In a white paper published by the Michigan Economic Center at Prima Civitas, Foundation Director John Austin defines Michigan’s “Blue Economy” and estimates the economic impact of water-based economic activity at nearly one million jobs and $60 billion annually.
The paper was commissioned by the Governor’s Office of the Great Lakes as part of the development of an overall state water-strategy, and as a baseline report to launch the “Growing Michigan’s Blue Economy” Initiative. The initiative is designed to accelerate the growth of Michigan’s water-based economy. The Michigan Economic Center and Grand Valley State University Annis Water Resources Institute are leading the initiative with support from a C.S. Mott Foundation grant.
Austin defines the “Blue Economy” as the ways Michigan’s natural water assets, emerging water education and research centers,and technology-based businesses provide jobs and economic development benefits.