MEDC

Economists pitch Halifax-Detroit freight link

Detroit could become a major inland port by establishing a rail link with the expanding deepwater port of Halifax, Nova Scotia, say three Michigan economists who have formed a nonprofit group to promote the idea. The Great Lakes Global Freight Gateway ultimately […]

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For $400 million, you get a double-decker rail tunnel

A freight rail tunnel under the Detroit River — nearly two decades in the planning — is nearing the construction phase, its backers say. The $400 million Continental Rail Gateway would replace an obsolete, 102-year-old rail tunnel that is too small to […]

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Aerotropolis searches for dollars, stability

To proponents of Detroit’s “aerotropolis,” the airplane could be as important to Michigan’s economy in this century as the automobile was in the 20th century. The “aerotropolis” sounds like something out of “The Jetsons” — an airport surrounded by a bustling city […]

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Pure snark: St. Clair Shores man scores with video spoofs

A slow fade in, and a tinkling piano picks out a familiar phrase. The camera watches a familiar Metro Detroit main drag bathed in the golden light of a summer afternoon, while a mellow man’s voice speaks: “Downtown Royal Oak brings to […]

Read Nancy Derringer's article

Political turmoil threatens to close gateway to jobs

The idea: Transform Michigan into theMidwest’s premier inland port and transportation hub, uniquely linking air, sea, rail and road capabilities. Create a new industry — a Great Lakes Global Gateway — forged from our existing manufacturing and agricultural sectors. The vision: Take […]

Read Phil Power's column

Michigan seeks ‘sweet spot’ on small businesses

Most new jobs are created by small businesses, right? That’s long been the perception perpetuated by small-business advocates and politicians from the local level on up to the White House. The reality isn’t so neat. While federal statistics show small businesses accounted […]

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State takes cautious approach to freight hub proposals

A dizzying number of transportation-related proposals centered on Detroit’s mid-continent location are floating around Michigan. They have funny names (Aerotropolis), links to faraway locales (Halifax, Nova Scotia) and impressive engineering goals (a rail tunnel tall enough to handle double-decker cars). One common thread […]

Read Derek Melot's article

State’s exports lift economy as they leave

One of the biggest — and largely unheralded — signs of Michigan’s economic recovery is the state’s impressive jump in exports. The 2012 Michigan Scorecard ranked exporting as “good,” up from “average” in 2010. But the state’s performance in selling Michigan-made goods […]

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Michigan’s venture capitalists step up to start-ups

If Michigan’s economy is to become more innovative and entrepreneurial, as Gov. Rick Snyder says it must, then it will need more start-up companies like 3D Biomatrix in Ann Arbor. The company, spun out of research at the University of Michigan, produces […]

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On tax tactics, Snyder picks ‘all of the above’

During his campaign for governor in 2010, Gov. Rick Snyder said he would focus on tax cuts and end tax incentives in trying to attract jobs and business investment to Michigan. Snyder and the Republican-controlled Legislature delivered on the tax cuts, trimming […]

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Business recruiters watch changes in Michigan incentives with concern

Local economic developers say they’re worried that Michigan isn’t spending enough on incentives to compete in the increasingly expensive fight among the states for jobs and business investment. Gov. Rick Snyder’s administration has ended the state’s practice of handing out expensive business […]

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Is Michigan too light on tax lures?

How many economic development incentives does Michigan need to compete for jobs and business investment? A debate is raging over that question since Gov. Rick Snyder largely shifted the state’s economic development efforts away from trying to buy jobs from other states […]

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Guest column: Audit should prompt scrutiny of MEDC’s fundamental purpose

By Gary Wolfram/Hillsdale College A recent Auditor General’s report found that the Michigan Economic Development Corporation has failed to establish a comprehensive method to properly evaluate the effectiveness of one of its major programs: Renaissance Zones. From the inception of the Renaissance […]

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Land O Links

*A point often lost in the debate over changes to health care: The status quo is not exactly peachy for many people. “Between 2006 and 2011, the cost of a private sector employer sponsored family premium in Michigan rose an average of […]

Read Derek Melot's article

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