The Executive Speaker Series invites business leaders and other experts to discuss critical business and economic issues before an audience of business professionals, community members, faculty and students.

The series focuses on diverse business topics that include changes in the business climate, future trends, and specific issues relevant to Michigan-based businesses.

Executive Speaker Series UM-Dearborn College of Business

October 11, 2018

What Really Drives the Economy? The Effects of State and Local Government on the Market

Most people know the federal government uses fiscal and monetary policies in an effort to guide the US economy through cycles of boom and bust. However, many people underestimate the extent to which state and local governments also affect the economy. Whether through tax abatements, infrastructure projects, zoning rules, programs to develop a skilled labor pool, or other methods, state and local governments significantly affect the economic climate at the regional level. 

So what can state, regional, and local governments do to create opportunities for businesses and their workforces? What types of government intervention work against economic growth? And how can state and local governments help their regions weather economic downturns in the national and global economy? These are the topics of today’s discussion.

Meet the Panelists:

  • Sandy Baruah, President and CEO, Detroit Regional Chamber

    Sandy Baruah is president and CEO of the Detroit Regional Chamber. Baruah has held many distinguished positions, including the administrator of the US Small Business Administration, where he helped shape the government’s response to the 2008 credit crisis. He also worked in the US Department of Commerce, both as the assistant secretary and as the chief of staff and deputy assistant secretary for Economic Development. Baruah serves on numerous boards, including the Federal Reserve Bank.

  • Patrick Green, Representative, Michigan House

    Patrick Green is a Representative for the 28th District in the Michigan House. His legislative priorities include infrastructure, education and tax reform. In addition, Green has served on the Warren City Council for eleven years, where he has focused on bringing business investment to the city, increasing the tax base and creating jobs. He has also served in leadership roles with the YMCA and volunteered for nonprofits such as Focus Macomb, Winning Futures, Automation Alley, Kiwanis Club and others.

  • David Knezek, Senator, Michigan Senate

    David Knezek is a Senator for the 5th District in the Michigan Senate. His legislative priorities include issues related to Michigan students, seniors, working families and veterans. David is a former Legislator of the Year for his work on tuition reform, and he has worked to pass legislation that would assist private employers in hiring veterans returning from combat. Before joining the Senate, David completed two tours of duty as a Platoon Sergeant for the United States Marine Corps.

  • Paul Traub, Senior Business Economist, Federal Reserve Bank of Chicago

    Paul Traub is the Senior Business Economist at the Detroit Branch of the Federal Reserve Bank of Chicago, where he is responsible for economic analysis and research. He previously served as a corporate economist with Chrysler LLC for 17 years, where he forecasted the impact of economic trends on North American auto sales and supported new product development. Paul currently serves on the Board of Directors of the Detroit Association of Business Economists.


Murray Feldman, host of the Feldman Report, WWJ Newsradio 950

Dr. Brian Patrick Green, Czarnecki Collegiate Professor, UM-Dearborn College of Business

7:30 am - Registration and networking breakfast
8:10 am - Welcome and panel discussion
9:30 am - Conclusion

Michigan Room, Fairlane Center South
University of Michigan-Dearborn, College of Business
19000 Hubbard Drive, Dearborn, MI 48126

Free registration. Breakfast is included.

WWJ Newsradio 950

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