Ohio is expected to approve its first recreational marijuana retailers, possibly this month, a move that could cut into profits at the dozens of Michigan retailers who have targeted the Ohio market for customers.
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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12 more Rite Aid stores closing in Michigan, the latest for bankrupt chain
Rite Aid is in bankruptcy and has struggled to keep its doors open. See if your location is on the closure list.
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Michigan lawmakers eye changes to corporate incentives after Bridge report
Legislators, who are debating economic subsidies, raise alarms after Bridge reports that Michigan spent $1 billion to create 200 jobs in EV battery plants.
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Michigan has spent $1B on EV, battery plants. So far, they’ve created 200 jobs
Gov. Gretchen Whitmer bet big on five companies that promised $16 billion in investments and 12,000 jobs. The projects didn’t need to create jobs before getting the money, and now all are delayed or downsized.
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Where mega battery, EV projects stand after $1 billion in Michigan subsidies
Michigan has pledged $2 billion to five companies promising huge investments. The projects are behind amid flux in the auto industry. Here’s where they all stand.
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Michigan lawmakers move to reform corporate subsidies; hurdles remain
A House committee passed a $6 billion plan to set aside $2.5 billion for corporate incentives over the next 10 years and funnel more money to transit and housing. It faces tougher prospects in the full House.
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Michigan transit backers race to $6B economic development plan
A new Michigan plan would redirect some business incentive funding to pay for transit projects. Supporters imagine autonomous vehicles delivering workers, bus rapid transit in Detroit and better air travel to northern Michigan.
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Before, after photos show transformation of Michigan Central Station in Detroit
The iconic Michigan Central Station will reopen on Thursday after a $950 million restoration by Ford Motor Co.
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Mass transit wins big in new plan to retool Michigan corporate subsidies
The Michigan Legislature seems ready to redirect much of its billion dollar incentive spending toward building more mass transit and other community projects. Gov. Gretchen Whitmer appears open to the idea.
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China making Detroit automakers 'underdogs' with huge EV push, experts warn
China will build 30 million vehicles this year, three times as many as the U.S. That means Detroit automakers — and Michigan policymakers — must act to preserve the state’s dominant industry, experts said Wednesday.