June 12, 2023
Researchers say tax breaks for large businesses won’t be enough to fix Michigan’s aging-population problem.
Driving the news: Major investments to revitalize communities are necessary to retain young residents and attract immigrants to combat declines in the state’s competitiveness and quality of life, according to researchers at Michigan’s Citizens Research Council and research institute Altarum, which recently published several reports on the state’s population.
- There’s a new push to attract working-age people and young families to the state being led by Gov. Gretchen Whitmer, who appointed a chief growth officer and announced the creation of a task force to identify population goals.
- The governor echoed researchers’ findings at the Mackinac Policy Conference this month, saying the state must revitalize communities to make them more attractive places to live, work and play.
Why it matters: The state is projected to start losing population naturally due to aging as there are currently more deaths than births, which could have major implications for the state’s tax base.
- From 2000 to 2020, only West Virginia grew more slowly than Michigan.