Michigan's low-tax strategy has failed. Since 2000 Michigan has experienced––in good times and bad and no matter which party has been in control in Lansing––far worse than the nation employment and wage growth. In 2000 Michigan accounted for 3.6 percent…
Recently Intel announced they are going to invest an initial $20 billion in a new chip fabrication plant in metro Columbus Ohio. Initial because Intel's CEO Pat Gelsinger indicated that Columbus could become "the largest semiconductor manufacturing location on the…
Northern Virginia quite literally won economically in the 21st Century when Amazon chose them as the location for one of two HQ2s. Winning what was described by pundits as the Super Bowl of economic development competitions. HQ2 brings to Northern…
Dug Song, co-founder and general manager of Duo Security, in an interview with Crain's Detroit Business, makes the case for higher Michigan taxes. Higher Michigan taxes to invest in education and transit. The two assets that Song believes Michigan needs…
Let's start the new year with the big picture. An overview of the structural economic challenges Michigan faces if we are to have an economy that as it grows benefits all. Redefining economic success. First is understanding that even though…
More than a decade ago we identified four common characteristics of high-prosperity non-energy-driven states: Over concentrated in knowledge-based services which are the sectors of the economy both growing and high wageHigh proportion of adults with a four-year degree or moreEven…
In 2004 Michigan Future published a report on knowledge-based states having higher per capita income than manufacturing-based states. The data showed that the most prosperous states––other than states with lots of oil and natural gas––had four common characteristics: Over concentration…
First came news about Foxconn not building a 13,000 employee manufacturing plant in Wisconsin. Then the next day came stories that they were going to continue with plans to build the manufacturing facility. Who know what will finally happen. What…
The New York Times recently wrote about Ford's purchase of the long-abandoned Detroit train station. The article's subtitle is what matters: By renovating a symbol of the city’s decline, the company hopes to create a magnet for the talent needed to…
Updated data from Joe Cortright of Impressa on the continuation of young professionals choosing to live in central cities. Cortright, using American Community Survey data, looks at the change in the number of 25-34 year olds with a four-year degree…