Plan for a new hospital, medical research facility, housing and commercial space is pitched as the latest “transformative” investment in Detroit.
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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Robust jobs market in January suggests economy not ‘cooling’ as predicted
Inflation is still high. But job growth is, too. Combined, they create a challenge for the nation’s monetary policy makers.
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Northern Michigan towns embrace marijuana, while many suburbs still opt out
Marijuana access in Michigan remains uneven, as several votes to allow the sale of recreational pot had mixed results in recent months.
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Michigan tax refund 2023: How long does it take and other questions
With tax season in full swing, take a moment to brush up on potential new Michigan tax credits, how to get your refund faster and how to avoid tax scams
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Michigan businesses with hourly workers fret over continued pay hikes
Inflation may be moderating, but there still aren’t enough hourly workers to fill open restaurant, retail and other lower-paid hourly jobs. In Michigan, businesses that depend on such workers are still raising pay to attract employees, a trend they say can’t keep doing.
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Farmland near Grand Ledge could be Michigan megasite for high-tech project
About 1,400 acres of assembled land, including a farm now owned by MSU, is under contract in tiny Eagle Township. Economic developers pitch the land as ‘America’s best megasite’ for energy-heavy projects like semiconductors or EV batteries.
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Bed Bath & Beyond’s decline breeds opportunity for Michigan retail centers
The state’s outdoor shopping centers won’t have to deal with vacancy for long if big-box stores file for bankruptcy, said Chris Brochert, managing partner at Lormax Stern.
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Minimum wage increase set for February blocked by Michigan court
Minimum wage was expected to jump to $13.03 an hour, but a Thursday court ruling blocks the increase. The Michigan Supreme Court will likely settle the issue.
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Hantz tree farm falls short on solving east side blight
John Hantz acquired cheap swaths of land on the east side with plans for an urban tree farm. Neighbors say the wealthy entrepreneur has fallen short but operates under a special deal not afforded to residents.
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Michigan tries to lure tech workers after layoffs at Google, other giants
Public tech companies in major U.S. cities are shedding tens of thousands of jobs — just as Michigan firms need to fill similar positions. With tech leaders including Amazon, Microsoft and Salesforce retrenching, state business leaders say the time is right to move.