This paper considers how a state such as Michigan can increase the economic development benefits of higher education. Research evidence suggests that higher education increases local economic development principally by increasing the quality of the local workforce, and secondarily by increasing local innovative ideas. These economic development benefits of higher education can be increased by: 1) competent management of conventional economic development programs that focus on business attraction and retention; 2) policies that focus on increasing local job skills by educating the state's residents, as opposed to attracting in-migrants; 3) policies that address specific "market failures" in how higher education leads to increased workforce quality or business innovations.
Contribution to Book
Increasing the Economic Development Benefits of Higher Education in MichiganUpjohn Institute Working Papers
SeriesUpjohn Institute Working Paper No. 04-106
**Published Version**Journal of Workforce Development 1(1) (2005): 19-28
Issue DateSeptember 2004
NotePresentation for Lt. Governor's Commission on Higher Education and Economic Growth, State of Michigan
Citation InformationBartik, Timothy J. 2004. "Increasing the Economic Development Benefits of Higher Education in Michigan." Upjohn Institute Working Paper No. 04-106. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research.