We always knew it here at metromode. Michigan's economy is
diversifying, not crumbling before our very eyes. A new study from the University of Michigan's Center for Local, State, and Urban Policy studies the transformation and points out some bright spots.
Two of the study's findings were:
* Small firms -- those with five to nine employees -- reported growth in the educational services (25.6 percent), finance and insurance (24.8 percent), and management of companies (35 percent) sectors between 1998 and 2004.
* Michigan ranked No. 1 nationwide for "industry performed research and development activities as a share of private industry output," according to the National Science Foundation study. The state ranked ninth in research and development performed by universities and colleges.
Read the entire article
here.
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