Lansing Regional Chamber / LEAP publish landmark research report
LANSING, Michigan (WILX) – A recently completed assessment of the Lansing Area’s competitiveness in relation to similar thriving regions across the country is designed to serve as a template for developing strategies to strengthen Greater Lansing’s position nationally and globally.
The first benchmarking report on the state of the Lansing Region was produced as a result of a partnership between the Lansing Regional Chamber of Commerce (LRCC), the Lansing Economic Area Partnership (LEAP) and 10 leading business and education actors.
“Our collective futures look bright in a highly competitive global economy,” said Tim Daman, President & CEO of LRCC. “However, we need to accelerate our efforts to successfully compete for future jobs and investments. One of the first steps was to compare our region with thriving communities and identify our competitive strengths, growth opportunities and a regional vision. “
“The Lansing area is currently experiencing historic growth with ongoing investments of $ 3.2 billion. However, the region must continue to compete for economic investment and jobs nationally and globally, ”said Bob Trezise, President & CEO of LEAP. “This report will actively guide us towards important goals and strategies that will lead to further growth. It will not be easy, but we must face this challenge with confidence. “
LRCC and LEAP commissioned the Anderson Economic Group to carry out the benchmarking study.
The economic data included in the report is for 2014-2018, the most recent economic data available at the end of 2019. The following first benchmarking report on the state of the Lansing region compares the Lansing region with 42 indicators compared to 11 comparison regions.
In alphabetic order:
- Ann Arbor, Mich.
- Columbus, Ohio
- Des Moines, Iowa
- Durham, NC
- Grand Rapids, Me.
- Greenville, SC
- Hartford, Conn.
- Indianapolis, Ind.
- Madison Wis.
- Minneapolis / St. Paul, Minn.,
- and Nashville, Tenn.
Of the 42 economic indicators, four were characterized by a short-term strategic focus based on their long-term economic growth: population growth, educational attainment, private sector growth and affordability.
Lansing’s state of the region benchmarking report will be presented at a community roundtable on Tuesday, May 4th at 10am. This roundtable is streamed on WILX.com and the WILX Facebook page.
The partners plan to set up the Steering Committee for the Path to Prosperity in Lansing 2025, which will develop action strategies from the benchmarking report on the first status of the Lansing region and propose alignment with existing regional economic plans.
The entire benchmarking report on the state of the Lansing region can be found HERE. The public is urged to download and share the report. Questions can be directed to [email protected]
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