Finance

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.

WASHINGTON, D.C. – U.S. Senator Gary Peters (MI), Chairman of the Homeland Security and Governmental Affairs Committee, introduced legislation to address historic levels of fraud within federal funds that were passed to help Americans through the COVID-19 pandemic.

$2.8 Million Awarded for Infrastructure and Public Safety Projects

LANSING, Mich. – State Treasurer Rachael Eubanks today announced a total of $2.8 million is being awarded to 13 municipalities through the Financially Distressed Cities, Villages and Townships (FDCVT) Grant Program.

WASHINGTON, D.C. – U.S. Senator Gary Peters (MI), Chairman of the Homeland Security and Governmental Affairs Committee, introduced bipartisan legislation to help ensure federal agencies are buying high-quality products and saving taxpayer dollars. The senator’s bill creates a pilot program requiring federal agencies to consistently track whether they are getting a good return on investment when awarding contracts for these goods and services.  

WASHINGTON, D.C. – U.S. Senator Gary Peters (MI), Chairman of the Homeland Security and Governmental Affairs Committee, introduced bipartisan legislation to increase transparency and oversight of federal telework policies. During the COVID-19 pandemic, agencies maximized federal employee use of telework, and following the end of the public health emergency have shifted to a return-to-office transition.

Chris Holman welcomes Palencia Mobley, P.E,, founder and CEO of Mode Collective, Detroit area. She's the former deputy director and chief engineer of the Detroit Water and Sewerage Department and has been appointed as chair of the Michigan Infrastructure Council (MIC).