Shaken Awake The New Michigan
The symposium hosted last week at the University of Michigan by "think-and-do tank" The Center for Michigan founder and business leader Philip Power was reportedly momentous for its audience of college and university dignitaries, Michigan's best and brightest business elite, economists and municipal leaders. As it turned out, it was momentous for the education it provided its attendees.
The conference, "Where Do We Go From Here? An Agenda-setting Conference for the Economic Issues Facing Michigan," put commonly held perceptions of
One common thread among the group: They care very much about the state and believe it is positioned or can be positioned to be an economic role model for the rest of the nation, an attribute currently buried in state history. But progress in the new
As University of Michigan Director of the Center for Local, State and Urban Policy Elisabeth Gerber noted, "We need to come to terms with the fact that we are deep in this knowledge economy." Indeed the Michigan Life Sciences corridor is lacking future employees: students seeking higher education in the sciences, its life-blood.
Revenue replacement from the loathed Single Business Tax, should it be changed or eliminated, centers on extending the sales tax to the service sector, and with broader scope, reduce the state's 6 percent sales tax rate. Upjohn Institute for Employment Research and the university economists emphasize it makes the tax less of a burden to low-income individuals, and identifies the new economy sector, creating sound economic policy.
Power plans to create an agenda from the findings of last week's conference. The Center for