Change is on the horizon. Our state’s economic future is waiting, if we can work together to make it happen.

The Building A New Michigan Plan offers a compelling roadmap for growth. It’s not enough to dream it, we have to start doing it!

Our state has tremendous assets—geographic, human and structural—just waiting to be properly leveraged. In this plan, we’ll identify coordinated strategies and clear opportunities for making Michigan a winner.

Compete

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  • Create an economic environment that is better and stronger than competitor states
  • Strengthen Michigan’s fiscal stability and reduce future financial uncertainty
  • Create a regulatory environment that’s more responsive than competitor states
  • Provide better local government services than competitor states
  • Support federal policy changes that enhance Michigan’s competitiveness

Invest

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  • Ensure every Michigan child is ready to learn and advance
  • Increase the number of workers with education and training beyond high school
  • Improve the connection between education and careers
  • Connect Michigan to the world through strong infrastructure

Grow

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  • Grow a New Michigan economy by leveraging assets with the greatest potential to meet future global economic needs
  • Provide stronger economic development services than competitor states
  • Grow Detroit into a thriving city by attracting new investment, improving city services and repopulating neighborhoods
  • Make Michigan an aspirational destination by being a welcoming place to all
  • Reclaim Michigan’s reputation as a center for innovation

Compete

Create an economic environment that is better than competitor states

  • Continue to modernize Michigan’s tax system to reward production and reflect changes in the composition of the economy
  • Maintain competitive energy costs

Strengthen Michigan’s fiscal stability and reduce future financial uncertainty

  • Adopt a 10 year state strategic plan
  • Require annual performance-based budgeting
  • Reduce corrections costs to the Great Lakes average
  • Continue paying down state unfunded liabilities
  • Grow the Budget Stabilization Fund to five percent of annual operating revenues
  • Adopt fiscal notes for all legislation

Create a regulatory environment that’s more responsive than competitor states

  • Issue permits in “Top Ten” timeframes
  • Change the regulatory culture to be more customer-centric

Provide better local government services than competitor states

  • Benchmark and encourage local governments to adopt fiscal best practices
  • Encourage and expand service sharing
  • Limit local debt service to 10 percent of local operating expenses
  • Preclude local governments from offering defined benefit retirement plans and retiree health care benefits to new hires
  • Provide regions the ability to identify and fund regional assets

Support federal policy changes that enhance Michigan’s competitiveness

  • Engage leaders on tax reform, transportation funding, immigration reform, etc.

10th

best corporate tax climate

13th

best overall business tax climate

Aa1

Michigan's latest credit rating by Moody's

28th

level of unfunded liability (pension and post employment benefit)

Invest

Ensure every Michigan child is ready to learn and advance

  • Reward schools, teachers and leaders performing at a high level
  • Require high school graduation to be based on meeting college or career readiness benchmarks
  • Encourage and expand service sharing to increase classroom funding

Increase the number of workers with education and training beyond high school

  • Increase in- and out-of-state college enrollment to the national average without reducing in-state access
  • Attract educated workers and skilled immigrants to Michigan
  • Expand just-in-time, customized worker training programs
  • Achieve “Top Ten” community college and university affordability by increasing performance-based funding

Improve the connection between education and careers

  • Increase opportunities for high school and college students to participate in school-to-work transition experiences
  • Require community colleges and universities to track graduate placement results
  • Provide students with the information they need to make good career choices and select the best education and training pathways

Connect Michigan to the world through strong infrastructure

  • Expand the capacity of the transportation system to allow Michigan to grow
  • Develop critical rail connections
  • Strengthen Michigan’s logistics infrastructure

22%

career & college ready

9th

highest average debt per college graduate

25%

less than of high school students are enrolled in a career or tech class

Grow

Grow a New Michigan economy by leveraging assets with the greatest potential to meet future global economic needs

  • Engineering talent into a Global Engineering Village
  • Geographic location into a Gateway to the Midwest
  • Higher education system into a Higher Education Marketplace
  • Natural resources into a Natural Resources Economy
  • Automotive industry into a Global Center of Mobility
  • Health and medical expertise into a Life Sciences Hub

Provide stronger economic development services than competitor states

  • Offer competitive economic development incentives
  • Act cohesively to attract and grow more good jobs
  • Ensure greater consistency of economic development activities and programs

Grow Detroit into a thriving city by attracting new investment, improving city services and repopulating neighborhoods

Make Michigan an aspirational destination by being a welcoming place to all

  • Attract skilled immigrants and facilitate their relocation transitions
  • Expand cultural exchange programs
  • Prohibit discrimination based on sexual orientation for employment like we do for race, color, religion, sex, national origin or disability

Reclaim Michigan’s reputation as a center for innovation

  • Become a “Top Ten” state for the availability of venture capital
  • Become a “Top Ten” state for entrepreneurship and innovation
  • Remove legal and regulatory barriers to entrepreneurship and innovation
  • Showcase Michigan’s innovation at entry portals to the state
  • Become a convening center for conferences, competitions and research