The largest outbreak of bird flu in history and inflation are causing egg prices to skyrocket across the country. Even though Michigan poultry farms haven’t experienced many cases of the flu, state residents are feeling it when they go to the grocery store.
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 OKs new, 4-year contract with top economic developer to boost jobs
Quentin Messer Jr. will remain president and CEO of the Michigan Economic Development Corporation. The deal was approved Tuesday.
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District Detroit developers want half of cost covered by public financing
Developers behind a slate of projects totaling $1.5 billion are looking for $797 million in public funding to get it done.
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Used car prices are falling, but ‘seller’s market’ likely to last for years
As inflation starts to moderate, used car prices are falling faster than most consumer prices. Yet high interest rates, still-limited supply and other factors mean they’re unlikely to be considered ‘low’ again for many years.
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Audit: Michigan unemployment agency still struggles with COVID-era claims
The latest review of the state’s dysfunctional unemployment office found that problems with oversight and fraud investigation persist. The agency’s director accused the auditor of rehashing old issues and not giving the agency enough credit for reforms.
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Value of Michigan’s largest public companies dropped by over $120B in 2022
The decline among the state’s largest publicly traded companies is steeper than leading market indexes, with some companies — including General Motors and Ford Motor Co. — losing nearly half of their stock value.
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Grand Rapids tech firm is paying more to compete for software developers
As the country competes for software developers, West Michigan is pushing even harder. Jeff Williams of Atomic Object offers insight into how the work, recruitment and competition are changing as Michigan communities vie to become tech hubs.
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Census: Michigan’s population falls a hair in 2022
Michigan’s population declined by a few thousand, but experts say it should begin to grow again in a few years.
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Michigan braces for recession: What to watch, from inflation to home prices
This month’s data on inflation, interest rates and real estate all show how Michigan’s economy may be changing in 2023 as the state adapts to the national trends. Auto sales, though, could soften the blow.
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3M to stop making PFAS ‘forever chemical.’ Michigan asks what took so long?
The chemicals have been used in hundreds of household products for decades, even as more studies became public showing their danger to human health and ubiquitous presence in water. Michigan has hundreds of identified sites of PFAS contamination.