05/02/2024 | News release | Distributed by Public on 05/02/2024 09:03
The Detroit Regional Chamber's 2024 Policy Prioritiesreflect an ongoing commitment to shaping a prosperous future for the Detroit Region. The Chamber's Government Relations team outlined these priorities that address pressing challenges and seize growth opportunities, underscoring the importance of fostering innovation, nurturing talent, and promoting economic prosperity in the Region.
Below is a summary of each policy priority and its guiding principles:
A thriving business environment is essential for Michigan's global competitiveness. To this end, the Chamber advocates for policies that streamline government processes, maintain competitive tax levels, particularly payroll taxes, and discourage local governments from imposing burdensome regulations. Consistency in policy across administrations is crucial for creating a conducive environment for business growth and investment.
Holistic economic development incentives are imperative for Michigan's continued growth. Initiatives like the R&D tax credit encourage high-wage, knowledge-based jobs, bolstering the state's innovation ecosystem and attracting talent and investment. Additionally, establishing a payroll credit for job creation and supporting entrepreneurship through an evergreen fund are vital to fostering economic resilience and expansion.
A skilled workforce is the backbone of a thriving economy. The Chamber is committed to increasing postsecondary educational attainment rates and promoting continuous college enrollment and completion. Creating financial incentives for employers and educational institutions to offer wrap-around services ensures that our workforce has the skills and knowledge needed to succeed in the 21st-century economy.
Michigan can solidify its position as a global leader in mobility innovation by investing in talent development, infrastructure, and smart technology. Promoting collaborative economic development efforts are essential for enhancing the Region's attractiveness to businesses and talent. The Chamber and MICHautoadvocate and support Michigan's prosperous mobility future.
Regional collaboration is key to addressing common challenges and maximizing growth opportunities. The Chamber advocates for coordinated regional transit and supports local ordinances that encourage job growth and investment by fostering open dialogue and fiscal responsibility, laying the groundwork for sustainable and inclusive regional growth.
A stable democracy and equitable economic policies are fundamental to Michigan's long-term success. The Chamber supports bipartisan participation across all levels of government and efforts to provide capital to minority entrepreneurs and businesses. By advocating for innovative criminal justice strategies and inclusive economic policies, the Chamber strives for Michigan to be more equitable and prosperous.