Beaches, festivals and farms are luring Marian Cioe from the streets of Chicago to Michigan’s southwestern shore. Forty-five years after first visiting Southwest Michigan on a business trip, the 66-year-old nurse plans to “live happily ever after” in the Great Lakes State. Cioe is just part of a real estate trend that has set Southwest […]
Business Watch
Follow Michigan’s changing economy — the businesses, jobs, investments and decisions creating opportunities, challenges and change across the state.
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The Big Flush: $180 billion vanishes from Michigan
Michigan home- and business owners have lost an astounding $180 billion from the value of their properties over the past four years — the result of auto company bankruptcies, a severe national recession and the worst state economy in more than 70 years — according to an analysis of state data by Bridge Magazine. Adjusted […]
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Nest eggs go bad in Oakland County
When Sven Gustafson and his wife Kristen bought a home in the Oakland County community of Ferndale in 2005, it looked like a smart move. Property values had been rising steadily. Ferndale, which borders Detroit along Eight Mile Road, was becoming a haven for young professionals, artists and gay Michiganians — the “creative class” described […]
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Plan for Detroit: Immigrants bring money
Former state Rep. Steve Tobocman argues immigration is the key to repopulating and reviving Detroit. Now director of Global Detroit, Tobocman recently wrote The Global Detroit Study, which outlines a plan to help Michigan regain economic prosperity by encouraging more immigrants to move here. Bridge Magazine’s Jo Mathis caught up with the voluble Tobocman recently […]
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Restauranteur sees city's future in density, immigrants
Torya Blanchard’s entrepreneurial story is becoming the stuff of legend in Detroit. The Detroit native quit a good job teaching French, cashed out her 401k and took the chance of her life by opening Good Girls Go To Paris Crepes in a former hole-in-the-wall hotdog stand behind the Boll YMCA in downtown Detroit. That was […]
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Entrepreneur bets on Detroit, urbanism
If you have taken a tour through downtown Detroit, there is a good chance you have walked through Claire Nelson’s shop, Bureau of Urban Living. Bureau, as it’s commonly known, is an Urban Outfitters-style boutique with high-end housewares carrying an urban, Detroit theme. It’s in a small space on the ground floor of the Canfield […]
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TechTown broadens focus from high-tech
Wayne State University’s TechTown was intended to incubate high-tech when it was christened a decade ago. However, a survey of the 63 tenants now operating out of the 84-year-old, 120,000-square-foot former Chevy Creative Services building in central Detroit shows nearly two-thirds are doing things other than high-tech. The survey by Bridge Magazine shows life sciences, […]
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How far will Midtown's momentum go?
There are two Detroits in the life of Theo Nicholaidis. The first is a city of cafes and galleries, with his favorite crepe restaurant just down the block from his two-bedroom condo, a newly rehabbed unit with hardwood floors, a fireplace and deck. “We go for walks at night through the neighborhood,” Nicholaidis said. “There […]
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TechTown firms pleased, but see alleys of opportunity
Tenants at Wayne State University’s TechTown gave an average score of 8 out of 10 when asked by Bridge Magazine to rate the level of incubation and acceleration assistance provided by the business incubator. Said Keith Young, founder and executive adviser to Ecotek: “A lot of the acceleration is left up to the entrepreneur.” Ecotek […]
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Students left with little guidance in high schools
High school seniors are expected to ask their guidance counselors where they can find work in Michigan. Their guidance counselors, though, may be asking the same question. At a time when Michigan teens are struggling to find their footing in a changing economy, schools are thinning the ranks of guidance counselors. State schools averaged one […]
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