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Institute launches “Re-imagining companies” class in collaboration with Center for Entrepreneurship

Former research associate Nour Arafat discusses her experience in product development with class. The Economic Growth Institute launched its first course this semester teaching students the fundamentals of how to evaluate a company and strategize its growth opportunities.  Titled “Re-imagining companies”, the course is offered in partnership with the Center for Entrepreneurship.  During the semester,

Defense Manufacturing Assistance Program Delivers Strong Results

The Defense Manufacturing Assistance Program (DMAP) released final results demonstrating tremendous impact on business growth, innovation, and community resiliency. The Economic Growth Institute at the University of Michigan, along with its partners at Purdue University and The Ohio State University, collaborated to deliver critical support and services to companies and communities impacted by downsizing of

Dispatching business expertise to Michigan companies: U-M helps UP firm grow sales

by Kim North Shine Neuvokas Corp., a manufacturer in Ahmeek, Mich., a village with a population of about 200 in the Upper Peninsula, could have been among the more than half of manufacturing startups that fail in Michigan. But with its forward-looking leadership and the support of the Economic Growth Institute at the University of

U-M programs spur job growth, receive economic development award from International Economic Development Council

By Alex Piazza Office of Research The largest international economic development organization has recognized a University of Michigan institute for successful implementation of innovative programs that have helped create more than 1,000 high-tech jobs throughout the state. The university’s Economic Growth Institute recently received the International Economic Development Council’s Excellence in Economic Development Award for

DMAP to present on Business Assistance and Diversification Strategies for the Defense Supply Chain

The Defense Manufacturing Assistance Program (DMAP) will present on business and diversification strategies at Automation Alley in Troy, Michigan.  This free event is hosted by Automation Alley.

$8M Defense Department grant aims to address downsizing

Michigan, Ohio and Indiana have lost more than 6,800 defense supply-chain positions in recent years—cuts spurred largely by the ending of two foreign wars and the current federal fiscal environment. Based on a successful pilot project, the U.S. Department of Defense’s Office of Economic Adjustment has awarded $8 million to U-M’s Institute for Research on Labor, Employment and the Economy to assist communities and companies in the three states that have been impacted by these job losses.

IRLEE representatives collaborate to develop trade zones

Due to the downsizing of the National Defense budget, local trade zones have experienced labor and economical instability as a result of reduced defense contracts. The Next Michigan Superior Trade Zone (STZ) in particular has undergone such changes and has looked to the Defense and Manufacturing Assistance Program (DMAP) to reconstruct business opportunities and boost

Michigan unemployment rate remains 4.8% for April

Michigan added 6,000 new jobs in April and the state's unemployment rate remained unchanged at 4.8% as the state's workforce continued to expand. The state’s unemployment rate in April was two-tenths of a percentage point below the national rate of 5%.  The U.S. jobless rate was also unchanged from March to April. And some geographic areas are

State of Michigan faces $460M deficit; painful cuts to be made

The state of Michigan is facing a $ 460 million deficit over the next two years. That means some painful cuts will have to be made - including state services you depend on. That means officials will have to cut costs and state services you depend on could be on the chopping block. But at

5 things to know about the 44,153 jobs coming to Oakland County by 2018

Oakland County's job growth will continue through 2018, according to researchers who expect the unemployment rate for Michigan's second-most populated county to fall to 3.3 percent in three years. That was just part of the forecast showcasing Oakland County's recovery presented Thursday, May 5, by University of Michigan economists George Fulton and Donald Grimes at the