www.michiganfuture.org                         1
Our goalA high prosperity    Michigan                    2
What state do we want to emulate?  State      Per capita   Unemployment   Poverty        Education            income (09) ...
10 Most Prosperous StatesConnecticut       New YorkNew Jersey        VirginiaMassachusetts     AlaskaWyoming           Was...
Traits of prosperous states• High proportion of wages from knowledge  industries• High proportion of college grads• Big me...
What is the knowledge economy?                     public        goods                                    5%   information...
Michigan’s income rank alignedwith our college attainment rank                Per Cap Income    % 4 year degree 10 15     ...
10 Most Prosperous Regions• San Jose/San Fran.   • Seattle• Washington/Balt.     • Houston• NY/Newark            • San Die...
Major metros smarter              Education attainment by metro population35%                                             ...
Major metros richer             Per capita income by metro population$50,000                                              ...
Metro Detroit vs.              Metro Minneapolis   City       Per cap      Education       Share of wages from            ...
Metro Grand Rapids vs.             Metro Minneapolis   City       Per cap   Education         Share of wages from         ...
Metro Lansing vs. Metro Madison  City     Per cap    % bachelors     Share of wages from           income    degree or mor...
High education industries                                          growing in U.S.                                        ...
High education industries                                       doing best in Michigan                             0.00%Em...
Index value (100 in Dec. 2007)                                                               100                          ...
Our conclusion:The places with the greatest concentration of talent win!                                17
Young talent isaggregating inurban regions  Younger college grads  Blue = With children  Red = Without children
Our recommendations•Align Michigan culture with the flat world realities•Create places where talent wants to live•Ensure s...
Bottom lineWe must get youngerand better educated         or we will get poorer                      26
For more information about MichiganFuture, our reports or what the media is  saying, please visit our Web site at:      ww...
Young Talent in Michigan
Young Talent in Michigan
Young Talent in Michigan
Young Talent in Michigan
Young Talent in Michigan
Young Talent in Michigan
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Young Talent in Michigan

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Our basic conclusion: What most distinguishes successful areas from Michigan is their concentrations of talent, where talent is defined as a combination of knowledge, creativity and entrepreneurship. Quite simply, in a flattening world, the places with the greatest concentrations of talent win! States and regions without concentrations of talent will have great difficulty retaining or attracting knowledge-based enterprises, nor are they likely to be the place where new knowledge-based enterprises are created.

So retaining and attracting talent is at the heart of growing a high prosperity Michigan. We focus on college educated Millennials because they are the most mobile. Young people are the most likely demographic group to move. And among the young, moving from one state to another is highest for those with a four-year degree or more.

The priorities:

1) Building a culture that is welcoming to all.
2) Creating places where talent – particularly mobile young talent – wants to live. This means expanded public investments in quality of place with an emphasis on vibrant central city neighborhoods.

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Young Talent in Michigan

  1. 1. www.michiganfuture.org 1
  2. 2. Our goalA high prosperity Michigan 2
  3. 3. What state do we want to emulate? State Per capita Unemployment Poverty Education income (09) (10) rate (09) attainment (09)Oklahoma $35,837 7.1 % 16.2 % 22.73 %Minnesota $41,854 7.3 % 11.0 % 31.50 %Michigan $34,315 12.5% 16.2 % 24.59 %U.S. $39,635 9.6 % 14.3 % 27.90 % 3
  4. 4. 10 Most Prosperous StatesConnecticut New YorkNew Jersey VirginiaMassachusetts AlaskaWyoming WashingtonMaryland New Hampshire 4
  5. 5. 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
  6. 6. What is the knowledge economy? public goods 5% information leisure other administration 5% services 10% trade trans 3% utilities 7% financial activities health 11% 21% prof and business education services 21% 17% 6
  7. 7. Michigan’s income rank alignedwith our college attainment rank Per Cap Income % 4 year degree 10 15 18 20 34 25 36 30 37 35 2000 2009 40 7
  8. 8. 10 Most Prosperous Regions• San Jose/San Fran. • Seattle• Washington/Balt. • Houston• NY/Newark • San Diego• Hartford • Denver/Boulder• Boston/Worchester • Philadelphia 8
  9. 9. Major metros smarter Education attainment by metro population35% 33% 30%30% 25% 26%25% 24% 23%20%15%10% Under .2 m .2-.5 m .5-1 m 1-1.6 m 1.6-3.5 m 3.5 m and up 9
  10. 10. Major metros richer Per capita income by metro population$50,000 $45,667$45,000 $39,490$40,000 $37,470 $35,304 $35,734$35,000 $33,304$30,000$25,000$20,000 under .2 m .2-.5 m .5-1 m 1-1.6 m 1.6-3.5 m 3.5 m and up 10
  11. 11. Metro Detroit vs. Metro Minneapolis City Per cap Education Share of wages from income attainment knowledge industryMinneapolis 11 7 13 Detroit 41 39 31 2009 Rank among 55 metros 1 million population or more 11
  12. 12. Metro Grand Rapids vs. Metro Minneapolis City Per cap Education Share of wages from income attainment knowledge industryMinneapolis 9 7 10 Grand 54 44 54 Rapids 2009 Rank among 55 metros 1 million population or more 12
  13. 13. Metro Lansing vs. Metro Madison City Per cap % bachelors Share of wages from income degree or more knowledge industriesMadison $ 42,456 38.90 % 63.61 %Lansing $ 33,273 29.09 % 65.33 % 2009 data 13
  14. 14. High education industries growing in U.S. 5.83% 6.00%Employment change 2001-09 4.00% 2.00% $45,558 $59,926 0.00% -2.00% -0.79% All industry -4.00% Low education $33,383 -6.00% High education -5.79% (2009 average wage) 14
  15. 15. High education industries doing best in Michigan 0.00%Employment change 2001-09 $54,964 -5.00% -4.97% -10.00% $43,645 -15.00% All industry -15.66% Low education -20.00% $34,646 High education -22.59% -25.00% (2009 average wage) 15
  16. 16. Index value (100 in Dec. 2007) 100 105 80 85 90 95 75 2007.12 2008.01 2008.02 2008.03 2008.04 2008.05 2008.06 2008.07 2008.08 2008.09 2008.1 2008.11 U.S. High Ed 2008.12 2009.01 2009.02 2009.03 2009.04 2009.05 U.S. Low Ed 2009.06 2009.07 2009.08 2009.09 2009.1 2009.11 Date Mich High Ed 2009.12 2010.01 2010.02 2010.03 2010.04 2010.05 2010.06 2010.07 Mich Low Ed 2010.08 2010.09 Employment in High and Low Education Attainment 2010.1 Industries, Michigan and the U.S., 2007.12 to 2011.05 2010.11 2010.12 2011.01 2011.02 Recession accelerates trends 2011.03 2011.0416 2011.05
  17. 17. Our conclusion:The places with the greatest concentration of talent win! 17
  18. 18. Young talent isaggregating inurban regions Younger college grads Blue = With children Red = Without children
  19. 19. 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 25
  20. 20. Bottom lineWe must get youngerand better educated or we will get poorer 26
  21. 21. For more information about MichiganFuture, our reports or what the media is saying, please visit our Web site at: www.MichiganFuture.org 27

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