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MBN Blog

PNC Chief Economist Gus Faucher: Upward Revision to Q1 GDP,

Michigan Business Network
June 4, 2023 12:30 PM

Profits Down
  • Real GDP growth in the first quarter was revised slightly higher, to 1.3% from 1.1%.
  • Demand was strong in the first quarter, but inventories were a drag.
  • Corporate profits fell for a third straight quarter.
  • PNC expects a mild recession starting later this year.
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Gov. Whitmer Announces 350 New Jobs After Winning Business and Housing Investments Across the State

Michigan Business Network
June 4, 2023 12:15 PM

LANSING, Mich. –May 25th, Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) to announce three business expansion projects and one community development project expected to create a total of 350 new jobs and generate a total private investment of more than $25 million have received support from the Michigan Strategic Fund. The projects are in Mendon (St. Joseph County), Alma, Plainfield Charter Township, Portage, and Owosso. 

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#MPC23 | Gov. Whitmer Outlines Strategy to Tackle Michigan’s Population Growth,

Michigan Business Network
June 2, 2023 10:00 AM

Announces First-Ever Chief Growth Officer

Key Takeaways

  • ‘Growing Michigan Together’ is about investing in our people, places, talent, and education.
  • Hilary Doe will lead charges as the new Chief Growth Officer; Shirley Stancato and former U.S. Ambassador John Rakolta Jr. will serve as Growing Michigan Together Council Co-chairs.
  • The Governor is focused on continuing efforts to make Michigan attractive to future talent that transcends partisan divides.
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Get Your Opinion Heard - Take the Q2 2023 Michigan Future Business Index Survey

Michigan Business Network
June 2, 2023 9:00 AM

Michigan small businesses, let your voices be heard!

At the  Michigan Business Network , we understand how busy you are, so I won't take up much of your time. However, I'd appreciate it if you can find just a few minutes today to provide your opinions in the Q2 2023 Michigan Future Business Index. We also want to thank  Cinnaire  for their continued support of the  MFBI  Survey!
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ICYMI: Treasury: Michigan 529 Awareness Week Encourages Families to Save with MET for Their Children’s College Education

Michigan Business Network
June 2, 2023 8:00 AM

Prepaid College-Savings Plan Waiving Enrollment Fees on New Contracts Opened May 22 - June 2

LANSING — In celebration of National 529 Day and Gov. Gretchen Whitmer’s proclamation of May 22 through May 29 as 529 Awareness Week, the Michigan Education Trust (MET) is encouraging families to give the gift of college credits to Michigan children — and it is throwing in an incentive to sweeten the deal.

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PNC Senior Economist Abbey Omodunbi: Construction Spending Up in April;

Michigan Business Network
June 2, 2023 7:00 AM

Residential Investment Will Weigh on GDP Growth Through 2023.
  • Construction spending rose 1.2% in April to $1.908 trillion.
  • Residential investment will continue to be a drag on GDP through 2023.
  • Infrastructure spending will provide support to public construction spending over the next decade.
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TechTown Detroit | And the RBC Showcase Winners Are... 👀

Michigan Business Network
June 1, 2023 5:00 PM

Six businesses win big at RBC Showcase

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DTMB | Michigan Regional Jobless Rates Fall in April

Michigan Business Network
June 1, 2023 4:00 PM

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

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#MPC23 | The Power of & Brings Profitability,

Michigan Business Network
June 1, 2023 3:00 PM

Growth, and Sustainability

Key Takeaways

  • The public and private sectors can — and must — work together using the “Power of &” to speed progress in sustainability and profits. They’re not mutually exclusive. 
  • Diversity of representation helps drive company culture and should be reflective of a company’s client base. 
  • Sustainability makes economic sense.
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#MPC23 | CEOs on Embracing the Power of &

Michigan Business Network
June 1, 2023 2:00 PM

in Business and Civil Discourse

Key Takeaways

  • Future-thinking, simplification, innovation, and compromise are opportunities within business. 
  • Engaging others with differing political views with your core values encourages civility.
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