No industry contracted more during Michigan’s “lost decade” than construction. The value of new construction, including homes, offices, factories, hospitals and schools, fell by more than half, from $21 billion in 2001 to $9.2 billion last year, as measured by state gross domestic product. During the same period, Michigan lost 82,000 construction jobs, a 40 […]
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
Health sector surges, but Michigan economy still faces educational drags
Manufacturing is still the engine driving Michigan’s economy, but several other industry segments are fighting to grab the steering wheel. Health care; finance and insurance; professional, scientific and technical services; management of companies; wholesale trade; and lodging and food service all have shown near or above double-digit growth of the past two years as measured […]
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RTW law and referendum just won’t mix
Michigan is one of 24 states where the public can pass judgment on the work of their elected representatives via the power of referendum. But just as Superman’s foes found kryptonite could neutralize him, Michigan legislators have found their way to neutralize the referendum. The majorities backing Right to Work legislation included a $1 million […]
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Right to Work bills won't touch State Police
Thousands of union workers converged on Lansing Tuesday to protest the passage of Right to Work legislation. They stood on a Capitol grounds well-populated with Michigan State Police troopers – troopers who, ironically, are not only unionized themselves, but insulated from the current debate due to a constitutional provision. A spokesman for MSP declined Tuesday […]
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Right to Work bills revamp how courts handle challenges to them
In September, an Ingham County Circuit Court judge ruled against a state law backed by Gov. Rick Snyder and the Republican legislative majority to require state employees to make an additional payment to their pension plan. It’s not the first time that an Ingham County judge has ruled against the state as part of that […]
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Is Michigan too light on tax lures?
How many economic development incentives does Michigan need to compete for jobs and business investment? A debate is raging over that question since Gov. Rick Snyder largely shifted the state’s economic development efforts away from trying to buy jobs from other states to helping Michigan companies grow, a process he calls “economic gardening.” Soon after […]
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Business recruiters watch changes in Michigan incentives with concern
Local economic developers say they’re worried that Michigan isn’t spending enough on incentives to compete in the increasingly expensive fight among the states for jobs and business investment. Gov. Rick Snyder’s administration has ended the state’s practice of handing out expensive business tax credits, which cost the state nearly $1 billion a year, in favor […]
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Interest high in Right to Work; gains unclear
Gov. Rick Snyder has engaged in some shuttle diplomacy in recent days, talking with opponents and supporters of Right to Work, which limits requirements for participation in union activities by employees. RTW is something the governor has repeatedly said is divisive and not on his agenda, yet the idea has been the subject of much […]
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State bets big for jobs; gains are expensive
An economic development program created by Gov. Jennifer Granholm’s administration has spent more than $400 million in creating about 2,300 jobs. That’s about $175,000 per job. Rather than kill the program that critics said has a poor job-producing record, Gov. Rick Snyder is expanding the scope of the 21st Century Jobs Fund. The Jobs Fund […]
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Job-creation push spawns flurry of numbers, opinions
Comparing various kinds of economic development initiatives for their impact on jobs and economic growth often isn’t easy. And that’s especially true for two primary incentive programs Michigan has used in recent years; the Michigan Economic Growth Authority and the 21st Century Jobs Fund. MEGA was a fairly straightforward tax credit program used from 1995 […]