City Council made a series of key votes Tuesday to secure tax incentives for the $1.5 billion District Detroit development project.
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 adds $120 million in incentives for Ford EV megasite near Marshall
The state is offering the automaker over $1 billion in funding as Ford plans a $3.5 billion investment in an electric vehicle battery factory about 20 miles east of Battle Creek.
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Chinese EV battery factory planned near Big Rapids faces renewed scrutiny
Gotion Inc. plans to break ground this summer, but questions persist about its corporate ties to the Chinese Communist Party and whether the deal presents U.S. security risks. Gotion announced plans last year to build a $2.36 billion factory in Michigan.
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Q&A: Ilitch-Ross developers talk District Detroit jobs, housing, tax breaks
BridgeDetroit asks developers who will benefit from a group of publicly-supported downtown projects.
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5 things for Michigan to know amid SVB banking crisis
Fallout from Silicon Valley Bank and other banks’ capital crises continues into the second week, raising still more questions about how far the impact will spread. So far, many businesses in Michigan appear unaffected, but the broader economy may not be so fortunate.
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McMorrow: Democrats plan changes to Michigan’s business incentives
Lawmakers in charge of economic development will consider how economic development tools — including tax incentives — can better optimize a return on the state’s investment, committee chair Sen. Mallory McMorrow told Bridge.
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Mackinac Island ferry switching to electric power
A Michigan agency will convert the Chippewa ferry to electric power. The 61-year-old diesel engines will be replaced with electric motors.
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Most Michigan-based stocks roaring back in 2023 after a brutal year
The state’s public companies are faring well so far amid the up-and-down stock market, Bridge Michigan analysis shows. Among the big winners: Wolverine World Wide, Ally Financial and Penske Automotive.
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DTE Energy cut operations to meet profits months before power outages
Amid backlash over its handling of ice storm outages, Michigan’s largest utility’s public filings show it is trying to keep its returns stable. What that means for customers is higher rates even as they use less power.
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GM offers buyouts to ‘majority’ of 35,000 salaried workers in Michigan
The Detroit-based automaker is trying to cut $2 billion from its fixed costs with the voluntary plan.