Michigan’s Marshall Plan for Talent
04 Jun, 2018
Michigan understands that businesses of all sizes look for a talented workforce when they consider places to grow and relocate, as Detroit learned in their recent Amazon bid. Recently, Michigan Governor Rick Snyder announced his Marshall Plan for Talent to create a partnership between educators, employers and other stakeholders to transform Michigan’s talent pipeline and redesign the way Michigan invests, develops and attracts talent.
Throughout the country, many states are facing a talent shortage across multiple in-demand industries. The Marshall Plan focuses specifically on growing and building talent in those key industries within the state of Michigan.
In February, Michigan Governor Rick Snyder presented the Marshall Plan for Talent to make dramatic changes to how the state prepares people for 21st century economy careers. The plan brings together education and business to transform Michigan’s talent pipeline and redesign the way the state invests in, develops and attracts talent, focusing on lifelong learning. Understanding that the demand for talented workers in dynamic fields such as IT and computer science, manufacturing, healthcare and other Professional Trades will continue to grow, the plan aims to prepare Michiganders to fill the 811,000 high-wage, high-demand job openings in Michigan through 2024.
The Marshall Plan will invest an additional $100 million over five years in innovative programs to revolutionize the talent and education system, including competency-based education and certification, assistance to schools to improve curricula and classroom equipment, career exploration for students as well as support for career navigators and teachers.
The funding will complement the more than $226 million funding dedicated to ongoing talent development efforts in Michigan. Through policy changes, budgetary investments and partnerships, the Marshall Plan will shape the future of Michigan to ensure a stronger economy for years to come and will serve as an example to other states when it comes to talent growth and retention.