California Ascendant?

Time Magazine recently published a thought provoking cover story on California. Its worth reading, thinking about and debating. Because if its right – as I believe it is – most everything we think drives state economic growth is wrong. The…

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Texas Research Universities Initiative

Little noticed in yesterday's election was the adoption, by a 55%-45% margin, of a $500 million fund to create more Tier One  research universities in Texas. It was supported by both parties -  including a very conservative  Governor. Their goal…

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How Do We Grow?

A couple of recent news articles struck me as representing where the Michigan is now and how we might turn it around. The first is from Brian O'Connor at the Detroit News on how Michigan is in for another decade…

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High School Accelerator

Nice editorial in today's Detroit News about a new high school initiative we are about to launch. We have been calling it a metro Detroit high school accelerator. Its mission is to create over the next eight years thirty five…

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dbusiness Article Update

The folks at dbusiness gave me a great opportunity to do a long essay on our prescription for improving the Michigan economy. You can read it here. The article went to print before the new 2008 state data came out on both per capita income and college education attainment.

So here are the latest data. The first table is the top ten states in per capita income. The story is the same as in the article: two paths to prosperity. High energy prices for Wyoming and Alaska. And strong knowledge-based employment and earnings, driven by high college attainment for the other eight.

Comparison of Michigan to National Average and Top Ten States

The second table is for the states that lots of folks argue Michigan should be like. Same story in 08 as 07. Michigan would be better off if it were more like Minnesota than Alabama, North Carolina or Indiana.

Michigan Versus Select States

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Public Investments, Part III

So if the prestigious Milliken/Blanchard panel laid out a framework for state policy makers on tax and spending policies that will help grow the Michigan economy, why have their recommendations been ignored? I think there are three main reasons: 1.…

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