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MACKINAC ISLAND, Mich. – Today at the Mackinac Policy Conference, Gov. Whitmer detailed her economic agenda, including the unveiling of the three pillars of her bold $2.1 billion MI New Economy plan to grow Michigan’s middle class, support small businesses and invest in communities.
“I am laser-focused on tackling these big, structural challenges by growing Michigan's economy, creating good-paying jobs and building industries of the future,” said Gov. Gretchen Whitmer. “The MI New Economy plan is a good start, and I look forward to working with key partners, the legislature and anyone who wants to put Michigan's families, communities and small businesses first as we make these investments.”
The plan recognizes a strong economy isn't only about creating jobs, but requires a focus on our state's people and communities as well. That's why MI New Economy has three pillars, each of which has specific and ambitious goals that will help state officials track progress on efforts to build a stronger and more resilient Michigan.
Pillar 1: Grow the Middle Class - No economic vision for the state can be complete if it doesn't focus on eliminating poverty and lifting families into the middle class.
Pillar 2: Support Small Business - To supplement the great economic development work our state already does, Michigan needs a focus on creating and growing more Main Street businesses.
Pillar 3: Build Strong Communities - Michigan's residents deserve to live in vibrant communities with the kinds of services and amenities associated with a high standard of living.
“This plan will result in better jobs, better skills, more people re-entering the labor force and more people staying – and moving to – Michigan,” said Lt. Governor Garlin Gilchrist II. “It will result in a new economy, a better economy, one that expands economic opportunity and prosperity for all.”
These pillars address the state’s largest economic challenges:
MI New Economy also builds on some of the most recent initiative successes that have helped Michigan build back successfully:
"Michigan cannot achieve a prosperous, equitable economy without vibrant communities. Investments in core assets like housing and broadband internet are essential to making our state more attractive both to existing residents and the entrepreneurs and workforce of the future,” said Luke Forrest, Executive Director, Community Economic Development Association of Michigan (CEDAM). “On behalf of hundreds of community-based organizations, we stand ready to help achieve this MI New Economy vision.”
To learn more about the MI New Economy plan, the state’s economic and workforce challenges and successes the state has seen to date, visit www.michigan.gov/MINewEconomy.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.
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