The White House says President Donald Trump will sign an executive order Tuesday to relax some of his 25% tariffs on autos and auto parts. Trump is scheduled to speak later Tuesday in Macomb County.
Business Watch
Covering the intersection of business and policy, and informing Michigan employers and workers on the long road back from coronavirus. Our Michigan Economic Dashboard shows key metrics that show how the state is performing.
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Whitmer subsidy record: Companies get $1 billion; jobs fall short of promises
Since Gretchen Whitmer became governor, Michigan has given $995 million to companies that promised to create 65,000 jobs. They’ve produced 13,000 — a rate of $76,000 per job, a Bridge investigation finds.
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Top 10 subsidies under Whitmer: Michigan spends $900M; firms create 4,200 jobs
Ten mega projects have dominated economic development under Gov. Gretchen Whitmer. Most involve electric vehicles, remain behind schedule and have created one-fifth of the 25,000 jobs corporations promised.
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After $1B and mixed results, Michigan lawmakers cooling on corporate incentives
Gov. Gretchen Whitmer has pressed for more money for job-creating subsidies. But after some deals sputtered, lawmakers say it’s time for reforms.
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Michigan OKs $290M in public funding for 2 ‘transformative’ city projects
Developers in Southfield and Muskegon will be reimbursed for more than half the upfront costs of creating large mixed-use neighborhoods. Payback via tax increases could take 30 years.
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Colder winter a hopeful sign for this year's fruit crop, Michigan growers say
This year offers hope for Michigan fruit growers, after fluctuating spring temperatures and mild winters last year. Still, overproduction may lower prices and impact profits.
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Trump tariffs jolt Michigan: businesses eye cuts; shoppers tighten belts
Days into sweeping tariffs, Michigan companies and 401k holders have already lost billions in value, prompting tough choices. But some warn against ‘fear mongering.’
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Trump announces new auto tariffs; what it means for Michigan
President Donald Trump announced 25% tariffs targeting the auto industry Wednesday, the latest in a series of trade escalations that could have an outsize impact on Michigan’s economy.
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GM, LG Energy Solution to divvy up state subsidy, still pledge 3,200 new jobs
The state doled out $600 million in its first mega-subsidy deal. Now, sale of a Lansing battery factory has prompted an award split between GM and LG Energy Solution.
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Vance to tout ‘industrial resurgence’ at plant whose new jobs pay $20 an hour
The vice president comes to Michigan for the first time since the election on Friday. He’s visiting a Bay City-area plant that received a $1.2 million subsidy from the state to create 93 jobs that pay less than Michigan’s median.