By Nick Parish
All this looks like small beer compared to the meltdown here on Wall Street this month, but I was back in Michigan over Labor Day and found myself thinking the state’s huge production incentives program isn’t being fully utilized.
Up North, things are particularly bleak. In the town where my parents stay, Boyne City, 95 people started Labor Day weekend with a pink slip, as LexaMar, one of the biggest corporations in the town of 3500 laid them off on Friday. It made small talk everywhere, downtown, strolling past the classic cars on display, at the police-sponsored drag race at the city airstrip, another midsized manufacturer slicing off jobs as the economy expels another ragged breath.
The one point of light in a state with its biggest industry, automobiles, breaking down, is film production. It’s exceptionally cheap to shoot anything in Michigan right now, and that has ushered in the closest thing to a business renaissance the region has seen in years, at least the latest Band-Aid to create an economic buffer around the doomed car business, like Oakland County Executive L. Brooks Patterson’s Automation Alley plan that began about a decade ago.