The cannabis industry has seen sales climb and prices drop almost every month since legalization. That’s good news for an ever-growing number of customers, but making the business “a grind.”
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.
Posted inBusiness Watch
Battle Creek chooses optimism on Kellogg, even as it explores what’s next
City officials said they were putting faith in the word of Kellogg officials that the company would not abandon Battle Creek. But the food company, which is splitting off most of its business to a headquarters in Chicago, has been shrinking its local workforce for years.
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As Kellogg moves headquarters to Chicago, what’s left in Battle Creek?
An iconic Michigan brand, Kellogg Co. announced it is splitting into three companies, taking its growing and most profitable product (snacks) out of state, and creating an uncertain future for its sluggish cereal brand.
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Michigan icon Kellogg plans corporate spin-offs and move to Chicago
The cereal-maker, founded in Battle Creek and Michigan’s fifth-largest public company, soon will operate as three companies. Unclear is how much of it will remain in the state.
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Flooding prompts another halt at Michigan baby formula factory
The Sturgis facility could be shut for several weeks because of flood damage – just weeks after it reopened after a months-long shutdown during a contamination investigation.
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Michigan’s northern state parks may add worker housing
Competition for workers and a lack of rental homes in the Upper Peninsula prompted the state to convert an unused building at Tahquamenon Falls. Next up: the Porcupine Mountains, with more housing options likely to follow in northern Michigan.
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Fewer boaters and wine tasters. Will $5 gas sink Michigan summer tourism?
Fewer boats at a Rogers City marina. Wine-tasting crowd down in Leelanau County. New worries about travel costs Up North. This summer was supposed to be different. But warning signs mount for Michigan’s travel industry.
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Lack of parts and mechanics adds weeks to car repairs in Michigan
First it was parts delays. Then repair shops struggled to find certified mechanics to complete the job. Now repairs are taking weeks — or longer.
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Ford’s $2B investment in Michigan ‘solidifies’ state’s auto production
The automaker will make improvements to nine factories in the state, along with Ohio and Kansas operations. It also will build a new shipping facility in Monroe.
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Bipartisan support grows to add millions to Michigan’s $1B tax incentive fund
The SOAR Fund, approved in December, boosts large-scale economic growth, proponents say. Now both Democrats and Republicans are lining up behind adding to the fund in the next budget, after Gov. Gretchen Whitmer asked for $500 million.