Economy
The Lansing metropolitan area's major industries are government, education, insurance, healthcare, and automobile manufacturing. Being the state capital, many state government workers reside in the area.
Michigan State University, Thomas M. Cooley Law School, and Lansing Community College are significant employers in the region.
General Motors has offices and a hi-tech manufacturing facility in Lansing and several manufacturing facilities immediately outside the city, as well, in nearby Lansing and Delta townships. The Lansing area is headquarters to four major national insurance companies: Auto-Owners Insurance Company, Jackson National Life, the Accident Fund, and Michigan Millers Insurance Company. Other insurers based in Lansing include Farm Bureau Insurance of Michigan.
Locally owned and operated convenience store chain Quality Dairy is a significant presence in the Lansing market.
The recent decline of the auto industry in the region has increased the region's awareness of the importance of a strategy to foster the high-technology sector.
Early availability of high-speed Internet in 1996, as well as the MSU, Cooley Law School, and Lansing Community College student body population, fostered an intellectual environment for information technology companies to incubate. Lansing has a number of technology companies in the fields of information technology and biotechnology.
- Emergent BioSolutions is an international biopharmaceutical company that maintains significant operations in Lansing. Emergent BioSolutions is developing an array of biodefense and commercial products and currently manufactures the only FDA approved anthrax vaccine at its Lansing operations. In March 2009 Emergent announced another $10.9 million investment in its Lansing facility and is adding 93 new employees.
- Neogen is an international food and animal safety and diagnostics company headquartered in Lansing.
- IBM announced in January 2009 that it was opening its first U.S. programming center in the former MSU Federal Credit Union headquarters in East Lansing for application software for governments, universities, etc.
- Liquid Web, the largest web hosting company in Michigan, moved into its new $80 million Lansing headquarters (third facility in Lansing) in November 2009 and announced that it would hire 600 new employees over the next 3–4 years.
- ACD.net, is a fiber optic Broadband provider located north of Old Town
- Michigan State University, the 9th largest campus in the U.S., hires an average of 11,000 employees per year.
- The Glass Mall is a global glassware company with headquarters in Lansing, Michigan.
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Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)