To ensure a growing economy, Michigan must focus
economic retention and development strategies on the
manufacturing sector. Manufacturing investment brings high
value capital and an inherently high economic multiplier
effect — that is, for every direct job in manufacturing,
several other jobs are created by suppliers and service
providers, as well as indirectly through economic activity
and demand for retail, restaurants and consumer services in
the area. The benefits from manufacturing’s investments in
research and development, talent development, headquarters
and capital projects yield significant returns for communities.
Few other sectors can claim such benefits in terms of economic
growth. Since manufacturing remains the largest sector of
the state’s economy, Michigan must focus economic retention
and development strategies on the manufacturing sector
in a way that is nationally competitive.