Kellogg was ready to move two-thirds of its Michigan cereal production to Canada. But the new corporate version of the iconic brand decided to stay here, thanks in part to $24 million in state incentives.
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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Michigan utilities explore longer-term funding to address extreme weather
DTE Energy and Consumers Energy say their systems are more reliable after severe outages this year. But with extreme weather increasing from climate change, they’re looking at additional funding options such as customer surcharges or bonds.
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New scrutiny challenges Michigan's investment in Gotion EV battery plant
While many of Michigan’s largest EV battery projects are slowing, Gotion Inc.’s plans are on track near Big Rapids, but scrutiny from a new township board creates new challenges for the deal.
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MGM Grand workers ratify new contract, end casino strike
Union members with the Detroit Casino Council voted Saturday to ratify a new contract with MGM after 47 days on strike.
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Michigan bet billions on EV jobs. But delays, layoffs may diminish returns
Michigan spent billions to lure electric vehicle factory sites. But as EV sales lag, highly touted mega-site projects are being scaled back, along with jobs. And the economic payoff for Michigan seems more distant.
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Michigan workforce quietly passes pre-pandemic levels, shows resilience
Signs are popping up of a national economic slowdown, but Michigan’s workforce continues to grow and diversify, making the state less vulnerable than many others to a downturn, University of Michigan economists predict.
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Michigan is spending to fill critical worker gaps. Here’s what’s needed
Some worker shortages hurt more than others, and state leaders are rushing to try to make it easier to fill vacancies from paramedics to special ed teachers.
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Michigan public companies having a rockier year than overall stock market
As year-end approaches, only 1-in-4 of Michigan’s largest, publicly traded companies beat an industry success barometer, while half saw their value erode. The UAW strike was a setback for automakers, though office furniture companies flourished.
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Stung by EV losses, Ford plans smaller Michigan factory with fewer jobs
Construction will restart at the factory near Battle Creek once valued at $3.5 billion. Ford’s plan to downsize will cut jobs. The state says Michigan’s incentive contribution will drop accordingly.
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UAW strike 2023 update: Workers approve deal at GM, last of three companies
This continuously updated tracker has information about United Auto Workers strike against Ford, General Motors and Stellantis.