As policy-makers and regional leaders in Southeast Michigan, and other parts of our state, work to grow jobs and connect residents to economic opportunity following the Great Recession, it’s important to remember that with jobs, location matters. The location of employment within a metro area intersects with a range of policy issues — from transportation […]
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
Living for the city: Vibrant urban cores lure young talent
FLYING HIGH: Milwaukee’s avant-garde art museum is a landmark on its urban waterfront. Such amenities are seen as key to lure young talent to metro areas. (Courtesy photo/used under Creative Commons license) Detroit and Milwaukee have a shared history as blue-collar, manufacturing, shot-and-a-beer kinds of towns. In recent decades, the two Midwest cities also have […]
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In turnaround, suburbs lose business to Detroit after years of flight
(Bridge illustration by A.J. Jones) The Southeast Michigan office of Grand Rapids-based public relations firm Lambert Edwards & Co. had been located for years in a gleaming high-rise Troy tower, surrounded by a sea of asphalt parking lots and clogged highways. “You couldn’t walk out your door to get a sandwich,” President Jeff Lambert said. […]
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Labor belabored: MEA losing members, losing fights. Will it lose its grip?
(Bridge illustration/A.J. Jones) Michigan’s largest teachers union is struggling to keep a toehold as change-minded foes with growing momentum seek to topple the MEA — one of the state’s traditional political giants. The 152,000-member union’s finances are deteriorating. Its growth strategy is uncertain. And it faces an unrelenting political offensive by opponents who see the […]
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Long-simmering GOP-MEA ‘war’ intensifies going into 2014
The Michigan Education Association and Michigan Republican Party are on speaking terms – sort of. SIGN OF TIMES: An MEA-financed billboard from last year’s elections reflect the heated rhetoric that has come to mark the union’s relationship with the Republican Party. (courtesy photo) Last year, the two sides regularly exchanged plenty of words – words […]
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Tax shift adds to fiscal woes at city hall
After years of political wrangling over the issue, business advocates hail the phase-out of Michigan’s tax on industrial machinery and business equipment as a welcome tonic for job growth. Public officials in places like River Rouge and Warren are not so sanguine. BILLIONS MORE LOST, BUT PROPERTY VALUE DROP SLOWING “This is not going to […]
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Who’s no. 1? County-by-county rankings on property values
No corner of Michigan has escaped unscathed from the “Big Flush,” the loss of billions upon billions of dollars in property values. In five years, total Michigan property values plunged by more than $260 billion, according to an analysis of state records by Bridge Magazine. But while the decline continued over the last year, it […]
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In Michigan suburbs, once-pricey bedrooms worth less
Some 15 miles southeast of Ann Arbor, the cozy bedroom community of Milan belies stereotypical views of Michigan’s economic decline. Largely white, nestled around a quaint downtown and dotted with upscale, newer homes, it projects the very image of suburban prosperity. Analysis of property values in 2011 and 2012 tells another story. In a city […]
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Property value drops exceed 30 percent in parts of SE Michigan
It might be only a slight exaggeration to say that as Southeast Michigan goes, so goes the state. The region, with roughly 50 percent of the state population and the driver of half its economic activity, suffered the steepest drop in the state in total property value over the past five years. And though there […]
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Billions more lost, but property value drop slowing
In five years, total Michigan property values plunged by more than $260 billion, according to an analysis of state records by Bridge Magazine. But while the decline continued over the last year, it slowed considerably. Values dropped from $725.5 billion in 2011 to $698.6 billion in 2012. Adjusted for inflation, that amounts to a drop […]