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Finance

Treasury: Last Weekend Before State Individual Income Tax Deadline

Michigan Business Network
April 12, 2024 1:00 PM

Tax Returns Must Be Filed by April 15, 2024

LANSING, Mich. – Taxpayers who have not yet filed their state income tax returns are urged to take advantage of the last weekend before the Monday, April 15, deadline to ensure accuracy, according to the Michigan Department of Treasury (Treasury).

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Peters Bipartisan Bill to Ensure DHS Can Procure Advanced Technologies

Michigan Business Network
April 12, 2024 9:00 AM

to Strengthen National Security Passes Committee 
WASHINGTON, D.C.  Bipartisan legislation authored by U.S. Senator Gary Peters (MI) to authorize the Department of Homeland Security (DHS) to extend its use of a procurement tool for acquiring leading-edge technology has advanced in the Senate. This procurement tool, known as other transaction authority (OTA), provides DHS with the flexibility to work with the most innovative businesses, including those that have not previously contracted with the federal government.
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The Right Place Assists Tesa Tape with Grand Rapids Expansion

Michigan Business Network
April 12, 2024 7:00 AM

Adhesive manufacturer adding 60 jobs to Grand Rapids region

(GRAND RAPIDS, MI.) -  Today, The Right Place, Inc., in collaboration with the Michigan Economic Development Corporation (MEDC), announced that tesa tape has relocated its headquarters from Charlotte, North Carolina to Grand Rapids.

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Treasury: MI Money Matters Provides Michiganders with a Virtual Tutor for Financial Empowerment

Michigan Business Network
April 11, 2024 3:15 PM

April is Michigan’s Financial Literacy Month

LANSING, Mich. – As a part of Michigan’s Financial Literacy Month, Lt. Governor Garlin Gilchrist II today announced the launch of “MI Money Matters,” a free financial empowerment platform for all state residents and beyond.

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The Right Place Assists Tesa Tape with Grand Rapids Expansion

Michigan Business Network
April 11, 2024 3:00 PM

Adhesive manufacturer adding 60 jobs to Grand Rapids region

(GRAND RAPIDS, MI.) -  Today, The Right Place, Inc., in collaboration with the Michigan Economic Development Corporation (MEDC), announced that tesa tape has relocated its headquarters from Charlotte, North Carolina to Grand Rapids.

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PNC Senior Economist Kurt Rankin: PPI Inflation Cooled to +0.2% in March 2024

Michigan Business Network
April 11, 2024 1:00 PM

(Seasonally Adjusted); Core PPI Also Up 0.2%

  • Topline PPI gained 0.2% on a seasonally adjusted basis in March 2024.
  • Core PPI, less Food & Energy, eased to a +0.2% gain for March 2024.
  • Services PPI remained the primary driver of supply-side price pressure in the U.S. economy, up by 0.3% for March 2024.
  • Producers’ Energy prices fell by 1.6% in March 2024 versus the month prior
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Treasury: Fostering Futures Scholarship Trust Fund To Host Fundraising Dinner In Kalamazoo

Michigan Business Network
April 10, 2024 4:45 PM

Funds Raised Help Individuals Who Experienced Foster Care Pay for College Education Expenses

LANSING, Mich. – The Fostering Futures Scholarship Trust Fund, which for more than a decade has helped youth who have experienced foster care achieve their dreams of a college education, will host a fundraising dinner at the Radisson Plaza Hotel in Kalamazoo from 5:30-9:30 p.m. on Friday, April 19.

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PNC Senior Economist Kurt Rankin; CPI Inflation at 3.5% in March 2024,

Michigan Business Network
April 10, 2024 1:00 PM

Strongest Pace since September 

  • Topline CPI grew at a 0.4% pace in March 2024 versus the month prior in seasonally-adjusted terms.
  • Core CPI, less Food & Energy, also posted a 0.4% monthly gain in March 2024 – it’s 3rd consecutive 0.4% monthly reading.
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Michigan Distinguished Professors of the Year Announced

Michigan Business Network
April 10, 2024 8:30 AM

Lansing, MI – Three professors from among Michigan's 15 public universities who are leaders in their field and passionately dedicated to student success have been selected as Distinguished Professor of the Year Award recipients.

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AEG | Economic Impact of 2024 Detroit NFL Draft to Exceed $160 Million

Michigan Business Network
April 10, 2024 8:15 AM

EAST LANSING, Mich. – The net economic impact of the 2024 NFL draft in downtown Detroit is expected to exceed $160 million, according to new analysis from economic consulting firm Anderson Economic Group, LLC.

AEG found that the draft will have a direct economic impact of $97,513,500 on Detroit, with an estimated $35,113,500 in total expenditures of attendees, after accounting for substitution. 

To complete this analysis, AEG followed a methodology that considers both direct investment and spending that will generate economic impact, and indirect economic activity.

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