Inc. is an economic development think tank dedicated to being a catalyst for prosperity. This presentation is a 3rd Annual Progress update on its 2006 New Agenda for a New Michigan research report.

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Michigan's Transition To A Knowledged Based Economy

  1. 1. 1<br />www.michiganfuture.org<br />
  2. 2. Michigan’s transition to a knowledge-based economy<br />Third Annual Progress report<br />2<br />
  3. 3. Our goal<br />A high prosperity Michigan<br />3<br />
  4. 4. What state do we want to emulate?<br />4<br />
  5. 5. Most prosperous states <br />5<br />
  6. 6. Traits of prosperous states<br />High proportion of wages from knowledge industries<br />High proportion of college grads<br />Big metro with higher per cap income than state<br />Largest city in that metro has high proportion of college grads<br />6<br />
  7. 7. What is the knowledge economy?<br />7<br />
  8. 8. Michigan’s income rank aligned with our college attainment rank<br />8<br />
  9. 9. Most prosperous regions<br />Seattle<br />San Diego<br />Denver/Boulder<br />Minneapolis<br />Houston<br />San Jose/San Fran.<br />NY/Newark<br />Washington/Baltimore<br />Boston/Worchester/ Manchester (NH)<br />Hartford<br />9<br />
  10. 10. Major metros smarter<br />10<br />
  11. 11. Major metros richer<br />11<br />
  12. 12. Metro Pittsburgh Prosperous Again1969-2008<br />12<br />
  13. 13. Metro Detroit vs. Metro Minneapolis and Pittsburgh <br />13<br />2008 Rank among 55 metros 1 million population or more<br />
  14. 14. Metro Grand Rapids vs. Metro Minneapolis and Pittsburgh <br />14<br />2008 Rank among 55 metros 1 million population or more<br />
  15. 15. Metro Lansing vs. Metro Madison<br />15<br />2008 data<br />
  16. 16. High education industries growing most in U.S.<br />16<br />$60,138<br />Employment change 2001-08<br />$45,564 <br />$33,888<br />
  17. 17. High education industries doing best in Michigan<br />17<br />$55,136<br />$44,244<br />Employment change 2001-08<br />$36,223<br />
  18. 18. High education industries doing best in Metro Detroit<br />18<br />$60,744<br />$49,154<br />Employment change 2001-08<br />$39,312<br />(2008 average wage)<br />
  19. 19. High education industries growing in Metro Grand Rapids<br />19<br />$47,020<br />Employment change 2001-08<br />$39,052<br />$34,633<br />
  20. 20. High education industries growing in Metro Lansing<br />20<br />$50,182<br />$41,447<br />Employment change 2001-08<br />$32,319<br />
  21. 21. Recession accelerates trends<br />21<br />
  22. 22. Our conclusion:<br />22<br />The places with the greatest concentration of talent win!<br />
  23. 23. Young talent is aggregating in urban regions<br />Younger college grads <br />Blue = With children<br />Red = Without children<br />
  24. 24.
  25. 25.
  26. 26.
  27. 27.
  28. 28.
  29. 29.
  30. 30. Our recommendations<br />Align Michigan culture with the flat world realities<br />Create places where talent wants to live<br />Ensure success of vibrant higher ed system<br />Reinvent K-12 education to align with new realities<br />Develop new public and – more importantly – private sector leaders<br />30<br />
  31. 31. Bottom line<br />We must get younger <br />and better educated <br />or <br />we will get poorer<br />31<br />
  32. 32. For more information about Michigan Future, our reports or what the media is saying, please visit our Web site at:<br />www.MichiganFuture.org<br />32<br />

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