Michigan Future Inc. Presentation 2009
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Michigan Future Inc. Presentation 2009

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The powerpoint presentation Lou Glazer uses in his speeches around the state on the future of the economy and what Michigan needs to do to prosper in it.

The powerpoint presentation Lou Glazer uses in his speeches around the state on the future of the economy and what Michigan needs to do to prosper in it.

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  • Lou Glazer's latest slide show demonstrating the key attributes of successful states. It raises the quesiton about whether Michigan really wants to be successful, or is content to drift down to the status of South Carolina, Arkansas and Mississippi: Perpetually low income states with poor educaiton and social service systems -- in other words, one step above a third world country.
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Michigan Future Inc. Presentation 2009 Presentation Transcript

  • 1.
  • 2. Michigan’s transition to a knowledge-based economy Second Annual Progress report
  • 3. Our goal
    • A high prosperity Michigan
  • 4. What state do we want to emulate? State Per capita income (07) Unemployment (1/09) Poverty rate (07) Education attainment (07) Alabama $32,401 7.8 16.6 21.39 Minnesota $40,969 7.6 9.5 30.95 Michigan $34,342 11.6 13.9 24.72 U.S. $38,564 7.6 % 13.0 % 27.46 %
  • 5. Most prosperous states Connecticut Maryland New Jersey California Massachusetts Virginia Wyoming New Hampshire New York Washington
  • 6. 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
  • 7. What is the knowledge economy?
  • 8. Michigan’s income rank aligned with our college attainment rank
  • 9. Most prosperous regions
    • San Jose/San Fran.
    • NY/Newark
    • Washington/Baltimore
    • Boston/Worchester/ Manchester (NH)
    • Seattle
    • Hartford
    • Houston
    • Denver/Boulder
    • New Orleans
    • Minneapolis/St. Paul
  • 10. Major metros smarter
  • 11. Major metros richer
  • 12. Metro Detroit vs. Metro Minneapolis 2007 Rank among 54 metros 1 million population or more City Per cap income education attainment Share of wages from knowledge industry Minneapolis 10 7 10 Detroit 25 36 37
  • 13. Metro Grand Rapids vs. Metro Minneapolis 2007 Rank among 54 metros 1 million population or more City Per cap income Education attainment Share of wages from knowledge industry Minneapolis 10 7 10 Grand Rapids 51 44 53
  • 14. Metro Lansing vs. Metro Madison City Per cap income % bachelors degree or more Share of wages from knowledge industries Madison $ 40,974 38.5 % 60.8 % Lansing 32,058 28.2 60.1
  • 15. High education industries growing most in U.S. Employment change 2001-07 $44,457 $33,173 $58,915
  • 16. High education industries doing best in Michigan Employment change 2001-07 $43,357 $36,159 $53,377
  • 17. High education industries doing best in Metro Detroit Employment change 2001-07 $48,299 $39,773 $58,704
  • 18. High education industries growing in Metro Grand Rapids Employment change 2001-07 $38,191 $33,716 $46,212
  • 19. High education industries growing in Metro Lansing Employment change 2001-07 $40,006 $31,823 $48,210
  • 20. Recession accelerates trends
  • 21. Our conclusion: The places with the greatest concentration of talent win!
  • 22. Younger college grads Blue = With children Red = Without children Young talent is aggregating in urban regions
  • 23.  
  • 24.  
  • 25.  
  • 26.  
  • 27.  
  • 28.  
  • 29. Our recommendations
    • Align Michigan culture with the flat world realities
    • Create places where talent wants to live
    • Ensure success of vibrant higher ed system
    • Reinvent K-12 education to align with new realities
    • Develop new public and – more importantly – private sector leaders
  • 30. Bottom line
    • We must get younger
    • and better educated
    • or
    • we will get poorer
  • 31.
    • For more information about Michigan Future, our reports or what the media is saying, please visit our Web site at:
    • www.MichiganFuture.org