Michigan economy

Michigan economy heads for disaster if abortion law returns

Michigan is headed for disaster, and the people who could stop it are heading this state for a disaster. The United States Supreme Court is set to overturn Roe v. Wade, the landmark 1973 decision that legalized abortion. If Roe is overturned, as a draft court ruling leaked last week indicates, a still-enforced 1931 Michigan …

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Clearing Thousands More Criminal Records Could Boost Michigan’s Economy

For about seven years, Erica Edwards struggled to find steady employment. She was stuck in an apartment she didn’t like. And the Lansing-area mother of two couldn’t volunteer at her youngest son’s school. A felony conviction stood in the way. “With this crime on your record, it may depress you and bring you down so …

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Report: Weak Workforce, Inflation Could Hurt Southwest Michigan Economy | Local News

The number of employees needed to fill vacancies does not appear to be improving in Southwest Michigan. According to a Kinexus Group report presented Wednesday, the Berrien, Cass and Van Buren tri-county area continued to lag 5,777 workers behind pre-pandemic workforce levels. These declines in the labor force are larger than in the rest of …

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Report: Weak Workforce, Inflation Could Hurt Southwest Michigan Economy | News

Unemployment numbers are not improving in Southwest Michigan. According to a Kinexus Group report presented Wednesday, the Berrien, Cass and Van Buren tri-county area continued to lag 5,777 workers behind pre-pandemic workforce levels. × This page requires JavaScript. Javascript is required for you to play premium content. Please enable it in your browser settings. kAm%96D6 …

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Watch Bridge’s lunch break on Michigan’s economy

Bridge Michigan’s monthly Lunch Break series continued Wednesday with a discussion of Michigan’s economy, recent major investmentspublic incentives and long-term fiscal prospects. If you missed Wednesday’s chat, you can watch it on demand below. xx Paula Gardner, editor of Bridge Michigan, was joined by Carla Bailo, president and CEO of Automotive Research CenterJeff Donofrio, President …

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How’s Michigan’s economy doing? Check out Bridge’s new economy dashboard.

Bridge Michigan launched a new tool this week to help readers track this data and more: the Michigan Economic Dashboard, which can be found on our Business Watch topic page. Related: It was created by Paula Gardner, Business Writer, and Mike Wilkinson, Data Journalist, to track many important elements of our changing economy. The dashboard …

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Michigan CEOs confident in Michigan economy, concerned about labor shortages and inflation

DETROIT — Worries about labor shortages and inflation are weighing on the minds of Michigan business leaders, according to a quarterly economic survey released today by Business Leaders for Michigan. Labor shortages are being felt across all job categories, including manufacturing, office and front-line positions, with 85% of survey respondents expecting to struggle to fill …

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Supply chain issues, labor shortages and inflation impacting Michigan’s economy

(photo by Michel Percha) Although Michigan business leaders have a positive view of the state’s economic future, they are concerned about a number of issues currently facing the state and the country. Michigan Chamber of Commerce President and CEO James Holcomb, speaking to the Saginaw County Chamber of Commerce on Thursday, March 3, said the …

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Here’s How Russia’s Invasion of Ukraine Could Impact Michigan’s Economy

DETROIT (WXYZ) — The invasion of Ukraine has people around the world worried. The human toll of the war is heartbreaking. It also has a global economic impact. 7 Action News spoke to Russian historical, business and economic experts about the potential impact here in Metro Detroit. Related: What Will Economic Sanctions Against Russia Mean …

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UM Research contributed nearly $100 million in 2021 to Michigan’s economy

According to a report by the University of Michigan’s Institute for Science and Innovation Research, the school’s research enterprise contributed $97 million to the state’s economy in 2021. / / Stock Photo The University of Michigan at Ann Arbor released a report from its Institute for Innovation and Science Research (IRIS) that shows the school’s …

UM Research contributed nearly $100 million in 2021 to Michigan’s economy Read More »

Amid debate over tax cuts, Bloomberg co-founder touts Michigan’s economy under Whitmer ⋆ Michigan Advance

Just a day after the GOP-controlled Michigan Senate passed $2.5 billion tax cut proposal supporters have said there has been a need to help struggling families since the start of the pandemic, an opinion piece in Bloomberg News ranked Michigan’s economy first among 37 states with a population greater than 2 million during the same …

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Whitmer Announces $409 Million to Support Businesses and Boost Michigan’s Economy | News

Governor Gretchen Whitmer on Wednesday announced a new $409 million grant program starting March 1 that will provide additional financial support to help create or keep jobs. “This program will support Michigan businesses that have been impacted by COVID-19 and help us build on our economic momentum,” Whitmer said. “I am focused on putting the …

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$400 million announced to boost Michigan economy and help struggling businesses

LANSING, Mich. (WILX) — A new grant program across the state of Michigan was announced Wednesday. It’s called the Distressed Business Relief Grant program, and its goal is to distribute $409 million to businesses to help keep or create jobs. Read: Post-surge? MDHHS updates mask guidelines as state enters recovery phase Under the new program, …

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Ambassador Bridge blockade wreaks havoc on automakers and Michigan’s economy

DETROIT – The ever-busy Ambassador Bridge was empty Friday night, devoid of the truck traffic typically seen seven days a week, meaning trade in both directions costs less than $13 million an hour. Protesters denouncing some of Canada’s COVID protocols have gathered in demonstrations across the country, including in Windsor, where traffic on the International …

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Whitmer Counts the Cost of the Ambassador Bridge Closure to Michigan’s Economy | State

DETROIT, Mich. (WJRT) – The economic costs of the Ambassador Bridge’s five-day closure are mounting rapidly, according to Governor Gretchen Whitmer. The Anderson Economic Group says workers and businesses have lost an estimated $51 million this week due to the blockade that has prevented US traffic from entering Canada. Michigan workers could lose up to …

Whitmer Counts the Cost of the Ambassador Bridge Closure to Michigan’s Economy | State Read More »

Economist: Border Blockade Could Cost Michigan Economy Over $50 Million | News

The premier of Ontario has said vehicles blocking trade between the United States and Canada must get out of the way or they will. Ottawa has declared a state of emergency as leaders seek more authority to remove so-called freedom convoy protesters who are blocking three major railroad crossings. A blockade at the Ambassador Bridge …

Economist: Border Blockade Could Cost Michigan Economy Over $50 Million | News Read More »

Gretchen Whitmer says bridge blocked by Canada is hurting Michigan’s economy

Michigan Governor Gretchen Whitmer said Thursday that the blocking of Detroit’s Ambassador Bridge by protesters was hurting the state’s economy. “The blockade is having a significant impact on working families in Michigan who are just trying to do their jobs. Our communities and automotive, manufacturing and agricultural businesses are feeling the effects. It is hitting …

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Why Increasing Labor Force Participation Is Critical for Michigan’s Economy

We face enormous challenges as a state and a country, but the lack of jobs is not the main problem. Our population is aging, labor force participation is low and trending downward for decades, and our education system is struggling to keep up with the growing demands of our global economy. Our biggest economic problem …

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What GM’s upcoming Lansing EV battery plant means for central Michigan’s economy

LANSING, Mich. (WILX) — General Motors announced Tuesday morning that it will invest more than $7 billion in Michigan. This is the largest employment investment in the company’s history. The investment is expected to maintain 1,000 jobs and create 4,000 others. With strikes, the COVID pandemic and chip shortages, those who work for automakers have …

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Michigan economy still struggles to compete with other states, study shows

“If we can find ways to remove barriers to work, … (and) get to the US average for labor force participation, we would have another 250,000 workers in Michigan’s workforce,” did he declare. “It’s a significant leap.” BLM’s annual benchmarking report places Michigan 29th out of 50 states in terms of economic growth, a ranking …

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Despite pandemic, business owners confident about Michigan’s economy

LANSING, Mich. (WILX) — A survey of Michigan business leaders found that, despite the ongoing pandemic, they believe the state is a good place to grow a business. The opinion came from Michigan’s 10th annual economic outlook survey, released at a Thursday meeting of the Detroit Economic Club. Over 1,000 business people and associations across …

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U.S. and Michigan economies recover in 2021, but inflation threatens 2022

The economies of the United States and Michigan have performed strongly this year, despite the impact of the coronavirus. But there could be problems ahead in 2022. Michigan State University economist Charles Ballard said that in 2021 the United States made up for the reduction in gross domestic product it posted the previous year and …

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West Michigan economy keeps growing despite labor issues, outlook says

West Michigan’s economy remains strong heading into the end of 2021 with expectations of continued growth in 2022, according to a new outlook from The Good Place Inc. Nearly eight out of 10 businesses in an eight-county region saw increased sales over the past year, while more than 60 percent of businesses said they were …

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Small businesses are not recovering at the same rate as Michigan’s overall economy

Michigan’s economy as a whole is recovering from last year, but the lingering effects of COVID-19 are having a disproportionately negative effect on small businesses, according to a new report released by the Michigan Small Business Association. The 17th annual fall scorecard was compiled by SBAM with the Michigan celebrates small business advocacy group. Michigan …

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GVSU Expert: Western Michigan Economy Better But Still Stable

Brian Long. Courtesy of Grand Valley State University (As seen on WZZM 13) Western Michigan’s economy remains plagued by supply chain issues, according to a new report. In western Michigan and across the country, supply chain issues have resulted in longer delivery times, missed deliveries, higher prices and sometimes exorbitant shipping costs, said Brian G. …

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Michigan economy rebounds faster than expected, but inflation is a problem

(WXYZ) – A new forecast from the University of Michigan has found that Michigan’s economy is recovering from the pandemic faster than previous downturns, but inflation and the supply chain have a poor perception. According to the university, job growth has been healthy this year and is expected to continue over the next two years. …

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Expect Michigan’s economy to recover by the end of 2023

Michigan’s economy is expected to fully recover by the end of 2023, with job growth and personal income expected to increase during that time, according to a University of Michigan forecast released on Friday. However, high inflation will continue to reduce purchasing power, economists said, with real disposable income, which takes into account taxes and …

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Michigan economy is recovering but inflation, supply pressures on

Michigan’s economy is recovering from the pandemic-induced recession at a faster rate than previous downturns, but a surge in inflation and supply chain challenges have soured perceptions of the economy. Job growth has been healthy this year and is expected to continue over the next two years, and personal incomes are also expected to rise …

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Biden travels to Detroit to promote infrastructure bill and its impact on Michigan economy Biden travels to GM plant in Detroit to promote infrastructure bill

President Joe Biden spoke Wednesday afternoon at a General Motors plant in Detroit to promote Monday passage of the bipartite law on infrastructure. The legislation is a $ 1 trillion package that will invest in U.S. infrastructure for the first time since many of the nation’s major bridges and highways were created. Biden delivered a …

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Michigan economy is on track for near full recovery in 2023, forecast

UM economists remain optimistic that sales will exceed pre-pandemic levels in the second half of 2023, with sales of 17.3 million vehicles for that year. The three big automakers of Michigan-based General Motors, Ford and Stellantis sold 7 million units in 2019. They will continue to rebuild their market share through 2023, with expected production …

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GVSU expert: Western Michigan economy is slightly better but remains stable

GRAND RAPIDS, – In West Michigan and across the country, supply chain issues have resulted in longer delivery times, missed deliveries, higher prices and sometimes exorbitant shipping costs, according to a new investigation. Brian G. Long, director of supply management research at Seidman College of Business at Grand Valley State University, interviewed local business leaders …

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Comerica report: Supply chain and labor shortage issues weigh on Michigan economy after 8 months of gains

Michigan’s economy sank in August, for the first time in nearly a year, according to a recent index released by Comerica Bank. The Dallas-based bank’s Michigan Economic Activity Index for the month of August – the most recent data available – reached 106.6, down slightly from July’s revised data of 107.4. The reading represented the …

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Benton Harbor Water System and Southwest Michigan Economy Benefit from New State Budget

Rep. Wendzel: Benton Harbor Water System and Southwest Michigan Economy Benefit From New State Budget Representative Pauline Wendzel today helped secure much-needed aid for Benton Harbor, Southwest Michigan and the economy across the state as normalcy returns following the COVID pandemic 19. Wendzel helped provide $ 10 million to replace lead pipes in Benton Harbor …

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Poll: 58% of registered voters say Michigan economy is on the wrong track

The Detroit Regional Chamber today released a poll that showed a majority of Michigan registered voters believe the economy is on the wrong track, and more. // Image bank The Detroit Regional Chamber, one of the oldest and largest chambers of commerce in the country, today released the results of a statewide poll of registered …

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Reviews | Michigan economy needs more state support for child care and preschool

The pandemic has put a strain on Michigan’s early care and education system. Incomes have declined due to social distancing rules and parents’ reluctance to put children back in place. Many child care and preschool programs have closed for good, while others have run into debt. In addition, low wages for workers have long been …

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Delta variant, shortage of chips to block Michigan economy until 2021, University of Michigan economists say

Michigan’s economy will feel the effects through the remainder of 2021 of the delta variant of the coronavirus and the continuing shortage of computer chips that is hampering auto production, according to University of Michigan economists. An economic outlook update from the university’s research seminar in quantitative economics released today indicates that the state’s economy …

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Ironman will have a positive impact on the economy of northern Michigan

The Frankfort-Elberta business community is excited by the prospect of thousands of people coming to the area the week of September 12 for the 2021 Ironman 70.3 competition. Very few people won’t say that 2020 hasn’t been difficult for the Northern Michigan business community. While this summer has been a lot better from a business …

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Governor Whitmer notes Michigan economy rebound with jobs figures

LANSING, Michigan (WJRT) – Gov. Gretchen Whitmer said the latest employment figures for Michigan indicate continued improvement in the state’s economy. Figures released Wednesday by the Michigan Department of Labor and Economic Growth show that the state’s unemployment rate fell in July to 4.8%, which is well below the national average of 5.4%. Michigan businesses …

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Study: Line 5 Closure Seriously Threatens Michigan Economy | Michigan

(The Center Square) – It doesn’t look like the ongoing legal standoff between Gov. Gretchen Whitmer’s administration and developers of the Enbridge Line 5 pipeline spanning the Straits of Mackinac will be resolved anytime soon. However, an independent study published last month by the American Petroleum Institute adds fuel to the fire by detailing the …

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Study: Line 5 Closure Poses Serious Threats to Michigan Economy | State

(The Center Square) – It doesn’t look like the ongoing legal standoff between Gov. Gretchen Whitmer’s administration and developers of the Enbridge Line 5 pipeline spanning the Straits of Mackinac will be resolved anytime soon. However, an independent study published last month by the American Petroleum Institute adds fuel to the fire by detailing the …

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Opinion: Public Investments in Electric Transportation Critical to Michigan Economy | Opinion

By Jane McCurry Pride in the auto industry runs through many Michiganders, myself included. Henry Ford is an ancestor of mine which brings my fondness for the auto industry much closer to my heart. With the same tenderness and a little enthusiasm, I speak of the radical and lasting changes that we are seeing in …

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Economic Opus: Interlochen’s Ripple Effect on Northern Michigan Economy

You’re probably familiar with summer camp, live concerts, and the Interlochen Center for the Arts alumni roster that includes more than its fair share of superstars. But what kind of impact does the world-renowned arts organization have on the economy of northern Michigan at large? An internal Interlochen study from 2017 noted that $ 8.9 …

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How recreation is boosting the economy of northern Michigan

The year 2020 has been a great year for outdoor recreation. Across the country, people have turned to the woods and waters for fresh air and open spaces – to connect with nature, explore new hobbies, and find moments of peace. The number of people recreating themselves outdoors in 2020 rose 4.6% nationwide, according to …

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West Michigan economy continues to grow amid pandemic logistics challenges

GRAND RAPIDS – West Michigan’s industrial economy continues to grow, although the pace has moderated, a new report from Grand Valley State University says. Brian G. Long, director of supply management research at Seidman College of Business, reports that his monthly business trends report showed new orders released in June (+33) were lower than the …

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Economist agrees Michigan economy is strong, but inflation fears persist

FLINT, Michigan (WJRT) – Governor Gretchen Whitmer announced Friday that Michigan’s credit rating outlook has changed from negative to stable. Whitmer called this a sign of growing confidence in the state’s communities and small businesses. A University of Michigan-Flint economist shares this confidence, but with a caveat about inflation. “The economy reopens, the economy improves,” …

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Wayne State, URC powers Michigan’s economy – Today @ Wayne

Wayne State University plays a central role in Michigan’s economy by providing businesses with the graduates they need, enabling students to earn valuable degrees, conducting cutting-edge research, and contributing to communities across the country. State, according to an economic impact report prepared by Anderson Economic Group (AEG). the University Research Corridor (URC), an alliance between …

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How COVID-19 Has Affected Michigan’s Economy | Michigan

The U.S. economy recorded its worst quarterly decline in modern history during the COVID-19 pandemic, with gross domestic product contracting at an annual rate of 31.4% in the second quarter. The economy rebounded in the third quarter, but efforts to contain the spread of the virus throughout 2020 still resulted in a 3.5% annual economic …

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How Michigan’s Economy Stacks Up To Other States | Michigan

The COVID-19 pandemic sent economic shockwaves through the U.S. economy, tripling monthly unemployment to nearly 15% and leading to a quarterly drop of more than 30% in GDP – by far the biggest economic contraction in the history of the United States. No corner of the country has been spared the economic consequences of the …

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Michigan economy set to rebound from recession after COVID-19

Aerial shots show COVID-19 and Detroit’s new normal Scenes of Detroit as residents learn to live and adapt to the COVID-19 pandemic and find their new normal. Kelly Jordan and Mandi Wright, Detroit Free Press The arrival of COVID-19 in mid-March 2020 brought Michigan an unprecedented economic shock. In Detroit, the virus caused a sudden …

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Corporate car rental company to invest nearly $ 150,000 in Michigan economy with employee gift card program

March 5 is Employee Appreciation Day, and Enterprise Holdings is celebrating its full-time and part-time staff in a way that will benefit an industry that has been widely affected by the COVID-19 pandemic. Enterprise Holdings said it would offer its 80,000 employees $ 100 gift cards to use at local restaurants. This includes 1,475 gift …

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Nessel’s action in Ford lawsuit threatens Michigan economy

Sherman “Tiger” Joyce | Detroit News Michigan Attorney General Dana Nessel recently asked the state Supreme Court to reconsider permission to go ahead with Ford transmissions. Michigan Attorney General Dana Nessel recently asked the state Supreme Court to reconsider allowing individuals to sue Ford transmissions. But these are not auto parts. What Nessel really wants …

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Economists wary despite Michigan economy recovering

Michigan’s overall economic performance was up at the end of 2020, according to the latest economic activity index released Wednesday by Comerica Bank. The index, released monthly by the Dallas-based bank, hit 108.6 in December, 25 percentage points higher than the all-time low the index fell to in June. Nevertheless, economists say that all is …

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Futures for Frontliners program boosts Michigan economy

KRISTIA POSTEMA This story has been updated to correct the proportion of tuition paid by the program for participating students who do not live in a community college district. In the spring of 2020, Governor Gretchen Whitmer announced the Futures for Frontliners program to thank essential workers, but the program could also prove to be …

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Michigan’s economy is bigger than ever. It’s time to diversify

Better than ever, even if it’s not like that Michigan’s economy may be back. But one thing is not: paychecks. “Michigan’s economy is bigger than it has ever been. It may not sound like it, but it is, ”said Charles Ballard, an economist at Michigan State University. This is because, despite all the economic growth, …

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Michigan Economy and COVID-19 Response ‘Completely Nested’, Says Whitmer Before State of State Speech

Gov. Gretchen Whitmer plans to spend a significant portion of her State of the State address on Wednesday night talking about her plans to help Michigan’s economic recovery, but she can’t do so without also addressing the efforts of the state. ‘State to contain COVID-19. “I mean, they’re completely related,” Whitmer said in an interview …

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Here are the 11 parts of Whitmer’s plan to jumpstart Michigan’s economy and end the COVID pandemic

LANSING, Mich. – Govt. Gretchen whitmer revealed a massive plan to help revive Michigan’s economy and ultimately end the COVID-19 pandemic. Click here to read the full original story of Whitmer’s Plan. The plan was divided into 11 parts in the official state statement. You can see them all below. Vaccine distribution Whitmer’s plan is …

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Governor Whitmer presents plan to revive Michigan economy and end COVID-19 pandemic

LANSING, Mich. – Governor of Michigan. Gretchen whitmer on Tuesday presented its plan to revive the state’s economy and help end the COVID-19 pandemic. READ: Here are the 11 parts of Whitmer’s plan to jumpstart Michigan’s economy and end the COVID pandemic “To help grow and strengthen our economy, we need to provide critical support …

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Whitmer Launches Major Initiative to End COVID-19 and Fix Michigan Economy

LANSING, Michigan (WJRT) – Governor Gretchen Whitmer is launching a major initiative to end the coronavirus pandemic in Michigan, get students back on track and grow the state’s economy. The Whitmer administration plans to seek legislation authorizing $ 5.6 billion in spending to support the plan, which mainly includes one-time federal stimulus or relief programs, …

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A pandemic could permanently change Michigan’s economy

Powell calls on the Fed to continue helping the economy Fed Chairman Jerome Powell is quelling fears that the Fed may withdraw some of its support for the U.S. economy, stressing that any pullback will be signaled well in advance. (January 14) PA LANSING – The coronavirus pandemic could permanently change the economies of the …

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Uncertainty remains, but job gains are expected in Western Michigan economy in 2021

The economic forecast for western Michigan in 2021 is not all bleak. In October, about 43,000 fewer people were employed in the Grand Rapids area, compared to before the pandemic, according to federal statistics. And that was before the state’s last emergency health ordinances went into effect. Still Jim Robey of the UpJohn Institute for …

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Seeing “points of light” in West Michigan economy after pandemic

Western Michigan economic development officials say they helped recruit or keep 953 jobs in the region in 2020. That’s when the region lost about 40,000 jobs in total. The Right Place, Inc. released its annual update and forecast on Thursday. The economic development group says it has secured $ 105.6 million in new capital investment …

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JACK O’MALLEY: Supporting Small Businesses Supports Michigan’s Friends, Neighbors and Economy

COVID-19 has had a vast, complex and unprecedented impact on our state. I have been consistent in saying throughout this crisis that there are COVID patients who have suffered from this terrible virus as well as economic patients who have tried to navigate the decrees and departmental guidelines that have been issued in reply. The …

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Think aviation to keep Michigan’s economy moving

If there’s anything we’ve learned throughout this global pandemic, it’s how important mobility is to our economy and society as a whole. Michigan Chamber members and individuals everywhere rely on our infrastructure network which is an interconnected network that supports our food chain, the transportation of commercial goods, the operations of major corporations, and nearly …

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Brad Williams: 5 Ways Lawmakers Can Help Lame Michigan Economy

When Michigan’s new House of Representatives sits in January, our elected leaders will face its most daunting challenge since the Great Depression, if ever. And given how badly the Great Recession hit Michigan, that does mean something. The overarching purpose of Lansing’s lame duck session is clear. Michigan must put aside partisan politics and unite …

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Michigan economy could be battered after ruling against Whitmer’s COVID-19 orders ⋆ Michigan Advance

Now that the state Supreme Court has struck down a 1945 law that Governor Gretchen Whitmer has repeatedly used to issue executive orders in the fight against the deadly COVID-19 virus, where is Michigan’s economy headed? Some might argue that the state’s economy, which has regained 593,100 jobs since April’s employment collapse, could explode as …

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Pence talks job security and Michigan economy one-on-one

(WXYZ) – In a one-on-one with Vice President Mike Pence, 7 Action News reporter Brian Abel speaks about job security for many Americans amid calls for a second plan to stimulus, Michigan economy and President Trumps have alleged comments about military men and women. Watch the full one-on-one interview above and read the full Q&A …

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Jobless claims fall again, sign Michigan economy is improving

New jobless claims in Michigan fell again last week, a potentially good sign that the state’s economy is slowly improving. New claims in Michigan fell to 15,108 in the week ending Aug. 29 from 19,997 the previous week, the U.S. Department of Labor reported Thursday. Last year at this time, there were about 4,400 new …

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Governor Whitmer announces $ 5 billion commitment from Huntington to boost Michigan economy

(FOX 2) – Michigan Governor Gretchen Whitmer announces a community plan in partnership with Huntington Bancshares that will provide $ 5 billion in support of small business, social equity, economic inclusion and affordable housing. The partnership was announced at Governor Whitmer’s press conference on Wednesday afternoon. Many were hoping and waiting for an announcement on …

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Michigan’s economy is stronger than expected during a pandemic. Thank the stimulus.

In total, these payments were equivalent to about 8.5% of the state’s annual personal income, or about $ 4,350 per person. Economists estimate that residents spent up to 75 percent of that money, rather than saving it. Michigan consumer spending is now above january levels and above the national average, in large part due to …

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Report: Michigan Economy Suffers More Than Most States

COVID-19 pandemic and resulting economic contraction is affecting Michigan more than many other states, says new investigation by Comerica Inc. Regional economists at the Dallas-based bank report that Michigan’s GDP fell at an annualized rate of 41% in the second quarter. During the same period, U.S. GDP declined at an annualized rate of 32.9%, while …

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Restrictive immigration policy hurts Michigan economy

The spring and summer of 2020 saw a dramatic acceleration in the Trump administration’s measures to restrict the entry of immigrants to the United States. Following the onset of the coronavirus pandemic, the White House issued a series of proclamations that effectively restricted entry to the United States from many countries, including Brazil, Iran, and …

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Rendon: Line 5 Tunnel Best Solution for Michigan’s Economy and Natural Resources | Opinion

As a state legislator who has the honor of representing families in northern Michigan, I frequently hear concerns about the protection of the Great Lakes and other precious natural resources that make our state a great place to live. , work and raise a family. In addition, I often hear our hard-working families and businesses …

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Michigan equity business leaders plan to restart Michigan economy, fund roads

Prioritizing highway investments based on their impact on the economy and attracting businesses to fuel Michigan’s supply chains are among the recommendations backed by Michigan business leaders to help the state recover from the challenges. disruption due to the COVID-19 pandemic. The statewide CEO roundtable on Monday shared details of its economic stimulus policy plan …

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Even as Michigan’s economy slowly opens, new jobless claims are filed

Michiganders filed nearly 58,000 new jobless claims last week, a sign that even as parts of the state reopen, the pandemic shutdown is still causing economic hardship. Even the spokesperson for the labor department is on temporary layoff this week. Since March, more than a third of the state’s workforce has applied for unemployment benefits. …

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These tools can help you hone your skills as Michigan’s economy reopens

(WXYZ) – The Rebound Detroit is our effort to bring you the experts, resources, and advice you need to bounce back Michigan’s foreclosure order has been in place for over two months now. And as the state opens up, the economy will be different. Some companies are embarking on a hiring wave. Others will have …

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As Michigan economy collapses, house prices skyrocket

Real estate market creates workaround amid coronavirus outbreak The real estate industry is responding quickly to the coronavirus, creating a workaround to display properties. Buzz60 Michigan’s economy collapsed this spring amid the coronavirus pandemic as thousands of businesses closed and more than a million residents lost their jobs and claimed unemployment benefits. Yet unlike in …

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Governor Gretchen Whitmer releases MI Safe Start plan to revive Michigan economy

Last week, after announcing that Michigan manufacturing workers would return to work on Monday, May 11, Governor Gretchen Whitmer detailed the six phases of her MI Safe Start Plan to reengage Michigan’s economy, which aligns with the recent House release perspective on economic recovery. The governor worked with health care, business, labor and education leaders …

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Breaking Whitmer’s 6-Step Plan to Reopen Michigan’s Economy

LANSING – Governor Gretchen Whitmer on Thursday announced a six-step plan to reopen Michigan’s economy. Her “MI Safe Start Plan” announcement came as she extended her stay-at-home order until May 28 and gave manufacturing workers the green light to return to work on Monday. Read more:Governor Whitmer extends Michigan stay-at-home order until May 28 Michigan …

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As Michigan economy prepares to reopen, businesses scramble to find protective gear

Alfonso and a small team returned to work last weekend after the company launched a “safe return to workWebsite to sell sheet masks, face shields and hand sanitizers online with a new motto: “We take social distancing seriously.” “ Curbside pickup orders started arriving after Whitmer revised its stay-at-home order on Friday to allow landscapers, …

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Why the coronavirus hit Michigan economy harder, longer

DETROIT — The growing economic crisis triggered by the pandemic is expected to last longer and hit harder in Michigan than in most places, as the state grapples with the fallout from a severe coronavirus outbreak and continued dependence on with regard to manufacturing. Michigan’s economy tends to be more cyclical than the national economy, …

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Child care is a barrier to restarting Michigan’s economy

A new report suggests that restarting Michigan’s economy will face a serious hurdle – a lack of child care services. the National Association for the Education of Young Children estimates that 41% of Michigan’s licensed child care spaces will be lost because many providers don’t have the money or the staff to reopen. Simon Workman …

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Could Michigan’s economy start to reopen in May? Governor Whitmer sends mixed messages

Click to enlarge Darren Hood, Detroit Stock City Governor Gretchen Whitmer declared the protest earlier today against her coronavirus stay-at-home order – in which people gathered in Lansing, many not wearing face masks and many disobeying distancing guidelines social by standing close to and touching each other – “maybe just created a need to lie …

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Could a longer shutdown of the coronavirus (COVID-19) be better for Michigan’s economy in the long run?

ANN ARBOR, Mich. – Could staying at home longer because of the coronavirus (COVID-19) ultimately benefit us economically? Public health experts are pushing to be patient with current restrictions to avoid a second spike in disease. Dr. Howard Markel is one of the researchers who helped coax the phrase “flatten the curve”. He is director …

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Could Michigan’s economy start to reopen in May? Governor Whitmer Sends Mixed Messages | Detroit News | Detroit

Click to enlarge Darren Hood, Detroit Stock City On Wednesday, Governor Gretchen Whitmer declared the protest earlier in the day against her coronavirus stay-at-home order – in which people gathered in Lansing, many not wearing face masks and many disobeying the guidelines of social distancing by holding each other and touching – “maybe just created …

Could Michigan’s economy start to reopen in May? Governor Whitmer Sends Mixed Messages | Detroit News | Detroit Read More »

Senate Republicans have 5-step plan to jumpstart Michigan’s economy

The coronavirus against Detroit A dystopian way of life has taken hold on the Detroit subway as the coronavirus rages, but humanity is shining in the face of COVID-19. Brian Kaufman, Detroit Free Press videographer The Republican Senate caucus presented Gov. Gretchen Whitmer with a five-phase plan to revive Michigan’s economy. “The Senate Republican Caucus …

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Talks to strategically reopen parts of Michigan’s economy are underway

(4/15/2020) – As Michigan coronavirus cases appear to be leveling off, plans to possibly reopen the state’s economy are underway. “There is a realistic hope that we can get back to some sense of normalcy and then continue to build on that,” Senate Minority Leader Jim Ananich said. This is refreshing news for a state …

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Whitmer in talks on Great Lakes regional strategy to reopen Michigan economy

Michigan Governor Gretchen Whitmer spoke to Illinois Governor JB Pritzker about a joint strategy to reopen the Great Lakes regional economy when the threat of the coronavirus subsides , Crain’s learned. Pritzker discussed with his peers in the Upper Midwest a coordinated approach to lifting shelter-in-place orders before President Donald Trump makes a national decision …

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Expert takes a look at how Michigan’s economy can bounce back

(WXYZ) – As more Michiganders file for unemployment and Governor Gretchen Whitmer’s stay-at-home order is extended until April 30, the question now arises of how to reopen Michigan, when some of the restrictions are lifted and people can start going back to work? Everywhere you look it’s like a ghost town. Businesses are closed and …

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Businesses and hospital executives advise Whitmer on reopening Michigan economy as COVID-19 outbreak subsides

Governor Gretchen Whitmer is receiving advice from business executives in several parts of Michigan on reopening the state’s economy, which has been crippled for two weeks due to the deadly coronavirus outbreak. DTE Energy Co. executive chairman Gerry Anderson and former Henry Ford healthcare system CEO Nancy Schlichting co-chair a group they’ve brought together that …

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The coronavirus will hammer the Michigan economy. The only question is how much.

The economic shock from the coronavirus will spread across Michigan, hitting nearly every industry and community, taking billions of dollars from paychecks and tax collections, experts say. The layoffs and time off have already hit the restaurant, travel and hospitality industries, and then are expected to spread to nearly every segment of the economy, from …

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Coronavirus has mixed impact on Michigan’s economy » WDET 101.9FM

Alex McLenon The stock market has been in free fall for the past few weeks amid fears of COVID-19, but there have been relatively few economic implications in Michigan so far. State residents are starting to see the financial effects of COVID-19 at the gas pump. Talks to cut oil production amid global travel restrictions …

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Far-left agenda would decimate Michigan economy

Tori sachs | Detroit News As Democrats work their way through a brutal and confrontational presidential nomination process, it becomes increasingly likely that a self-proclaimed “democratic socialist” who has praised the Communist leaders of the Soviet Union is to be. and Cuba, an elitist on Wall Street who thinks he should determine who can own …

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You Could Be Wrong About Michigan’s Economy » WDET 101.9 FM

Cheyna Roth, Jake Neher Michigan’s economy was in the national spotlight last week. During her response to President Donald Trump’s State of the Union, Governor Gretchen Whitmer made a point of saying that not everyone is feeling the growth that Trump announced during his speech. So how good is Michigan’s economy? And who benefits? “I …

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West Michigan economy slows, says GVSU economist

Western Michigan economy will continue to slow as business leaders worry about the presidential election, says GVSU economist. GRAND RAPIDS, Michigan – In 2020, the western Michigan economy will experience stagnant job growth, weakening sales growth and bolstering export growth, according to a Grand Valley State University. economics teacher. Paul Isely, professor of economics and …

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Could be better, could be worse Michigan Advance

More than a decade after the onset of the 2008 recession, Michigan still faces a challenging environment for economic growth. Nonetheless, the state’s economy is expected to recover over time, albeit slower than the Michiganders would like. So say top economists at the University of Michigan and state tax analysts, who presented their economic findings …

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Michigan economy poised to grow in 2020 after a ‘disappointing’ year

A combination of factors came together in 2019 to weigh on Michigan’s economy. The six-week strike at General Motors, job cuts at GM and Ford in early 2019, a slowing manufacturing sector and relatively stable auto sales have collectively held back the state’s growth this year. As 2020 approaches, Gabe Ehrlich and his colleagues at …

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Michigan’s economy is improving. But the suburbs could face the next fiscal crisis.

Michigan’s economy has largely recovered from the Great Recession, but more than 150 communities still face serious long-term financial challenges. The next frontier of money problems? Suburbs, says Eric Scorsone, Michigan assistant treasurer. “I guess the next wave of tax problems will be more likely in the suburbs than in the cities,” Scorsone said. As …

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Line 5 shutdown blocks Michigan economy

Views are selected from community submissions emailed to us across Michigan on a wide variety of topics. To submit your opinion, email your topic suggestion and relevant experience to [email protected] A Canadian energy company has just asked the Michigan Claims Court to allow the continuation of its multibillion-dollar pipeline project. The Michigan legislature approved the …

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USMCA will boost Michigan’s economy and jobs

chuck hadden | The Detroit News For Michigan manufacturers, access to duty-free, rules-based global trade is imperative to the economic prosperity and livelihoods of more than 634,600 workers across the state. With manufacturing being one of the largest employers in our industry, ensuring manufacturers’ ability to sell more of what they make to more consumers …

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Michigan economy faces headwinds after 10 years of sustained growth

Over time, the share of manufacturing in the economy began to decline. (Manufacturing accounted for 21% of Michigan’s non-farm labor force in 1990; last year it was 14.3%, data shows.) Detroit’s three automakers began to lose market shares in favor of foreign brands. The increased automation of factories means that fewer workers are needed to …

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Is space the next frontier for Michigan’s economy? » WDET 101.9 FM

Alex McLenon NASA/Dmitri Gerondidakis Michigan’s economy could soon find itself in the cosmos. At least that’s the goal of the Michigan Launch Initiative, a state grant to build a spaceport north of the 45th parallel at a location yet to be determined. The project would allow Michigan to gain a foothold in the commercial satellite …

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Michigan economy ‘strong’ but facing trade war ‘steamroller’

Lansing – Michigan is expected to continue to create jobs and boost incomes in years to come, but an escalation in the international trade war could shatter assumptions and hit the state hard, top economists told lawmakers Friday. Experts say strong ties to the auto industry and manufacturing make Michigan’s economy particularly susceptible to the …

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Tariff situation “worrying” for the Michigan economy

Michigan jobs totaling approximately 1.18 million are supported by international trade, and 89% of Michigan’s exporters are small and medium-sized businesses. The president and CEO of the Michigan Chamber of Commerce is watching the trade war with China closely. “[It’s] worrying for the agro-industry and for the manufacturing sector. I think it’s the next two …

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Craft Beer Industry Helps Boost Michigan’s Economy

Michigan State University has released a first-of-its-kind study, published in the journal Beverages, that shows the respectable economic impact of the entire booming beer and craft beer value chain on the state of Michigan. Trey MaloneMSU agricultural economist, is the lead author of the study. “The idea of ​​craft beer isn’t very old,” says Malone. …

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