2015 ECONOMIC OUTLOOK HEALTH CHECK
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1 2015 ECONOMIC OUTLOOK HEALTH CHECK Lansing Reg. Chamber
2 ABOUT THE PROGRAM The Economic Outlook Health Check is a survey that gathers the perspectives of working men and women on the outlook for their organizations. A number of US and Canadian chambers of commerce, convention & visitor bureaus, and economic development councils invited their members to complete the health check. Commentary in this report applies to the aggregate results, shown along with the Lansing Reg. Chamber results. 1
3 RESPONDENTS A total of 452 responses were collected across the US and Canada We received 20 responses from Lansing Reg. Chamber members 2 Please exercise caution when analyzing data with small sample sizes.
4 COMPANY / ORGANIZATION PLANS The aggregate 6-month outlook is relatively strong (82%), with an even stronger 12-month outlook (87%) and 3-year outlook (86%). OUTLOOK Lansing Reg. Chamber AGGREGATE Difference The overall ourlook for my company / organization is excellent for: 6 months 82% 82% 0% 12 months 88% 87% 0% 3 years 83% 86% -3% COMPANY /ORGANIZATION PLANS Lansing Reg. Chamber AGGREGATE Difference In 2015, my company / organization plans to: Hire more people 82% 56% 26% Remain in state / province 100% 98% 2% Expand within state / province 65% 39% 26% Expand within country 43% 24% 19% Expand globally 21% 12% 9% 3
5 COMPANY CULTURE Respondents affirm the integrity of their company/organization leaders, while indicating opportunities to better involve staff and improve overall performance. COMPANY CULTURE Lansing Reg. Chamber AGGREGATE Difference My company / organization: Has leaders with integrity 100% 99% 1% Is focused on adapting to change 95% 95% 0% Articulates a vision for the future 89% 87% 2% Is an example of high performance 83% 83% 0% Involves all staff in decision-making 76% 71% 5% 4
6 Quality of life items rank high, such as places of worship and public safety. However, economic enablers tend to rate low, such as talent pool and infrastructure. My local community has excellent: LOCAL COMMUNITY LOCAL COMMUNITY Lansing Reg. Chamber AGGREGATE Difference Places of worship 100% 97% 3% Emergency services 95% 90% 5% Public safety 89% 89% 0% Parks and recreation 89% 87% 2% Water and sewage 89% 80% 9% Human services/social welfare 92% 79% 13% Schools/Education 72% 78% -6% Business space/leases 94% 73% 22% Hospitals 89% 72% 17% Cultural institutions 83% 63% 20% Infrastructure other (e.g., internet, cell coverage) 89% 62% 26% Economic development 56% 61% -6% Colleges and universities 100% 60% 40% Housing market 72% 58% 15% 5 Infrastructure vehicles (e.g., roads, bridges) 32% 56% -24% Talent pool/labor pool 44% 49% -4% Public transportation 78% 31% 46%
7 ECONOMIC REGION Economic regions welcome businesses and embrace entrepreneurialism, but are not unified in economic development and do not have a vibrant technology hub. ECONOMIC REGION Lansing Reg. Chamber AGGREGATE Difference My economic region in the state / province: Is welcoming to business 95% 74% 21% Embraces entrepreneurialism and innovation 84% 72% 12% Has unparalleled quality of life 47% 64% -17% Has a forward-looking culture 79% 62% 17% Collaborates well to facilitate progress 58% 51% 7% Has a large pool of educated talent 68% 49% 19% Is unified in pursuit of economic development 63% 45% 19% Has an educational system that is second to none 47% 44% 3% Is a vibrant technology hub 58% 31% 27% Has an efficient mass transportation system 35% 16% 19% 6
8 STATE / PROVINCE States and provinces do well in creating places for raising a family, but a weak economy adds to the middling performance in satisfying young professionals. STATE / PROVINCE Lansing Reg. Chamber AGGREGATE Difference My state / province: Is a great state for raising a family 94% 92% 3% Is open to people from out of state 94% 84% 10% Is business-friendly 84% 77% 7% Great place to start a business 67% 76% -9% Is on the right track 94% 73% 21% Has effective business, nonprofit, and government 89% 71% 18% Is a great state for young professionals 78% 69% 8% Has a strong, vibrant economy 79% 59% 20% 7
9 2015 PRIORITIES Attracting and retaining top talent, improving education (K-12), and fixing roads and bridges are the top priorities for states / provinces in PRIORITIES Lansing Reg. Chamber AGGREGATE Difference What should be the top priorities for your state / province in 2015: Attracting and retaining top talent 94% 92% 2% Improving education 88% 91% -3% 8 Fixing roads and bridges 100% 90% 10% Lower healthcare costs 82% 87% -5% More available skilled labor 69% 86% -17% Simpler regulatation 76% 81% -5% Ensuring clean water 75% 79% -4% Lower energy costs 71% 78% -8% Lower taxes 65% 71% -6% Better access to capital 63% 68% -5% Revitalizing major cities 76% 67% 9% Improving parks and recreation 73% 62% 11%
10 2015 ECONOMIC OUTLOOK HEALTH CHECK ANN ARBOR MI (734)
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