Michigan is still recovering from the Great Recession. While the state's unemployment rate has decreased in recent years, many jobs do not offer a livable wage nor opportunities for income growth or skill development. As a way to assist Michigan's most distressed communities and regions, the MSU EDA University Center for Regional Economic Innovation (REI) was created in 2011 by the Michigan State University Center for Community and Economic Development (CCED) and funded by the U.S. Department of Commerce Economic Development Administration (EDA). Its goal is to work with Michigan's most economically vulnerable communities, turning them into economically-vibrant places that encourage high-growth entrepreneurial development and create well-paid, sustainable new-economy jobs. Through the facilitation of the REI Network, a community of over 1,000 individuals from the public and private sectors, REI is continually informed by some of the most innovative and effective practitioners and scholars in the nation. Through annual solicitations and funding, REI is engaged in strategic partnerships and collaborative learning (co-learning) to develop and share the most innovative economic development tools, models, policies, and practices that are used in the world today.
The MSU EDA University Center for Regional Economic Innovation (REI) at the MSU Center for Community and Economic Development is building a new economic development ecosystem by leveraging higher education assets to support the creation and application of innovative economic development strategies that promise to yield high-growth entrepreneurship and job creation throughout the state of Michigan.
Michigan State University is a land-grant university that has successfully operated applied-research and technical assistance programs for over 150 years. The MSU Center for Community and Economic Development (CCED), located within the Office of the Provost, has worked with communities and regions to enhance economic development for over 45 years. Additionally, CCED and the U.S. Economic Development Administration (EDA) have maintained a mutually beneficial relationship since 1987.