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Monday, 17 May 2021 23:22

Michigan Business Leaders Expect Robust Economic Recovery, Return to Partial In-Person Work

Written by Scott McClallen, The Center Square
Downtown Detroit. Downtown Detroit. Shutterstock photo

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Michigan’s business leaders anticipate robust growth in the state’s economy within the next year.

They also plan a return to in-person office work in the third and fourth quarters of 2021, according to a quarterly economic survey completed by Business Leaders for Michigan.

 

Approximately 92% of survey respondents say the state’s economy will likely remain strong and growing during the next six to 12 months.

 

“With our progress on vaccination and the influx of federal stimulus dollars into Michigan, the state’s largest employers are predicting a strong period of economic growth,” Jeff Donofrio, president and CEO of Business Leaders for Michigan, said in a statement. “Whether that growth will be sustained depends on if our state’s policymakers invest federal stimulus funding strategically to make Michigan more competitive in the future.”

 

The state last week exceeded 55% of Michiganders ages 16 and older injected with a first vaccine dose, meaning remote work will no longer be mandatory after May 24.

 

“Even with the removal of restrictions on in-person office work, most businesses---nearly 80%---are planning for a gradual return,” Donofrio said. “Employers continue to be focused on making sure workplaces are safe and that employees have more flexibility in how and where they work, even after in-person office work returns. They also know that expanded childcare options and in-person instruction at K-12 schools is necessary for many employees to return to the physical workspace.”

 

The benchmark follows 14 months of workers disappearing from downtowns statewide as they worked from home, depriving local downtown businesses of vital foot traffic.

 

While surveyed executives said they believe the vast majority of Michigan workers will return to the office post-COVID, 93% of employers plan to...


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