Flint crisis is Michigan’s crisis
7 hours ago
A blog about Michigan's economy by Rick Haglund
Michigan is now structurally a low prosperity state. Every year from 2006 through 2014 the state has ranked between 34th and 38th. This is the first time ever that Michigan has been a lower tier per capita income state with a booming domestic auto industry.
The Middle-Eastern American community is growing in our state and this reorganization will help ensure Michiganders from multiple backgrounds have the best opportunities to actively work together and participate in our comeback.
Detroit’s economic future will always include auto design and manufacturing as a primary driver. However, the
market area must work to grow a broader array of industries. The next several years will feature businesses
looking for expansion opportunities, and new startups searching for cost efficient locales. Detroit’s capacity to
take advantage of its newfound cost strengths offers the means to start defining its longer-term development path.