Thursday, August 21, 2014

The Birthday of Lansing's 20th Century Economy

This is the day Lansing forgets to celebrate the founding of the Olds Motor Vehicle Company on August 21, 1897. That company fundamentally changed the area's economy forever.
For a century the area's economy was a three-legged stool: Oldsmobile/GM, state government and Michigan State University. GM employs roughly 8,000 in the region; MSU 10,500; state government 42,000.

Thanks in large part to the enlightened leadership of former Mayor David Hollister the economy has diversified with two more major pillars to boost the region: financial services/insurance (14,000 jobs), and healthcare (26,600 jobs). Yes, government doesn't create jobs. But an activist government can create be the catalyst.

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