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 […]
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.
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 […]
Posted inBusiness Watch
Snyder builds tax plan on complicated tax credit math
The Snyder administration’s plan to give tax relief to businesses by reducing the personal property tax rests … on the end of tax breaks for businesses. Yes, you read that correctly. Over the next several years, Michigan will stop sending hundreds of millions of dollars of business-tax credits out the door. The corresponding expected increase […]
Posted inBusiness Watch
In Ohio, tax repeal advocates tout anecdotes
While Michigan tinkers with its tax structure in an effort to improve its business climate, its neighbor to the south already is collecting accolades and attracting investments. Site Selection magazine, in its March issue, awarded Ohio its Governor’s Cup for attracting 498 major capital investment projects in 2011, the most among the 50 states. Michigan […]
Posted inBusiness Watch
Calley: PPT plan puts Michigan ahead of Ohio
Lt. Governor Brian Calley testified last week on behalf of the Snyder administration’s proposal to phase-out the personal property tax (read business equipment tax) by 2022. The proposal is strongly backed by business groups and just as strongly opposed by groups representing local governments and schools, which fear the loss of almost half a billion […]
Posted inBusiness Watch
Moroun family looks to state ballot tactic to protect its business
News item: The Detroit International Bridge Company, which owns the Ambassador Bridge, wants to put a state constitutional amendment on the ballot, one that would require a statewide vote for the New International Trade Crossing bridge to go forward. There’s little mystery as to what this is really all about. The bridge company is entirely […]
Posted inBusiness Watch
Snyder administration cleaning up state rulebook
The state has too many regulations and it costs too much to comply with them. That has long been a mantra of business groups. Now Gov. Rick Snyder has adopted the approach for state government as well. His Office of Regulatory Reinvention has been given the daunting task of sifting through all of the several […]
Posted inBusiness Watch
When a license plate just isn't enough
One person’s infuriating government regulation is another’s measure to protect public health and safety. That philosophical split plays out every day in how Michigan is enforcing regulations on commercial motor vehicles. In recent years, farmers and small businesses that rely on pick-up trucks to haul equipment, supplies and inventories have chafed at the Michigan State […]
Posted inBusiness Watch
Michigan has its own apprentice drama
A fight is likely coming soon at the Capitol over how many fully qualified electricians must be present during electrical work when apprentices also are on hand. In 2008, the state began enforcing a requirement in its basic law governing the electrical industry, the Electrical Administrative Act, mandating that one fully qualified electrician be present […]
Posted inBusiness Watch
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 […]