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In this issue:
Leadership Summit - May 7th
Growing a Higher Education Marketplace
Renaissance Venture Capital Raises 2nd Fund
Whirlpool one of 'Most Respected'
Why GE Chose Michigan
Women at the helm of Michigan Universities
The Imperiled Promise of College
Doug Rothwell on Spartan Radio
In the News

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Last Week to Register for May 7 Summit!  

 Higher Ed Summit

An extraordinary group of state and national higher education, economic and business leaders will convene in Lansing on Monday, May 7th to share strategies for strengthening Michigan by leveraging its higher education system. The summit will highlight national best practices that involve using higher education to drive the economy, including translating university research and innovation into jobs and creating a skilled and talented workforce to meet current and future job demands.

 

Click here to view the event agenda.  Register today at: 

www.businessleadersformichigan.com/events   

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Business Leaders
for Michigan 
600 Renaissance Center, Suite 1760, Detroit, MI, 48243-1802

Phone: 313.259.5400

BUILDING A NEW MICHIGAN


Growing a Higher Education Marketplace

 

The legislature has an opportunity this year to adopt a blueprint to meet our state's need for 1 million additional college graduates over the next decade.  Based on extensive research that Business Leaders for Michigan conducted, this should include:

  • Adopting a set of 6 to 8 performance metrics that measure our universities against their national peers to determine eligibility for  funding increases
  • Increasing funding for universities that are making progress toward, meeting, or exceeding the performance of the top 20% of their peers
  • Making a commitment to fund top performing universities at top levels by the year 2022
  • Encouraging our universities to increase their enrollment of both in and out of state students

Our state's ability to create more good jobs to raise family incomes is directly tied to our ability to produce more college graduates.  We can't achieve this goal if we continue to shift costs to students and families, do not hold universities accountable or discourage enrollments.  Recent articles include:  

BLM INITIATIVES


Renaissance Venture Capital Raises 2nd Fund, Passes $100 Million Mark

Business Leaders for Michigan committed to growing jobs and new, innovative companies

 

The Renaissance Venture Capital Fund (RVCF), the venture capital fund-of-funds formed by Business Leaders for Michigan (BLM), announced that it has formed a second fund with initial capital of $60 million, growing the RCVF to over $100 million. 

 

"Venture capital has been one of the principal drivers of economic growth around the nation," said Chris Rizik, CEO of RVCF.  "Venture capital-backed companies, as a whole, grow 50% faster than other companies and hire employees at eight times the national average. Michigan has the research and talent base to create these fast-growing new companies and the associated high paying jobs. RVCF marries these strengths with new capital and a network of collaboration between young companies, venture capital funds and many of Michigan's largest companies, which will lead to more innovative new companies and employment in the state." Read more. . .

 

SPOTLIGHT ON BLM MEMBERS


Whirlpool one of 'Most Respected'Whirlpool Logo

The Herald-Palladium | April 15, 2012

 

Whirlpool Corp. has been named one of the Most Respected U.S. Companies by Forbes magazine and the Reputation Institute. Whirlpool has been included as one of the Most Respected Companies five years in a row. Read more. . .

 

Why GE chose MichiganDetroit Freep Logo

By Jeff Immelt, Chairman & CEO, GE 

Detroit Free Press| April 24, 2012

 

 

A few years ago when GE started looking for a location for a new state-of-the-art information technology research and development facility, Michigan may not have seemed like the most obvious choice. The recession, after all, hit Michigan particularly hard. Jobs, along with the confidence that goes hand-in-hand with investment, were leaving, not coming. But we saw something else in Michigan. Read more. . .

 

Women at the helm of Michigan universitiesLSJ Logo speak about success

Lansing State Journal | April 27, 2012

 

Michigan is ahead of the curve in terms of having women at the helm of its major universities. Eastern Michigan, Michigan State University and the University of Michigan all have female presidents. "That's still pretty much unusual historically and even currently across the country," says Michael Boulus, executive director of the Presidents Council, State Universities of Michigan. Read more. . .

 

DATA SUPPORTING THE TURNAROUND PLAN


The Imperiled Promise of College

 

by Frank Bruni, April 28,2012

 

FOR a long time and for a lot of us, "college" was more or less a synonym for success. We had only to go. We had only to graduatNew York Times Logoe. And if we did, according to parents and high-school guidance counselors and everything we heard and everything we read, we could pretty much count on a career, just about depend on a decent income and more or less expect security. A diploma wasn't a piece of paper. It was an amulet.  Read more. . .

BLM ON THE RADIO


Spartan Radio focuses on BLM's

Michigan Turnaround Plan & the New Michigan strategy

 

Michigan State University President Lou Anna Simon and Spartans Athletic Director Mark Hollis hosted Doug Rothwell, President aMSU Logond CEO of Business Leaders for Michigan (BLM), for a discussion on BLM, the 2012 Michigan Turnaround Plan and the New Michigan strategy to grow 500,000 new jobs over the next 10+ years. 

 

Click here to listen to the radio show.

 

IN THE NEWS


Ohio advocates say state's repeal of personalMLive Logo property tax is attracting new business; statistics on jobs lacking, however

MLive | April 27, 2012

 

While Michigan tinkers with its tax structure in an effort to improve its business climate, its neighbor to the south already is collecting accolades and attracting investments.

 

Site Selection magazine, in its March issue, awarded Ohio its Governor's Cup for attracting 498 major capital investment projects in 2011, the most among the 50 states. Michigan ranked 18th with 85 capital projects. 

Read more . . . 

Joel Kotkin: The Great California Exodus

A leading U.S. demographer and 'Truman Democrat' talks about what is driving the middle class out of the Golden State

Wall Street Journal | April 20, 2012

 

'California is God's best moment," says Joel Kotkin. "It's the best place in the world to live." Or at least it used to be.

 

Mr. Kotkin, one of the nation's premier demographers, left his native New York City in 1971 to enroll at the University of California, Berkeley. The state was a far-out paradise for hipsters who had grown up listening to the Mamas & the Papas' iconic "California Dreamin'" and the Beach Boys' "California Girls." But it also attracted young, ambitious people "who had a lot of dreams, wanted to build big companies." Think Intel, Apple and Hewlett-Packard. Read more. . .

Real signs of economic recovery bloom across Michigan

Detroit News | April 29, 2012

 

Like the first buds of spring, signs of an economic recovery are popping up all over metro Detroit and the state.

 

In Oakland County, economic development officials are swamped with new business investment projects, which are up 70% from last year's levels. Read more. . . 

 

 DetFreep unemployment chart

Links

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About Us

 

Business Leaders for Michigan, the state's business roundtable, is dedicated to making Michigan a "Top Ten" state for job, economic and personal income growth. The organization is composed exclusively of the chairpersons, chief executive officers or most senior executives of Michigan's largest companies and universities, which contribute nearly 25% of the state's economy and provide over 320,000 jobs in Michigan, generate over $1 Trillion in annual revenue and serve over 135,000 students.
 

Find out more at:  www.businessleadersformichigan.com

 

Business Leaders for Michigan
600 Renaissance Center, Suite 1760, Detroit, MI  48243-1802
Phone: 313.259.5400
E-Mail Address: info@businessleadersformichigan.com