The Great Recession hit Michigan harder than any other state, so while our recent growth has been impressive, we’re still not as competitive as we could be. If Michigan was performing like a Top Ten state today, there would be 36,000 more Michiganders working and $10,000 more income per person annually.
To accomplish these results, Business Leaders for Michigan is prioritizing the following key actions during 2019:
- Continue to follow the sound fiscal management practices adopted during the past eight years. Consistency is key when it comes to financial management of the state budget. By remaining firmly committed to balanced budgets completed months ahead of schedule and carefully considering the costs of any new proposed legislation, Michigan can be a model for other states to follow and an attractive place for new investment.
- Support specific actions to reduce the state’s long-term debt. We need to focus on reductions to current and future state and local debt, increase the transparency of unfunded liabilities and utilize health care exchanges and stipends to reduce local government liabilities while maintaining promised benefits.
- Raise user fees to fix our roads permanently and sustainably. It is urgent that we improve Michigan’s ailing infrastructure by taking specific actions to raise the revenue needed to close our ever-widening investment gap.
- Enact policies that ensure our schools deliver better results, our kids get an affordable college education and our workers get the training they need. Michigan’s educational system is at a crossroads. If we cannot improve K-12 performance, we will not become a Top Ten state. We must produce more educated and skilled talent, and improve K-12 performance by supporting our educators, improving literacy outcomes, directing more money to the classroom and boosting accountability measures.
- Commit to a strong and competitive economic development program and build on Michigan’s strengths to spur further growth in our mobility, engineering, travel, logistics and other critical sectors. Continued growth of Michigan’s economy depends on our ability to leverage our unique assets. The opening of the American Center for Mobility, the construction of the Gordie Howe International Bridge and implementing a Mobility 2.0 strategy are the foundation of our future success. How we market these projects and attract new talent is critical to maintaining our status as a diversified state with unlimited growth potential.