Phil Power is founder and chairman of the Center for Michigan. There’s no doubt that one of Michigan’s biggest stories this year is Gov. Rick Snyder’s decision to put Detroit under an emergency manager, and put attorney Keyvn Orr in that post. But Detroit is far from the first or only city in the state […]
bankruptcy
Posted inMichigan Government
Handshake deal with state haunts Detroit
DEAL BREAKER: Fifteen years ago, the state and Detroit agreed on a funding scheme – a deal that Detroiters say the state soon broke, helping propel the city into its current fiscal crisis. That agreement has been a point of contention between Detroit mayors (Dennis Archer, Kwame Kilpatrick, Dave Bing) and Michigan governors (John Engler, […]
Posted inSuccess
Warren auto supplier navigates industry turmoil
Tim Droege and a team of managers at German auto parts supplier Woco Automotive in Warren decided in 2008 to purchase the company — just as the state and national economies were imploding. “It was a crazy time to buy an automotive company,” said Droege, who completed the deal in January 2009 and changed the […]