Business Leaders for Michigan Release Survey with Good News for Michigan Prospects

We hear some bad news about inflation, social strife, international conflict and much more (Yikes...its all depressing! 😟) Sometimes good news makes it into the headlines. Some of us might skip right over it but before we do let me say....there are some positive things happening in Michigan (Yes our R and D politicians have shown that working together can pay dividends. I know! I know! Its impossible! Yet, when state decisions are made through collaborative problem solving the state/nation can find fertile investment ground. ) The good news is that based on a recent survey the vast majority of executives believe business employment and capital investment will improve even if we are reaching high levels of employment (i.e. difficulty finding employees is a chance to innovate. Perhaps lemons to lemonade. 🍋)

The survey was conducted by Business Leaders for Michigan, an organization that wants to make Michigan a Top Ten state for jobs, education, and economy

Highlights:

-85% of survey respondents expecting to have trouble filling positions over the next 6-to-12 months.
-49% of survey respondents expect inflation to continue, 34% expect it to increase and 16% down over the next 6-to-12 months.
- 70% of executives say their business is doing better than before the pandemic.
-55% of executives say the Michigan economy will stay the same, 22% say it will improve, and 24% say it will get worse over the next 6-to-12 months.
- 94% of executives expect their company’s employment and capital investment to stay same or grow 6-12 months.
-75% expect their company’s real estate footprint to remain the same, while 4% expect it to increase and 21% expect it to decline over the next 6-to-12 months

You can read more in, March 3rd, 2022 press release' MICHIGAN BUSINESS LEADERS CONFIDENT ON MICHIGAN ECONOMY, BUT FEEL THE IMPACTS OF LABOR SHORTAGES AND INFLATION'