"For most of the 20th century, we didn't just enjoy economic success in Michigan, we defined it. Our innovators and entrepreneurs created the world's most productive companies, and our unions made sure that productivity led to broad middle class prosperity"

This quote by Jennifer M. Granholm speaks to the economic success of Michigan in the 20th century. Granholm highlights the function of innovators and entrepreneurs in producing the world's most efficient business, and the function of unions in ensuring that performance resulted in broad middle class prosperity. This quote speaks to the significance of cooperation in between company and labor in order to create a strong economy. It also talks to the importance of development and entrepreneurship in driving financial development. The quote is a reminder of the value of producing an environment that motivates innovation and entrepreneurship, while likewise ensuring that the benefits of economic development are shared broadly.