Thursday, October 08, 1998
Michigan is a leader in IT business growthAt the Information Technology Summit held today in Dearborn, Governor John Engler hailed the growth of the Information Technology (IT) industry in Michigan, noting the state's national leadership in attracting IT businesses."The word about the Information Technology industry in Michigan is getting out," Governor Engler said. "We've got the talent. We've got the markets. We've got the quality of life. We've got it all. Michigan's Information Technology industry has arrived."The Governor highlighted Michigan's dominance in the IT industry:
- Michigan has made the largest percentage leap in the nation in terms of venture capital now under management in Michigan -- more than a $400 million increase last year alone.
- More than 2,500 software companies have concentrated their businesses in a "software belt" that runs from Ann Arbor, to Dearborn, to Lansing, to Grand Rapids.
- Michigan is home to Internet I and now Internet II.
- Michigan has three cities in the Top 25 list of the fastest growing IT communities in the country.
- Michigan ranks the top three along with California and Virginia in the number of software companies focused on systems integration and design.
To keep Michigan at the forefront of the IT industry, the Governor said Michigan has the largest commitment of any state -- in excess of $30 million -- to form a Michigan Virtual University. In addition, the Michigan Jobs Commission is working with the Michigan Information Technology Commission in finding ways to eliminate barriers to IT business growth."The best Michigan can do for business growth is to move forward on education reform," said Engler. "Whether it's more trade schools, my Reading Plan for Michigan, Freedom Schools or on-line advanced placement and tutoring programs, they all move Michigan forward toward becoming first in the 21st century."