By Governor Rick Snyder
January 27, 2013
When it comes to gauging Michigan's economic pulse, the team at Dewpoint Inc. has a pretty good feel.
The Lansing-based information technology consulting and integration firm serves several industries, including biotechnology, financial services, government, health care, insurance and manufacturing.
Business activity in those sectors is fueling a demand for Dewpoint's services, allowing the company to add 27 employees in 2012, mostly in Michigan. The outlook is so promising that Dewpoint plans to hire up to 30 people for its 77-person team this year.
With offices in Illinois, Indiana and Ohio, Dewpoint could relocate if it chooses. But company officials say they see an increasingly bright future in Michigan and are excited to call it home.
Dewpoint's story is impressive and welcomed -- but not unique. Across our state, job creators of all sizes are putting more families to work. Michigan's economic climate is improving, and it's not by accident. It reflects the numerous reforms made at the state level, the tremendous talent of Michigan's workers, and the innovation of our job providers.
Take last week's Michigan Strategic Fund action. Fourteen new business development and community revitalization projects topping $1 billion in investment were approved. More than 4,500 new jobs are projected.
The Free Press recently questioned when the results of our reforms will become apparent. Keep in mind that many of them are fairly new and others haven't taken effect. The Corporate Income Tax, which replaced the job-killing Michigan Business Tax, has only been on the books for a year, while the recently enacted Personal Property Tax reform and right-to-work law are not in effect.
When viewed as a whole, though, there's no doubt that our tax, budget and regulatory reforms give job providers greater confidence in Michigan's economy. That's great news for working families. Consider the following:
- Small businesses added more than 14,300 jobs in Michigan last year, according to the Small Business Association of Michigan.
- Through the Michigan Business Development Project, we know that dozens of Michigan companies have made plans to expand their businesses here by hiring Michiganders since the simpler, fairer Corporate Income Tax law was signed.
- Auto companies continue to make sizable investments in Michigan.
- After being the only state to lose population in the last decade, Michigan actually saw a slight increase last year.
- Michigan has the sixth-fastest growing economy in the nation.
This isn't about credit or blame. It's about working together with relentless positive action so families have good jobs and children have great futures. And our work isn't done.
Unemployment, down significantly from the 14% mark of just a few years ago, remains unacceptably high. I will continue working with my legislative partners on both sides of the aisle to help create more and better jobs.
We'll also tackle tough, long-ignored issues like road funding to make Michigan more attractive to job creators and improve the quality of life for all residents.
We're taking a hard look at the critical issue of talent supply and demand as well, to ensure that Michigan is producing talent with the skills that employers need in this technological age. This spring, we'll host economic and education summits to give this issue the attention it deserves.
Michigan's comeback has the rest of the nation talking. That's a credit to our entire state, but we're not content. Let's keep the momentum going and make Michigan No. 1.
Originally appeared in The Detroit Free Press