The Lansing area is a magnet for Michigan’s financial and
insurance industries. Companies such as Jackson National Life, Delta Dental and
the Accident Fund are investing in the area by expanding and creating jobs.
According to excerpts from the article:
Capital Area Michigan Works and the Lansing Area Economic
Partnership, or LEAP, have gathered a group of these growing companies to take
an in-depth look at the finance and insurance industries' work-force concerns.
In May, the advisory group will release a study of the
industries' work-force implications to help guide future education, economic
development and work-force strategies in the region.
In the interim, here are some preliminary findings:
• According to the Michigan Department of Labor and
Economic Growth, the finance and insurance industry in the region provided more
than 11,000 positions, accounting for 7 percent of private sector jobs.
• The region possesses a higher-than-average share of
employment in finance and insurance - 7 percent locally versus 4 percent in
Michigan and 5 percent nationally. What's more, no other metro area in Michigan
boasts finance and insurance services' share of employment above 5 percent.
• In 2006, there were about 650 finance and insurance
companies or operations in the region, ranging from major insurers'
headquarters to bank headquarters and branches to independent insurance agencies.
Read the entire article here.
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