Detroit will not see a net gain in new jobs or local tax revenue for the estimated 850 GM RenCen employees.
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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New push to reform Michigan corporate subsidies, this time from Republicans
Lawmakers from both parties say they want more accountability and to steer big money away from companies toward communities.
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Michigan spends $9.2M toward new 1,200-acre megasite near Flint
The goal is to attract thousands of jobs from one company’s $2 billion investment.
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GM to exit RenCen, relocate to Hudson’s site that has received big tax breaks
General Motors announced that it will be relocating its global headquarters from Detroit’s iconic Renaissance Center to the Hudson’s building downtown in 2025.
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Ford changes EV strategy but proceeds with smaller Michigan battery factory
New details on the factory complex are emerging, giving clues to Ford’s plans for the property. Even after downsizing, it’s one of Michigan’s largest EV investments.
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Lakeside isn’t dead. It’s awaiting a $1B rebirth. Can Michigan malls follow?
Once the place to be, malls have lost their cachet. But many have regained their mojo and are finding second acts. The mall that helped fuel Macomb County’s growth may be next.
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Michigan invented shopping malls. Photos show rise, fall, rebirth since 1954
Northland Mall in Southfield was the first. Hundreds have followed. But as malls change, one surprising trend has emerged: Many are popular again after waves of closures and changes.
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Whitmer urges feds to boost help to Michigan businesses hurt by lack of snow
In a letter to lawmakers, Gov. Gretchen Whitmer said she wants Congress and federal regulators to create ‘new paths’ for businesses impacted by the lack of snow this winter to get relief.
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U-M Health preps major metro Detroit expansion with Kmart site buy
The $4.2 million deal gives U-M a prominent location for its deeper expansion into metro Detroit as the health system plots statewide growth.
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Michigan approves $50M for Upper Peninsula copper mine — but with conditions
The Michigan Strategic Fund agreed to spend $50 million to support the Copperwood mine project in the western U.P. Supporters say the mine will provide much-needed jobs, while detractors warn of potential environmental effects.