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Tuesday, 24 February, 2009 11:19 PM

Michigan's University Research Corridor Leader Addresses the Detroit Economic Club

Photo by Jeff Kowalsky

Jay Noren at the Detroit Economic Club on February 24, 2009

 

DETROIT -- The Detroit Economic Club (DEC) was pleased to host Wayne State University President Jay Noren. Michigan's major research universities - Wayne State University, The University of Michigan and Michigan State University, along with their partners, are collaborating as the University Research Corridor. These institutions aim to lead Michigan's transition into a knowledge-based economy and its return to prosperity. University of Michigan President Dr. Mary Sue Coleman and Michigan State University President Dr. Lou Anna K. Simon presided over the meeting.

Noren said knowledge, information and technology are driving today's global economy, just as steel and manufacturing were the engines of America's economy more than a century ago. He noted the economic productivity being generated by the University Research Corridor.

"Our research laboratories produce a steady stream of patents, licenses, and inventions that create new products and businesses, and in fact, our health science schools develop innovative medical treatments and produce patents and licenses of their own. Our three-university alliance, through partnerships with the business community, public and private researchers and government policy makers, can contribute significantly to revitalizing the state's economy. We can speed up technology transfer and development, increase cooperation among our institutions and others, and with business and government, and importantly communicate the advantages of doing business in Michigan."

During the question and answer session of today's meeting Noren said the manufacturing economy is not obsolete, but it is transforming.

"I don't think it's an either/or. The nature of our manufacturing economy is continually and increasingly more technologically based. I like the image of the Henry Ford newsreels that you see on assembly lines, and then you see something now where you see robotics and very sophisticated equipment on assembly lines. The manufacturing economy is with us; we are always going to have to make products. But it's going to be in a much more sophisticated way, based on the knowledge economy. So, I know it is often the case that there's the characterization of either/or; I don't think it's either/or. It's making more sophisticated the production of things which we all use, which is a manufacturing economy, but using the knowledge base on which we now thrive."

The Detroit Economic Club was formed in 1934 as a platform for the discussion and debate of important business, government and social issues. It is known internationally as a top speaking forum for prominent business and government leaders, who address members and their guests at the Club's 35 meetings a season. With more than 3,200 members, the DEC is about vital issues, prominent voices, a commitment to education and inspiring leadership. The Club is proud to have hosted every sitting U.S. President since Richard Nixon and proud to have been ranked among the top speaking platforms for CEOs.


 

 

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