Michigan’s Upper Peninsula (U.P.) is witnessing a notable economic resurgence, driven by strategic investments and collaborative efforts aimed at enhancing the region’s prosperity.
These developments are directly impacting residents, fostering job creation, and strengthening the local economy.
Recent data indicates a 2% increase in total private employment in the U.P. from the second quarter of 2015 to the second quarter of 2024, with employment figures nearing 83,500 in 2024.
While this growth is modest compared to the state’s overall 6.6% increase during the same period, it reflects a positive trend in the region’s employment landscape.
In October 2024, Governor Gretchen Whitmer announced a significant investment exceeding $5.5 million for projects in Houghton and Schoolcraft counties.
This funding aims to protect 85 high-paying jobs and support community revitalization efforts, including facility upgrades to reduce operating costs and emissions at a lumber plant, as well as the development of additional housing in downtown Manistique.
These initiatives align with a comprehensive economic development strategy focused on attracting investments, enhancing infrastructure, and supporting the local workforce.
The Upper Peninsula Economic Development Alliance (UPEDA) continues to play a pivotal role in fostering economic activities throughout the region.
By providing a robust network for members and partners, UPEDA facilitates information sharing, ongoing education, and supports business and entrepreneurial growth.
The alliance’s collaborative approach ensures that economic development activities are tailored to the unique needs of U.P. communities, promoting sustainable growth and resilience.
Looking ahead, Michigan’s economy is forecasted to grow moderately in 2025, maintaining a pace similar to that of 2024. Projections suggest that the state’s unemployment rate will stabilize, averaging around 4.1% for the year. Personal income is expected to grow solidly, outpacing inflation, which should boost real incomes and consumption.
To further bolster economic development, the Central Upper Peninsula Planning and Development Regional Commission (CUPPAD) has scheduled bi-monthly Comprehensive Economic Development Strategy (CEDS) meetings for 2025. These gatherings aim to engage stakeholders in discussions on economic strategies, ensuring that development plans align with the region’s goals and address the needs of its residents.
In March 2025, UPEDA is hosting a virtual meeting featuring distinguished leaders from the Upper Peninsula to discuss current business conditions and the economic outlook for the year. This event provides an opportunity for community members and stakeholders to gain insights into the region’s economic trajectory and participate in shaping its future.
Collectively, these initiatives and developments signify a concerted effort to revitalize the Upper Peninsula’s economy. Through strategic investments, community engagement, and a focus on sustainable growth, the U.P. is poised to enhance the economic well-being of its residents and reinforce its identity as a vibrant and resilient region.
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