Michigan Prosperity Initiative

 

 

Michigan Prosperity Initiative

October 7 Program at the Lansing Center: REDEFINING ECONOMIC STRATEGIES FOR THE NEW ECONOMY

Thursday, October 7, 2010, is a unique opportunity to join representatives of over 150 stakeholder groups at the Lansing Center in downtown Lansing for a special Michigan Prosperity Initiative New Economy Program. The theme for the event is "Redefining Economic Strategies for the New Economy." In the morning, registrants will learn about emerging opportunities for Michigan to better compete in the global New Economy. Michigan's Governor Jennifer M. Granholm and MSU President Lou Anna K. Simon will make presentations along with some of the state's leading experts on the New Economy. In the afternoon, participants will have the opportunity to gather in small groups to discuss and refine draft State Strategies to rebuild Michigan's economy.

The goal of the October 7 program is to discover strategies around which there is broad support that could quickly be implemented to rapidly move Michigan into a more competitive economic position.

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Michigan Prosperity Initiative

The Michigan Prosperity Initiative (MPI) is an innovative effort by Michigan State University, in partnership with the Michigan Department of Energy, Labor & Economic Growth, the Michigan Economic Development Corporation, the Michigan Association of Regions, the Michigan Municipal League, the Michigan Townships Association, the Michigan Association of PlanningMichigan State University Extension, the MSU College of Agriculture and Natural Resources; the Michigan Agricultural Experiment Station; Michigan Citizen Planner; and the Planning & Zoning Center to help return economic prosperity to the state. The MSU Land Policy Institute (LPI) is leading this effort.

Training Programs

The MPI provides the state of Michigan and its citizens, businesses, local governments and other stakeholders with information and training on economic strategy development. The training is based on MSU and other university and think-tank research that has the potential to return the state to a place among the most prosperous places in the world. Three separate levels of training programs led by LPI and MSU Extension educators were provided in 99 sessions between mid-April and mid-June, 2010.

New Economy 101:
Fundamentals of the New Economy (Agenda and FAQs)
This two-hour program describes how Michigan's present economic circumstances developed, and emphasizes that because Michigan has many assets there is good reason to be hopeful about our economic future. Thirteen actions Michigan could take to move the state forward are also  presented. This program is of interest to all audiences.

New Economy 201:
Place-Based Regional Economic Planning (Agenda and FAQs)

This four-hour program focuses on a simple common vision and basic goals for prosperity; it describes in detail Michigan's critical assets and then identifies place-based strategies to help us create new prosperity on a regional basis. This program is targeted to those that attended New Economy 101, and professionals and representatives of local government and other key stakeholder groups.

New Economy 301:
Strategies to Bridge the Gap (Agenda and FAQs)
This six-hour (all day) program addresses detailed economic analyses that can be performed to help inform regional strategic growth plans and the key strategies necessary to implement those plans. This program is intended for those that attended the first two programs, and planning and economic development professionals.

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Host a Follow-Up Training in Your Region

Twenty-three trainers are available to repeat these programs to stakeholder groups or communities. Hybrid options are also available. A fee may be charged for follow-up trainings. To request a training in your region, download the request form or contact MPI@landpolicy.msu.edu or call 517.432.2222 for more information. A list of the different types of programs available is listed below:

  • Repeat the New Economy trainings.
  • Synthesis New Economy trainings (some combination of New Economy 101, 201 and 301 programs).
  • Short introductory New Economy trainings.
  • Out-of-State New Economy trainings.
  • An online version of the program is under development by Michigan Citizen Planner.

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MPI Reports Now Available

Cluster Analysis Report
One of the highlights for many attendees of the New Economy 301 program was information presented on clusters that LPI studied as part of a regional strategic planning economic development process in the mid-Michigan area in 2009. The study defines clusters as interrelated businesses that collocate regionally, feed off one another and compete effectively. Clusters are made up of many business sectors, which contribute all or part of their activity to that cluster, such as the auto cluster that is made up of:

  • auto manufacturing;
  • part suppliers;
  • logistics companies;
  • auto dealers;
  • credit companies
  • worker training companies;
  • marketing and advertising;
  • insurance companies; and more.

Cluster planning has been shown to be a powerful tool in developing strategies for prosperity. Frequently, clusters develop organically; however, they can be planned, nurtured, marketed and leveraged for regional prosperity. Clusters tend to share a specialized infrastructure, labor markets and services, and are faced with common opportunities and threats. Business clusters are a driving force in the New Economy. Examples of well-known clusters include:

  • Information technology in Silicon Valley, CA.
  • Wineries in Napa Valley, CA.
  • Finance in New York City, NY.
  • Auto manufacturing and distribution in Detroit, MI.

The Land Policy Institute has now completed a thorough analysis of 23 clusters that may present opportunities for economic diversification in many different regions in Michigan. The clusters studied include:

  • Engineering Technology and Design;
  • Construction and Deconstruction;
  • Advanced Transportation;
  • Arts and Culture;
  • Advanced Waste Management;
  • Fisheries and Freshwater Industries;
  • Film;
  • Tourism;
  • Defense and Security;
  • Finance and Insurance;
  • Supply Chain and Logistics;
  • Advanced and Flexible Manufacturing;
  • Robotics and Automation;
  • Mining;
  • Forestry and Wood Products;
  • Education and Knowledge Creation;
  • Information Technology;
  • Aerospace;
  • Food Innovation;
  • Energy;
  • Environmental Technology;
  • Life Sciences; and
  • Healthcare.

Included in the 366-page report are maps and graphs for each of the clusters, showing national and state location quotient data, shift-share maps, tables and charts.

 To make it easier to download the report, it has been broken down into several smaller sections. Visit Cluster Analysis to download the report. A copy of the report may be viewed at each of the 14 State Planning & Development Regions' offices located across the state.

In addition, LPI is working on a follow-up report that breaks down the energy super cluster into four renewable energy clusters: Biomass, Solar, Advanced Energy Storage and Wind Energy. Be sure to check future editions of "This Week at LPI" for updates on this report.

Sister Region Benchmarking Analysis Reports
In addition to the Cluster Analysis Report, LPI prepared 13 comparative regional analysis reports for the 14 State Planning & Development Regions. The Sister Region Reports look at close to 55 variables for each State Planning & Development Region and comparable regions around the country. Regions were selected as comparable based on area, population and rural/urban characteristics.

Gazelle, New Businesses and Resilience Analysis Reports 
In addition to the Cluster Analysis Report, LPI prepared 14 comparative regional analysis reports for the State Planning & Development Regions. The Gazelle Reports focus on rapidly growing sectors and the relative success of traditional sectors in weathering the economic storm Michigan has faced over the last decade.

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