Summer started with gas at over $5 per gallon. Now it looks like it will end at less than $4, representing savings for residents already dealing with inflation at a 40-year high. But some warn the drop won’t last.
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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Ford job cuts a blow to Michigan efforts to expand highly skilled workforce
Retaining auto jobs in Michigan means more than factories. Experts say a highly-trained, salaried workforce — including engineers and software programmers — will keep Michigan the ‘center of gravity’ in the EV transformation.
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Q&A: Michigan’s auto industry confronts risks as EVs charge ahead
‘I think it’s safe to say no one has more at stake than Michigan,’ Center for Automotive Research’s Bernard Swiecki told Bridge in a conversation about the Michigan industry’s risks and opportunities.
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Small planes may save Muskegon airport as carrier exits. Houghton skeptical.
The national pilot shortage is prompting big route changes to Michigan’s smallest airports. But two are losing their only passenger airline, as soon as federal officials let them leave.
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One year later Afghan refugees in Michigan finding jobs, still seek asylum
Roughly 1,800 Afghan refugees were settled in Michigan after the fall of Kabul a year ago. They are seeking asylum, arguing their lives would be in danger if they returned to their homeland, which is now under Taliban rule.
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Rural Michigan fears airline route changes will be ‘disastrous’
Airports in Alpena, Sault Ste. Marie, Escanaba, Iron Mountain and Pellston are losing direct flights to Detroit and Minneapolis, which could add hours to trips and devastate airport revenues.
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Michigan’s largest public companies raising prices to fuel earnings growth
Call it the inflation circle of life. Second-quarter financials show that inflation hammered businesses this spring as they spent more. To try to keep earnings on track, they raised prices.
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Rising costs make for rough roads for Michigan’s independent truckers
Soaring fuel and equipment costs are forcing some truckers out of the business, adding to supply chain woes.
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How Michigan could benefit from Washington’s $76B investment in microchips
The state’s manufacturing heritage will help Michigan increase its role in high-tech semiconductor production, business leaders said, as President Biden will soon sign into law billions of dollars in production incentives.
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Judge delays Michigan minimum wage increase until at least February
A judge who ordered the increase and extension of sick leave delayed implementation of his own ruling while the case is under appeal.