John Austin at the Michigan Economic Center has a plan: build Michigan’s economy by investing in our universities, the State’s singular “innovation ecosystem,” as MLive explains,
Austin recommends altering Michigan’s economic development platform to invest further in what he called the “innovation ecosystem.”
“Incentive dollars (to get companies to move to Michigan) are not very effective in economic development,” Austin said. Instead, he said, a $20 million shift to create an innovation investment fund could attract four times that amount from private investors – and, with reinvestment, turn into a billion-dollar jobs engine.
“That’s an easy one to do,” Austin said. “The venture and innovation community in Michigan is foursquare behind building this.”
Seems like such an easy thing to do, invest in our schools and not in business handouts, too bad we’re missing a Legislature willing to make the deal.
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