Michigan may be best known as the home of the domestic auto industry, but state officials are focusing more on creating a wider public image, focusing on the spectacular natural world found so near the auto assembly lines. The state’s highly successful Pure Michigan tourism advertising campaign showcases many of them, including the Great Lakes, […]
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 inBusiness Watch
Rusty and rutted, infrastructure holds state back
While Michigan’s roads and bridges crumble, lawmakers in Lansing dither. “Our infrastructure is in terrible shape,” said Michael Nystrom, executive vice president of the Michigan Infrastructure & Transportation Association, a trade group. “There is a unanimous recognition of the need among elected officials,” he added. “But no one can really figure out where we go […]
Posted inBusiness Watch
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 for 65 percent of all new jobs in the United States between 1993 […]
Posted inBusiness Watch
Big firms still offer employees better pay, benefit deals than smallest firms
One area in which the conventional wisdom about small business holds is in benefits. Workers at smaller firms earn less in wages, get fewer paid days off and receive less generous health insurance benefits than their counterparts at large companies. The compensation gap is huge between businesses that employ between one and 49 workers, and […]
Posted inBusiness Watch
Michigan workers more likely to work for big business — then and now
Michigan has a long-held reputation as a big-business state. But the number of large establishments in the state and the number of workers they employ have dropped significantly since the mid-1990s, according to statistics compiled by the U.S. Small Business Administration and the Edward Lowe Foundation in Cassopolis. The Lowe Foundation compiles statistics on small […]
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Metro Detroit bank, Traverse Bay winery navigate way to 2012 '50 to Watch' list
It isn’t surprising to see computer software, health care and Internet-based companies on a list of up-and-coming companies in Michigan. But a community bank? Wall Street’s meltdown in 2008 wiped out hundreds of banks across the country, including 13 mostly small local banks in Michigan. The banking climate was so bad in Michigan that the […]
Posted inBusiness Watch
Almost all in 2006 '50 Companies to Watch' still in business
Strathmore Development Co., an East Lansing-based commercial and residential developer, was named to the “Michigan 50 Companies to Watch” list in 2006. Times were good, but Strathmore and many other promising companies on that list were about to experience the challenge of their young lives as the U.S. economy nosedived just a year later. “The […]
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Awaiting green energy's payoff
A North Carolina company canceled a wind farm project in January that would have placed as a many as 112 towering turbines across two counties in northwest Michigan. Energy Conversion Devices, one of the state’s pioneer manufacturers of advanced batteries and solar panels, filed for bankruptcy protection in February. Several ethanol refining plants planned for […]
Posted inBusiness Watch
State sails toward renewable energy mark
Michigan electricity providers are making good progress toward meeting the state’s 2015 renewable-energy mandate, mainly because of a sharp drop in wind-power generation costs, a recent state Public Service Commission report found. The commission also says the cost of renewables is lower than the projected cost of producing electricity from a new coal-fired plant. Spokesmen […]
Posted inBusiness Watch
Debate continues, but Volt retains its buzz
General Motors CEO Dan Akerson recently lamented that the Chevrolet Volt had become “a political punching bag” for conservatives who see it as a rolling symbol of liberal economic policies. But the repeated right hooks haven’t knocked the Volt out yet. Just weeks after GM announced a temporary production shutdown due to slow sales, the […]