Evaluating the Michigan Business Development Program
CREC led a team that includes the W. E. Upjohn Institute and Business Development Advisors to Determine the return on investment (ROI) for the Michigan Business Development Program based on verified disbursements to companies and job creation activity. The study also examined the ROI projected with that estimated from actual results, assessing the validity of current ‘but for’ and ‘break-even’ analyses. In addition, CREC compared the MBDP to other states. MEDC asked for CREC recommendations on ways to improve the program design as well as MEDC’s methods for conducting its due diligence and evaluation.
About the Client
Michigan Economic Development Corporation
The Michigan Economic Development Corporation, in collaboration with more than 100 economic development partners, markets Michigan as the place to do business, assists businesses in their growth strategies, and fosters the growth of vibrant communities across the state.
CREC Internship Profile: Lakeisha Skinner
July 24, 2018
Each year, the Center for Regional Economic Competitiveness (CREC) hires a number of interns who help the organization during the busy summer period. Each is offered an opportunity to learn how the organization helps municipalities, states, and regions respond to changes in local job markets; and CREC specifically works with undergraduate and graduate students who need academic credit. […]