1. On the Road to a New Michigan Economy
A Conversation with
Governor Jennifer M. Granholm

2. Had Enough of the National
Headlines?
(saw this one recently in the Post)

4. U-M RSQE Forecast
Job growth for 2011:
Job growth for 2011:
17,400
17,400

5. Jan. 2003 Job Growth Projections
23,200
21,000 20,800
19,000 19,100
14,700
3,700
-14,000
Q1 2003 Q2 2003 Q3 2003 Q4 2003 Q1 2004 Q2 2004 Q3 2004 Q4 2004
Source: January 2003 Consensus Revenue Estimating Conference

6. • “Economic fundamentals
have never been better.”
• - David Littmann, Comerica Bank chief economist, 1/16/2003

7. Greenville
A Different Kind of Crisis

8. STRUCTURAL
CHANGE
The world has changed and we must change too.

9. 1. Diversify: Add new sectors
Clean Energy Life Science Defense Adv. Manufacturing Film Tourism
• MEDC brought 1012 new or expanded companies
(through 8/17/2010)
2. Educate: Double the
number of college graduates
Source: MEDC

11. FUNDAMENTAL REALITIES ABOUT LEADING MICHIGAN:
1. The world has changed and we must change too:
DIVERSIFY and EDUCATE.
2. Enlist and empower others.

12. Lessons from the last
supper
“Upskill” workers
No Worker Left Behind
132,000 workers
enrolled
50% increase in
community college
enrollment this decade

13. FUNDAMENTAL REALITIES ABOUT LEADING MICHIGAN:
1. The world has changed and we must change too:
DIVERSIFY and EDUCATE.
2. Enlist and empower others.
3. Steer into the wind.

14. “Kites rise
•
highest
against the
wind, not
with it.”
•- Winston Churchill

15. The winds are blowing from
around the globe: Steer into them
• 10 trips.
• 48 companies.
• 13,637 jobs.
• $1.676 billion in
new investment

16. The winds are blowing green:
Steer into them
Detroit News, 3/26/04 editorial
Detroit Free Press, 2/1/07
“(CAFE) mandates of above 40 miles per gallon …
would devastate the Big Three …”
Detroit News, 2/2/07

17. Chevy Volt to get 230 mpg

18. Steering From
Rust to Green
Advanced batteries
Solar
Wind
In the last 11 months:
35 companies
88,491 jobs projected
Source: MEDC

19. The winds of change demand talent:
Steer into them
2005: Only 27% of
Michigan parents feel a
college education is
essential to their
children’s success.
Source: EPIC-MRA Your Child Survey, April 2005.

20. Even with
tougher
curriculum,
dropout rate
declines.
Statewide Dropout Rate
14%
12%
10%
8%
6%
4%
2%
0%
2008 2009

21. July 23, 2010
“State high school test scores
are up -- at their highest
levels since the Michigan Merit
Exam was introduced four years
ago for high school juniors.”

22. FUNDAMENTAL REALITIES ABOUT LEADING MICHIGAN:
1. The world has changed and we must change too:
DIVERSIFY and EDUCATE.
2. Enlist and empower others.
3. Steer into the wind.
4. Global competitiveness requires
unprecedented partnerships.

23. Ypsilanti Twp/Wayne County
Ford Rawsonville
Federal Government

24. FUNDAMENTAL REALITIES ABOUT LEADING MICHIGAN:
1. The world has changed and we must change too:
DIVERSIFY and EDUCATE.
2. Enlist and empower others.
3. Steer into the wind.
4. Global competitiveness requires unprecedented
partnerships.
5. Government must change, too.

26. State Government Smallest
Since the Early 1970s
Cut a higher percentage from
government than any other state
Biggest tax burden drop
11,000 fewer employees than in
2001
Pension and benefit reforms
25% fewer departments since
2003
300 boards, commissions
eliminated

27. The (Saturday Evening) Post
February 25, 1961

28. 1961

29. The Rx from 1961?

30. On the Road to a New Michigan Economy