((o
Knowledge • News • Insights
 o))
In Partnership With

Michigan Business Network

Michigan Business Network is an online broadcasting company that provides knowledge, news, and insights into Michigan’s businesses, industries, and economy.

Connect on:

Recent Posts

Attorney General Nessel Signs Legislation on Behalf of Governor Whitmer

Michigan Business Network
July 26, 2024 6:00 PM

 to Strengthen Protections for Homeowners   

LANSING, Mich. – Today, Michigan Attorney General Dana Nessel, while serving as acting governor, signed Senate Bill 602 into law. The legislation, sponsored by state Senator Kevin Hertel, amends the Occupational Code to specify conditions under which a right-to-list home sale agreement between a residential property owner and a real estate broker would be void and unenforceable. 

Read More

PNC Chief Economist Gus Faucher: Modest Growth in Personal Income and Consumer Spending in June,

Michigan Business Network
July 26, 2024 5:00 PM

As Inflation Continues to Ease

  • Nominal personal income rose 0.2% in June, with after-tax income also up 0.2%. 
  • Nominal consumer spending rose 0.3% over the month. 
  • The PCE price index rose 0.1%, with core PCE inflation at 0.2%. Inflation is easing in mid-2024.
Read More

MEDC | MSF Approves Dow Project to Modernize Manufacturing and R&D Operations, Reinforcing Michigan As its Home for Decades to Come

Michigan Business Network
July 26, 2024 4:00 PM

Dow investment to support at least 5,000 jobs in the Great Lakes Bay region, solidifying its presence in the state

LANSING, Mich. – Governor Gretchen Whitmer joined the Michigan Economic Development Corporation today in announcing Michigan Strategic Fund (MSF) approval of a project that will support Dow’s ongoing manufacturing and R&D operations in the state.

Read More

Lt. Governor Gilchrist II Concludes Europe Investment Mission to Grow Michigan’s Defense and Aerospace Prowess

Michigan Business Network
July 26, 2024 3:00 PM

LANSING, Mich. — Lt. Governor Gilchrist II concluded his investment mission to Europe this week, meeting with public and private sector leaders in England and the Netherlands. During the mission, the lieutenant governor focused on expanding on Michigan’s rich leadership in the aerospace and defense industry to bring critical jobs and supply chains home to Michigan. 

Read More

PNC Chief Economist Gus Faucher: Durable Goods Orders Fell Sharply in June,

Michigan Business Network
July 26, 2024 1:00 PM

Pulled Lower by Transportation

  • New orders for durable fell almost 7% in June, the biggest one-month drop since the pandemic.
  • A cancellation in aircraft orders was behind the drop, and there was a 1% increase in core capital goods orders.
Read More

Consumers Energy Foundation Gives $250,000 to Grand Rapids Nonprofit

Michigan Business Network
July 26, 2024 12:00 PM

for 2024 People Awards

Grand Rapids, MI, July 26, 2024 -- The Consumers Energy Foundation unveiled the Community Food Club of Grand Rapids as one of their 2024 People Award winners today, distributing $250,000 to the area nonprofit to alleviate food insecurity in the community.

Read More

Gov. Whitmer Signs Bills to Keep Communities Safe, Protect Michigan Families and Neighborhoods

Michigan Business Network
July 26, 2024 10:00 AM

Commonsense legislation bolsters public safety, ensures Michiganders are better protected from car theft, discriminatory acts of violence, and fire-related risks   

LANSING, Mich. – Governor Whitmer signed four bills this week to protect drivers from automobile theft, close loopholes that led to violence against LGBTQ+ Michiganders, and update standards for smoke alarms, making Michigan communities safer, stronger, and more inclusive places to live and work. 

Read More

ICYMI: Cinnaire Joins Michigan Business Network to Present Results for Q2 2024 Michigan Future Business Index Survey

Michigan Business Network
July 26, 2024 7:00 AM

In a recent statewide survey of 691 small to medium size businesses, respondents to the latest Michigan Future Business Index (MFBI) survey indicated that while inflation is the biggest challenge for small businesses, finding customers and acquiring talent are close behind. While reports of increased profits and new hires over the past six months have ticked up slightly since Q4 2023, reports of sales and wage increases are unchanged since then.

Read More

PNC Chief Economist Gus Faucher: Strong Real GDP Growth of 2.8% in Second Quarter

Michigan Business Network
July 25, 2024 1:00 PM

Even as Inflation Slows

  • Real GDP increased 2.8% in the second quarter, better than in the first quarter and a solid number. 
  • Inflation slowed in the second quarter, although it remains above the Federal Reserve’s 2% target. The FOMC is set to cut the fed funds rate in September.
Read More

DTMB | Regional Michigan Unemployment Rates Advance in June

Michigan Business Network
July 25, 2024 11:00 AM

LANSING, Mich. – Not seasonally adjusted jobless rates rose in all 17 Michigan labor market areas over the month, according to data released today by the Michigan Department of Technology, Management & Budget.

“Michigan regions experienced typical jobless rate gains during June,” said Wayne Rourke, labor market information director for the Michigan Center for Data and Analytics.

Read More

NEWER POSTS  |  ALL POSTS  |   |