MACKINAC ISLAND — Everybody knows a chirpy optimist, one of those sunshiny people always telling you to turn your frown upside down and look on the bright side. But spend a while listening to Fareed Zakaria, and it’s hard not to be swept along by this self-described seeker of the bright side. The writer, editor […]
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
Web helps Upper Peninsula stores bolster hometown success
No one would mistake Marquette’s Front Street for the Magnificent Mile in Chicago. There’s only so much foot traffic retailers are going to see in this city of 21,000 on the southern shore of Lake Superior. Two Marquette retailers, though, have found ways to thrive both as a “brick and mortar” shop for their hometown […]
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Not much above par on Michigan's scorecard
Gov. Rick Snyder campaigned for the state’s top elected office in 2010 with a promise to “reinvent” Michigan. The Center for Michigan’s 2012 Michigan Scorecard, compiled in partnership with Data Driven Detroit, shows there’s still plenty of reinventing to do. Although Michigan’s economy has performed a U-turn from a decade of job losses, most other […]
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State's exports lift economy as they leave
One of the biggest — and largely unheralded — signs of Michigan’s economic recovery is the state’s impressive jump in exports. The 2012 Michigan Scorecard ranked exporting as “good,” up from “average” in 2010. But the state’s performance in selling Michigan-made goods around the world has improved even more since the 2012 Scorecard data was […]
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Rusty and rutted, infrastructure holds state back
While Michigan’s roads and bridges crumble, lawmakers in Lansing dither. “Our infrastructure is in terrible shape,” said Michael Nystrom, executive vice president of the Michigan Infrastructure & Transportation Association, a trade group. “There is a unanimous recognition of the need among elected officials,” he added. “But no one can really figure out where we go […]
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State takes cautious approach to freight hub proposals
A dizzying number of transportation-related proposals centered on Detroit’s mid-continent location are floating around Michigan. They have funny names (Aerotropolis), links to faraway locales (Halifax, Nova Scotia) and impressive engineering goals (a rail tunnel tall enough to handle double-decker cars). One common thread through most of these proposals is a need for investment. The ideas are […]
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Michigan seeks 'sweet spot' on small businesses
Most new jobs are created by small businesses, right? That’s long been the perception perpetuated by small-business advocates and politicians from the local level on up to the White House. The reality isn’t so neat. While federal statistics show small businesses accounted for 65 percent of all new jobs in the United States between 1993 […]
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Big firms still offer employees better pay, benefit deals than smallest firms
One area in which the conventional wisdom about small business holds is in benefits. Workers at smaller firms earn less in wages, get fewer paid days off and receive less generous health insurance benefits than their counterparts at large companies. The compensation gap is huge between businesses that employ between one and 49 workers, and […]
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Michigan workers more likely to work for big business — then and now
Michigan has a long-held reputation as a big-business state. But the number of large establishments in the state and the number of workers they employ have dropped significantly since the mid-1990s, according to statistics compiled by the U.S. Small Business Administration and the Edward Lowe Foundation in Cassopolis. The Lowe Foundation compiles statistics on small […]
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Metro Detroit bank, Traverse Bay winery navigate way to 2012 '50 to Watch' list
It isn’t surprising to see computer software, health care and Internet-based companies on a list of up-and-coming companies in Michigan. But a community bank? Wall Street’s meltdown in 2008 wiped out hundreds of banks across the country, including 13 mostly small local banks in Michigan. The banking climate was so bad in Michigan that the […]