michigan economy

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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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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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 …

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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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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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Bay College Joins Michigan Community College Jobs Coalition

With the addition of Bay College, Michigan employers looking for today’s job-ready talent can now reach even more colleges for FREE through the Michigan Community Colleges Jobs Consortium, powered by College Central Network. CollegeCentral.com/miccjobs makes it FREE and easy for all employers, big and small, public and private, to register once, then post an unlimited …

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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What Hunting and Fishing Contribute to Michigan’s Economy

Michigan Hunting 101: What to Hunt, Where to Do It Fall hunting season is right around the corner, and Michigan offers millions of acres of public land to explore. Wochit Michigan’s deer hunting has been vital to the state’s economy and natural resource conservation efforts. But the number of hunters is decreasing at an increasing …

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Food processors play an “important role” in the economy of West Michigan

West Michigan’s growing food processing industry continues to thrive, driven by the region’s strong agricultural supply chain, access to water, and sufficient infrastructure capacity. With some 207 establishments located in an area of ​​13 counties, the industry has adopted a gradual growth path, which builds on its heritage in the manufacturing sector and seeks to …

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Business Operations Contribute $78 Million to Michigan’s Economy – Rental Operations

Enterprise’s total workforce in Michigan grew by more than 150 people in FY17, with 1,830 employees at 150 locations today. Photo via Good Free Photos. Enterprise Holdings contributed more than $78 million to Michigan’s economy last fiscal year, the birthplace of America’s famed auto industry and the nation’s largest producer of cars and trucks. Founded …

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Health of Michigan’s economy depends on auto sales and NAFTA renegotiation

Comerica Inc. Chief Economist Robert Dye sees Michigan’s economy behaving in the second half of 2018 much like the first half, growing continuously but at a significantly slower pace than in previous years. In what Dye calls a “pivotal year” for Michigan, two big factors – the decline in light vehicle sales, which will be …

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West Michigan economy continues to create jobs

Western Michigan’s economy continues to grow even as businesses begin to feel the price effects of steel and aluminum tariffs. That’s according to a report released yesterday by Brian Long, director of supply chain management research at Grand Valley State University‘s Seidman College of Business. In Long’s purchasing manager survey, the region’s business improvement 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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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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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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Michigan’s economy is still growing, but the general fund will remain essentially the same

The state got an idea Thursday of how much money it could have for the next two years. Economists gathered for the earnings estimate consensus conference on Thursday. Michigan will not see a big economic rebound in the coming years. Economists told lawmakers it was more like a slow exploration. Gabriel Ehrlich is an economic …

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Refugees contribute $ 295 million a year to Michigan’s economy, study finds

Refugees in southeast Michigan contribute millions to the region’s economy each year and created an estimated 2,311 new jobs in 2016, according to the results of a study released Tuesday by researchers from Global Detroit and the ‘University of Michigan. The report claims that the economic impact and the creation of new jobs stem from …

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New Study Shows FRIB Has Significant Impact on Michigan’s Economy | MSUToday

A new economic impact study shows Michigan State University’s rare isotope beam facility is expected to have a significant impact on Michigan’s economy and job creation. From construction to operations, FRIB is expected to generate accrued salaries totaling $1.7 billion and add $4.4 billion to the state’s economy. The study analyzes salary expenditures, material purchases …

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Government and heavy industry no longer dominate Michigan’s economy – Michigan Capitol Confidential

New stories Moved by medicine, education, professional services In 2006, Michigan’s top industries were government, with 672,800 jobs, and manufacturing, 657,000. That year, business and professional services accounted for 601,900 jobs, while education and health accounted for 580,600 others. A decade later, two sectors – business and professional services, and education and health services – …

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Detroit News

René wisely | Special for The Detroit News The Motor City may have put the world on wheels, but the power of the pedals helps keep the state economy going. Cycling injects about $ 668 million a year into Michigan’s economy, according to a recent report from the Michigan Department of Transportation. That figure takes …

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Hunting and fishing boost Michigan’s economy

Fishing attracts foreign tourists to Michigan. Photo: Lindsey Jene Scalera Despite drought conditions, low water levels and an outbreak of disease in the white-tailed deer population, fishing and hunting remained a boon to Michigan’s economy in 2012. With over 1.19 million fishing licenses and over 2.39 million hunting licenses purchased from the Department of Natural …

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Moderate employment growth, led by autos – CBS Detroit

ANN ARBOR – The University of Michigan’s 60th Annual Economic Outlook Conference ended Friday afternoon with relatively bright prospects for the state’s economy. UM economists George Fulton, Joan Crary and Donald Grimes predicted that the state will create nearly 50,000 jobs in 2013 and 61,000 jobs in 2014. READ MORE: 15-year-old charged as adult in …

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Governor Snyder believes Michigan’s economy is improving; Mitt Romney: Not so much

In this week’s edition of It’s just politics, Rick Pluta and I take a look at the politics of taking credit for a good economy. Governor Snyder says Michigan’s economy is improving, but that’s not the story Mitt Romney wants to tell. Zoe Clark: Rick, I have a great idea for this week’s show! Rick …

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High-speed rail would get Michigan’s economy back on track

Michigan led the automobile to prosperity in the 1950s and 1960s. But now we are losing more and more ground in the new economy. If we hope to catch up, one of the answers must be high-speed rail. That’s why it’s disappointing to see Michigan’s efforts toward high-speed rail service languish, as the federal government …

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