Testimony — Michigan Economic Development Corporation, MEDC's Vision (March 13, 2025)
Summary
A presentation of the Michigan Economic Development Corporation dated March 13, 2025, setting out MEDC's vision under the headings Investing in Our People, Competing for & Winning Projects and Revitalizing Our Places. The goals it lists include becoming a top 10 state for real median household income growth, achieving the largest net gain of talent in the Midwest, and leading the Midwest in new business starts. It names statewide impact industries, among them advanced manufacturing, clean energy and life sciences and medical devices, and regional impact industries, among them agribusiness, tourism and outdoor recreation, and logistics. The last slide lists contact details for Quentin L. Messer, Hilary Doe and others.
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“Testimony — Michigan Economic Development Corporation, MEDC's Vision (March 13, 2025).”
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MICHIGAN ECONOMIC DEVELOPMENT CORPORATION MEDC’S VISION FOR March 13, 2025 PEOPLE INVESTING IN QUR PEOPLE MEDC is working to keep our talented workers in the state and help more people see a future here by offering a range of resources designed to empower and grow a diverse, evolving workforce. Equitable, inclusive economic growth (shared COMPETING FOR & WINNING PROJECTS MEDC connects businesses with resources to secure investments that help them launch and grow, while also nurturing the communities around them. ysintssts WEED TALENTED Pe, OPLE To Cp v W PLACES REVITALIZING OUR PLACES MEDC works to create and support attractive spaces where talent wants to live and work, businesses want to locate, and travelers want to visit and explore. Economic and competitive position Stakeholder feedback Ensuring the Best Course for CYCLE OF CONTINUOUS STRATEGIC ASSESSMENT Industry sector health and focus Program Economic Growth Major trends and State and federal market forces policy priorities Op, INVESTING IN OUR PEOPLE MEDC is working to keep our talented workers in the state and help more people see a future here by offering a range of resources designed to empower and grow a diverse, evolving workforce. GOALS: « Become a top 10 state for real median household income growth Wo RK IN VIBRANT PLACES PEOPLE WANT T9 LIVE, ND REVITALIZING OUR PLACES MEDC works to create and support attractive spaces where talent wants to live and work, businesses want to locate, and travelers want to visit and explore. GOALS: ¢ Achieve largest net gain of talent in the Midwest ¢ Grow Michigan Main Streets 4 Nety bus PLACES NEED Busine... 5 10 toy COMPETING FOR & WINNING PROJECTS MEDC connects businesses with resources to secure investments that help them launch and grow, while also nurturing the communities around them. GOALS: ¢« Develop a resilient and equitable economy by becoming a top ten state in job growth in focus industries « Lead the Midwest in new business starts Focus Industries The MEDC is focused on supporting high-growth, knowledge-based industries that create a more resilient, equitable, and inclusive economy. STATEWIDE IMPACT INDUSTRIES Advanced manufacturing: defense, aerospace, and advanced materials Tech: semiconductors and cyber security Mobility and automotive manufacturing Clean energy Engineering, design, and development Life sciences and medical devices Professional and corporate services REGIONAL IMPACT INDUSTRIES Agribusiness Tourism and outdoor recreation industry Logistics Financial services Other manufacturing 20FATHOMS Small Business Support Hub | Traverse City + | MICHIGAN ECONOMIC £ DEVELOPMENT CORPORATION THANK YOU Quentin L. Messer, Jr. Hilary Doe messerq@michigan.org doeh@michigan.org 517.881.5861 517.897.1623 Tupac A. Hunter Bree Anderson Danielle McCann huntert1 @michigan.org andersonb3@michigan.org mccannd2@michigan.org 517.582.0973 517.643.2243 517.643.5450
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