Detroit region’s economy most high-powered in Michigan
Despite past setbacks, southeast Michigan is still the state's significant economic engine – and that's not likely to change. Excerpt: “The southeast side is going to be the center for economic activity for many years,” said George Erickcek, an analyst for the Kalamazoo-based Upjohn Institute for Employment Research. “It is going to be a long time before the west side of the state matches the east side of the state…. The Detroit region’s share of the state economy has dropped, however, from 54.7 percent in 2001 to 52 percent in 2013. And the area’s GDP last year is 8 percent below its peak in 2005. But the Detroit-area’s most critical business sectors are gradually clawing back, with health care emerging as a vital new area of growth." More here.
Despite past setbacks, southeast Michigan is still the state’s significant economic engine – and that’s not likely to change.
Excerpt:
“The southeast side is going to be the center for economic activity for many years,” said George Erickcek, an analyst for the Kalamazoo-based Upjohn Institute for Employment Research. “It is going to be a long time before the west side of the state matches the east side of the state….
The Detroit region’s share of the state economy has dropped, however, from 54.7 percent in 2001 to 52 percent in 2013. And the area’s GDP last year is 8 percent below its peak in 2005. But the Detroit-area’s most critical business sectors are gradually clawing back, with health care emerging as a vital new area of growth.”
More here.
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