Out-of-state banks now dominate the state, with only two Michigan-based banks among the top 12. The list below is from the Michigan Bankers Association, as of June 30. Bank nameState HQMI branchesDeposits (in billions)MI market share (by deposit)JP Morgan Chase Bank, NAOH305$3218.93%Comerica BankTX216$24.814.70%PNC Bank, NADE232$14.98.81%Bank of America, NANC193$13.78.13%Fifth Third BankOH249$137.67%Huntington National BankOH171$7.84.60%Flagstar Bank, FSBMI111$7.74.55%FirstMerit Bank, […]
Rick Haglund
Rick Haglund has had a distinguished career covering Michigan business, economics and government at newspapers throughout the state. Most recently, at Booth Newspapers he wrote a statewide business column and was one of only three such columnists in Michigan. He also covered the auto industry and Michigan’s economy extensively.
Posted inChildren & Families
Can fancy finance fund fights against social ills?
A new method of financing government programs such as early childhood education and prison reforms is generating a near giddiness among states and philanthropists eager to participate. Social impact bonds allow foundations and private-sector investors to participate in funding programs aimed at easing social ills and earn a financial return if the programs are successful. […]
Posted inChildren & Families
Michigan philanthropists have a ‘sense of urgency’ on education
Rob Collier/Council of Michigan Foundations The Council of Michigan Foundations is the nation’s largest regional association of grantmakers, representing 350 foundations and other grantmaking organizations in the state. Foundations are playing an increasingly prominent role in Michigan as state and local government budgets that support for communities, the arts, recreation and other services have become […]
Posted inMichigan Government
New Michigan Scorecard: Five years later, state still stuck in neutral
Despite a rebounding auto industry and real estate prices beginning to turn around, Michigan is barely moving the needle in many other quality of life rankings against other states. That’s the somewhat humbling message of this year’s Michigan Scorecard, compiled through a partnership of The Center for Michigan and Kurt Metzger, Director Emeritus of Data Driven […]
Posted inMichigan Government
Michigan Scorecard solutions elude policymakers
This year’s Michigan Scorecard shows the state needs to boost educational performance, reduce poverty, repair crumbling roads and trim the percentage of residents without health insurance. Fortunately, there are proposals in Lansing that would address those issues that affect the quality of life in Michigan. Unfortunately, Gov. Rick Snyder and the Republican-controlled legislature have not […]
Posted inBusiness Watch
How a Michigan entrepreneur overcame pork politics
Marc Santucci’s long experience of working in international trade came in handy, strangely enough, when he stepped out of that world several years ago and became a Michigan pig farmer. His effort to import blond Mangalitsa pigs from Hungary to Haslett pulled him into lengthy talks with members of Congress and U.S. Department of Agriculture […]
Posted inBusiness Watch
As vets find jobs contractors fight hiring preferences
Reconnecting military veterans to the workplace after they have served their country has been one the most talked about labor market issues by state and federal policymakers in recent years. After all, what could be more noble than helping veterans, many of whom have risked their lives during combat tours of Iraq and Afghanistan, find […]
Posted inBusiness Watch
Vets fare better on front lines of job search
Despite a perception that veterans are having a particularly hard time finding jobs, the unemployment rate for veterans in Michigan is lower than for the overall work force. Unemployment rates for veterans and for all Michigan workers: YearVeteransOverall20057.0% 6.8%20066.0% 6.9%20074.9% 7.1%20088.0% 8.3%200915.0% 13.4%2010 15.9% 12.7%201111.2% 10.4%2012>7.9% 9.1% Source: Michigan Bureau of Labor Market Information & Strategic […]
Posted inTalent & Education
Oxford goes global to improve student learning
Oxford Community Schools is educating students far beyond its borders in the belief that it will make its local students more successful. This growing rural school district in northern Oakland County, about 40 miles north of Detroit, is bringing dozens of students from China to finish their last two years of high school in Oxford. […]
Posted inChildren & Families
A new PATH for Michigan workers gains friends and foes
Demita Burnett admits she made some poor decisions in her young life that ultimately led her to seek welfare assistance in January. The 26-year-old Saginaw resident, a single mother of a 5-year-old son, had few job skills, no transportation and not even a driver’s license or state identification card. “Financially, I had no other choice […]