Michigan’s marijuana industry is struggling with low prices and can’t absorb a 32% wholesale tax to fund road repairs, industry leaders say.
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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Experts: Trade tariffs remain threat to US auto industry
Michigan automakers and suppliers remain off-balance as trade tariffs remain in play — and may increase.
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Developer: Tax subsidy would help RenCen create ‘Navy Pier-like’ destination
Acknowledging a public backlash to a $1.6 billion plan to remake the Renaissance Center, a top official stresses that $350 million sought for the plan would benefit the public.
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Rural Michigan company sees big potential in Palisades nuclear plant restart
Wolverine Power Cooperative is slated to buy over half the power generated at the plant. It says the reopening could help rural electric cooperatives reach the state’s climate goals a decade ahead of time and keep prices steady.
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RenCen seeks rebirth, visitors seek directions: A day inside Detroit landmark
As Detroit’s most iconic skyscraper complex seeks a $1.6 billion rebirth, 24 hours in the Renaissance Center underscore what many have learned the hard way: It’s impossible to navigate. If you go, bring snacks and patience.
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Renaissance Center looks to future. Should taxpayers help pay the bill?
A familiar debate is brewing in Lansing and Detroit, as plans to transform the 5.5 million square-foot site hinge on money from taxpayers. Developers say the RenCen will molder and rot without support.
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Michigan wants to become a hub for hydrogen production, fueling stations
The state needs to build fueling stations and higher-capacity production facilities to support hydrogen-fueled trucks.
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Q&A: ‘Grand Rapids is going to be the benchmark’ for Michigan growth
West Michigan’s success is poised to be a national example, economic developer Randy Thelen says.
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Consumers Energy seeking a nearly 11% increase in residential gas bills
Michigan’s largest utility company, Consumers Energy, is seeking a $248 million rate increase. If it’s approved, customers’ bills would increase in late 2025.
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Report: Michigan mobility jobs grow as traditional auto employment falls
As transportation evolves, job growth needs to focus on the full range of mobility employment, a new report from MichAuto says.