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?
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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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.
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Michigan may soon move to shield businesses from coronavirus lawsuits
Business owners fear a flood of lawsuits because of exposure from the coronavirus. Lawmakers may soon consider legislation that would grant them protections if they follow precautions.
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Michigan property owners have until Aug. 31 to appeal 2020 taxes
Michigan moved its appeal deadline because of the coronavirus pandemic. So far, nearly 1,400 commercial property owners seek to reduce their taxes, while cities brace for a decline in revenues.
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Q&A with Sandy Baruah: ‘To keep businesses open, wear a mask’
The leader of the Detroit Regional Chamber says the most important thing Michiganders can do for businesses during coronavirus is to help them keep their doors open.
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Whitmer orders Michigan stores to refuse entry to those not wearing masks
With coronavirus cases rising, Michigan’s governor toughened state face mask requirements. Starting Monday, expect to be refused entry to stores and restaurants if you’re not covered. Customers face fines, stores face closure for ignoring.
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$100M in ‘critical’ coronavirus relief coming to Michigan small businesses
With uncertainty growing along with coronavirus cases across the U.S., the state says the new grants are ‘critical’ to helping them survive the pandemic. Another $15M targets farms