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Presentation on theme: "We’re writing a new story! And it’s.... We’re writing a new story! And it’s..."— Presentation transcript:

1 We’re writing a new story! And it’s...

2 We’re writing a new story! And it’s...

3 Economic Development Mission Drive Job Creation and Investment Top 10 State – Low Unemployment – Per Capita Income – GDP Growth – Young Adult Population Growth

4 Economic Gardening Nurturing existing firms primed for business growth Just 1% of all businesses nationwide create 40% of the new jobs.

5 Pure Michigan Business Connect A new $8 billion public/private initiative provides Michigan businesses with new ways to: Buy and Sell Products/Services Connect with Each Other Raise Capital Cultivate Growth

6 Economic Gardening Access to Customers Entrepreneurial Services Access to Talent Access to Business Assistance Access to Technical Support Access to Entrepreneurial Community Access to Real Estate Access to Capital

7 Business Connect Successes B2B: Consumers Energy ―Great Lakes Connect, East Lansing Company was awarded a $2 million contract to deliver high-tech broadband services ―20 additional personnel Export: Marquette Backcountry Ski ―Create a company with $100,000 investment ―Cash flow positive in 1 year ―Entirely made in Michigan

8 New Tools for Business Growth Replacing a complex incentive-based way of doing economic development with a restructured, tactical Toolkit $100 million for business attraction and economic gardening $25 million to fund the award-winning Pure Michigan campaign $25 million for business acceleration New push to increase exports

9 Michigan Business-to-Business Network New Michigan Spending Consumers Energy - $250 million over 5 years DTE Energy - $250 million over 5 years

10 Simple, Fair & Efficient CIT Now one of the best tax climates in the United States Removed tangled web of incentives that unfairly favored certain businesses and removed long term liabilities Propelled our state’s corporate tax ranking from 49 th to 7 th (Tax Foundation) Improved our overall business tax climate from 18 th to 12 th (Tax Foundation)

11 National Business Campaign

12 Partnerships

13

14 http://www.youtube.com/watch?v=cWyZ1B nXYLg&feature=player_embedded http://www.youtube.com/watch?v=cWyZ1B nXYLg&feature=player_embedded


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