Month: March 2018

Reports show minimal growth for Michigan economy

New economic reports show that Michigan’s economy is experiencing flat or minimal growth. the Federal Reserve Bank of Chicago, in its updated Midwest Economy Index released today, said Michigan’s economy grew slightly last month. The state saw modest growth in manufacturing, construction and services — with consumer spending flat — pushing the Chicago Fed index …

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Michigan’s economy in the Top 10? Depends on the metric you are using

Those happy with Michigan’s recovery from the Great Recession like to proclaim that we are in the Top 10 again. Governor Rick Snyder said so a few days ago during a speech at the State of the State event in the Detroit Regional Chamber. “We’re back,” an upbeat Snyder told his audience at the chamber …

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Ten Things That May Surprise You About Michigan’s Economy

Michigan is all about manufacturing, farming, and tourism, isn’t it? Think again. A close look at Michigan’s 14 metropolitan areas offers many surprises, including the growth of mining in Southeast Michigan, construction in Kalamazoo, and information technology in Ann Arbor. Here are 10 things you might not know about Michigan’s economy. Related: Michigan’s economy is …

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Attracting out-of-state capital is critical to Michigan’s economy

Michigan’s 33 venture capital firms estimate that the funds needed for new investments, coupled with the need for follow-on funding for their 141 Michigan-based startups, exceeds what is currently available, reflecting the need for additional funds to help Michigan’s many venture capital backed companies. businesses succeed. With considerable business development in the entrepreneurial community, having …

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How a Michigan community is benefiting from preschool expansion

Elizabeth Lamb can sing her ABCs and can write her name. The 4-year-old can complete a 100-piece jigsaw puzzle, whereas a few months ago she was still playing with 8-piece puzzles and large blocks. Elizabeth spends her days in a classroom with other 4-year-olds at Indian Lake Elementary in Vicksburg, a few miles south of …

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Michigan economy threatened by end of NAFTA, report says

A new report from rating agency Moody’s indicates that Michigan is one of the most vulnerable states if the United States withdraws from the North American Free Trade Agreement (NAFTA). The report indicates that Michigan, Texas, Vermont and North Dakota are most at risk of NAFTA withdrawal. According to the report, exports to NAFTA partners …

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