Opportunity 

The greatest indicator of the strength of our economy is our poverty rate and median household income. 

In 1998, Michigan ranked __ in median household income. Today, our median household income is 

A place with a per capita income consistently above the national average in both expansions and contractions.

Our Approach: Identify the most successful areas in the country and try to figure out what distinguished them from us, what assets we most need to nurture here

We found the common characteristics of almost all states with the highest per capita income are:

An over concentrated compared to the nation in the proportion of wages coming from knowledge-based sectors
A high proportion of adults with a four-year degree
A big metropolitan area with even higher per capita income than the state

In that big metropolitan area, the largest city has a high proportion of its residents with a four-year degree or more.

To us the clear message from the data is that the key to economic growth is talent. There are no quick fixes, the Michigan economy is going to continue to lag the nation for the foreseeable future. But there is a path back to high prosperity.
A high prosperity Michigan. A place with a per capita income consistently above the national average in both expansions and contractions.

Our Approach: Identify the most successful areas in the country and try to figure out what distinguished them from us, what assets we most need to nurture here

We found the common characteristics of almost all states with the highest per capita income are:

An over concentrated compared to the nation in the proportion of wages coming from knowledge-based sectors
A high proportion of adults with a four-year degree
A big metropolitan area with even higher per capita income than the state

In that big metropolitan area, the largest city has a high proportion of its residents with a four-year degree or more.

To us the clear message from the data is that the key to economic growth is talent. There are no quick fixes, the Michigan economy is going to continue to lag the nation for the foreseeable future. But there is a path back to high prosperity.