2015 Michigan Economic Survey Shows Optimism Among Business Leaders
Friday, February 13, 2015
Posted by: Michelle Rahl
For Immediate Release Ross Woodstock
Kolt Communications, Inc
Monday, February 16, 2015 517-706-0001/517-410-7636
2015 Michigan Economic Survey Shows Optimism Among Business Leaders Regional Priorities Focus on Talent, Education and Infrastructure
(Lansing, MI) – The Lansing Regional Chamber of Commerce (LRCC) was a pleased to be a participating organization in the 2015 Economic Outlook Health Check, a survey that gathers the perspectives of working men and women on the outlook for their organizations. Top priorities for the state include fixing roads and bridges (97%), attracting and retaining top talent (96%) and improving education (94%).
On a regional level, businesses have a positive outlook for the next six months (82%), with an even stronger 12-month (88%) and 3-year outlook (83%). Several metrics ranked much higher than the aggregate for 2015 business plans including hiring more people (82%/56%), expanding within the state (65%/39%), expanding within the country (43%/24%) and expanding globally (21%/12%).
Quality of life factors continue to rank high among respondents, including places of worship (100%), emergency services (95%) and public safety (89%), public transportation (78%), hospitals (89%), higher education (100%) and cultural institutions (83%). However, economic enablers tended to rate lower, such as schools/education (72%), economic development (56%), infrastructure (32%) and the talent/labor pool (44%).
Statewide survey results show that respondents feel that their economic region is welcoming to business (81%) and embraces entrepreneurialism and innovation (78%). Areas for improvement include being a vibrant technology hub (54%) and being unified in economic development efforts (45%).
“The survey results reaffirm a number of membership surveys the Chamber has done over the past year stating that talent, education and infrastructure remain top issues for the membership at large,” said Tim Daman, President & CEO of the Lansing Regional Chamber of Commerce. “While the Greater Lansing region is definitely on the right economic track, this survey highlights the areas where improvements and stronger leadership is needed. The Lansing Regional Chamber continues to be an organization dedicated to advancing the economic prosperity of the Greater Lansing region.”
2015 Economic Outlook Health Check - Lansing Region
2015 Economic Outlook Health Check - State of Michigan
About the Lansing Regional Chamber of Commerce:
The mission of the Lansing Regional Chamber of Commerce (LRCC) is to be the preeminent business advocacy organization in the Greater Lansing region by collaborating for economic growth, creating new opportunities for our members and upholding pro-business ideals through the advancement of sound public policy. More information about LRCC and its programs and services can be found on any of its social media platforms, including www.lansingchamber.org, Facebook, Twitter (@Lansing Chamber), LinkedIn and YouTube.
About the 2015 Economic Outlook Health Check:
The Economic Outlook Health Check is a survey that gathers the perspectives of working men and women on the outlook for their organizations. A number of U.S. and Canadian chambers of commerce, convention and visitors bureaus and economic development councils invited their members to complete the health check. Commentary in this report applies to the aggregate results, shown along with the Lansing Regional Chamber of Commerce results. A total of 452 responses were collected across the U.S. and Canada, with 20 responses coming directly from Lansing Regional Chamber members.
In Michigan, the survey was distributed to the membership of the Detroit Economic Club, Detroit Regional Chamber, Grand Rapids Area Chamber, Ann Arbor/Ypsilanti Regional Chamber, Southwest Michigan First, Small Business Association of Michigan, Lansing Regional Chamber of Commerce, Greater Albion Chamber, River Country Chamber, Lake Superior Community Partnership and the Downtown Ironwood Development Authority.