Three different types of businesses tend to congregate in different regions of Michigan, leading to lost opportunities and uneven economic growth. A U-M professor suggests a solution.
Excerpt:
"When it comes to economic growth in Michigan, one size does not fit all. Take a look at the varying scope and scale of companies here and you’ll find a general pattern of three different types of businesses associated with different regions: large multinational corporations in Southeast Michigan, small high-tech start-ups in Ann Arbor, and family-owned, mid-size companies in Western Michigan...
In an ideal world, these three different economies would be interconnected like concentric circles with the large companies at the center, encouraging the growth of adjacent mid-size companies, in turn promoting the development of surrounding smaller companies.
The problem is that these three economies simply don’t sync up. They are so disconnected from each other, both ideologically and economically, that we don’t benefit from the rewards of their potential synergistic relationships. It’s time to bridge the gaps between these three regions."
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