Job creation is a big topic here in Michigan and one area that has seemed to work in the past is somewhat being passed over: the states high-end colleges and universities.
Excerpt:
Michigan continues to grapple with the question of how it can revive its economy and invest in its long-term prosperity. The answer is university research.
But unlike other states, Michigan has yet to develop a comprehensive strategy for leveraging its world-class universities.
Michigan is on the right trajectory. The 21st Century Jobs Fund promotes entrepreneurship by financing start-up companies, and universities receive funds for promising research.
But Michigan has not created programs that directly promote the commercialization of university research. The University Research Corridor, an alliance between Michigan, Michigan State and Wayne State, aims to transform the state's economy through research and technology. But the creation of the URC reflects the entrepreneurial spirit of university leaders more than a concerted strategy from our state government.
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