Mary Sue Coleman 'very optimistic' about Michigan's economic future

University of Michigan President Mary Sue Coleman said Friday that she believes that Michigan is filled with economic opportunity.

U-M President Mary Sue Coleman

Coleman, speaking Friday to the media at an event organized to highlight U-M's University Research Corridor coalition with Michigan State University and Wayne State University, said the state still faces significant challenges. But she said she's "very optimistic" about the future.

"One of the things that I hear from, at least, business people is we’re become actually a very economical place," she said. "We used to be a high-priced place for companies to come. Now, hey, you can get some pretty good deals here. And it’s beginning to get attention."

Here's a video of Coleman discussing the state's economic woes and opportunities.