Since 2009, significant actions have been taken or are underway that align with the Building A New Michigan Plan. While the list below is impressive, there’s a stark difference between turning the state around and being a “Top Ten” state— especially when being “Top Ten” could mean up to 72,300 more jobs and higher incomes for every Michigander. If we want to be a vibrant state with more jobs and businesses, Michigan needs to be able to better compete. The New Michigan Plan lays out the strategy for propelling our state forward.

Compete

  • Improved revenue and expenditure forecasts
  • Reformed Unemployment Insurance system
  • Produced multi-year financial and budget plans
  • Produced citizen friendly balance sheet
  • Reduced state debt by one third
  • Required state agencies to implement spending plans with a strategic mission, vision and goals
  • Improved state bond rating
  • Aligned public employee health care premiums with the private sector
  • Removed statutory barriers and provided incentives to encourage local service sharing
  • Passed public school employee retirement reforms estimated to reduce unfunded pension and health care liability by $16 billion
  • Passed emergency manager law to help locals “fix the basics”
  • Improved Michigan’s corporate tax climate by replacing the Michigan Business Tax (MBT) with a flat corporate income tax
  • Improved Michigan’s regulatory climate by rescinding over 2,000 obsolete and redundant rules and requiring a cost benefit analysis for all proposed rules
  • Approved referendum to phase out personal property tax
  • Conducted annual benchmarking of Michigan’s economic competitiveness

Invest

  • Expanded technical worker training
  • Increased funding for higher education based on performance
  • Increased access to early childhood education for underserved students
  • Increased funding for transportation
  • Reached agreement to build new international bridge
  • Established the Michigan Higher Education Partnership Council to increase collaboration
  • Maintained rigorous K-12 academic standards and adopted aligned assessments

Grow

  • Adopted regional economic development model
  • Convened state leaders to align behind economic development goals
  • Grew venture capital to #25 nationally
  • Adopted Michigan urban strategy
  • Increased investments in cities
  • Identified Michigan’s six most promising existing assets to accelerate growth
  • Developed and began implementing strategies for five of the six key assets: Global Engineering Village, Gateway to the Midwest, Higher Education Marketplace, Natural Resources Economy and Global Center of Mobility