‘We need to find jobs that people can keep,’ says one store owner as the second-largest employer in Evart closed this summer. It’s just another blow to a community fighting for stability during the coronavirus pandemic.
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
Study: Wage gap widens between Black, white workers, especially in Michigan
Both races make less than they did 40 years ago when adjusted for inflation. But wages for Black workers have declined more since the 1970s, in part because of a loss of manufacturing and widening gap in educational opportunities.
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Michigan’s auto industry struggled in Q2. CEOs say challenges remain.
A look at public filings shows that the leaders of the state’s largest auto businesses don’t yet see the end to COVID-19 slowdowns and sales contraction.
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Michigan business snapshot of Q2 earnings shows losses — and a few wins
Cereal is selling well for Kellogg amid coronavirus, but many other public companies in the state are still struggling with low earnings.
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Report: Michigan needs more entrepreneurs as it loses ground to other states
Michigan emerged from the Great Recession with a good environment for new businesses. But it wasn’t great. Now, the challenge to improve is more urgent.
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Big Ten may cancel Michigan football. In Ann Arbor, businesses brace for worst
University of Michigan football makes some $122 million per year and supports a host of businesses throughout Ann Arbor. They’ve already endured the coronavirus. Can they survive the loss of the 2020 season?
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PPE turns into ‘tremendous’ opportunity for Reed City factory
Thirty jobs created during the COVID-19 pandemic is one sign that Reed City Group’s diversification into medical equipment is paying off.
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MI start-ups pivot as venture capital investment plummets during COVID
The number of VC deals in the state dropped from 70 in the first half of 2019 to 41 this year, the lowest total in the past seven years. But several entrepreneurs found ways to survive during the pandemic.
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Q&A: Ari Weinzweig of Zingerman’s says MI restaurants need help. Now.
Restaurant owners are “making hard decisions, literally, almost every day.” A $120 billion relief package before Congress could help.
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TCF announces $1 billion investment in loans for minority-owned businesses
TCF bank expands lending and housing opportunities for low-income people and groups impacted by discrimination in Detroit and other midwestern cities.