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Economic Development

LEO | State Celebrates Robotics Week, Promotes Opportunities to Boost Skills Needed for Future Careers

Michigan Business Network
April 8, 2021 3:00 PM

LANSING, Mich.—As we wrap up Robotics Week in Michigan, state officials encourage students, educators and parents to join them in highlighting the importance of robotics education, which encourages problem-solving, creative thinking and a healthy sense of competition that drives innovation from students and prepares them for high-demand, high-wage careers.

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PNC Chief Economist Gus Faucher: Initial UI Claims Still Stuck Above 700,000

Michigan Business Network
April 8, 2021 1:00 PM

Despite Improving Labor Market
  • Initial claims for unemployment insurance rose somewhat in the week ending April 3; there was also a small increase in the four-week moving average. Layoffs remain extremely high.
  • The total number of people receiving some form of unemployment benefit remained extremely elevated, at above 18 million, in the week ending March 20
  • The labor market recovery is picking up in the spring thanks to stimulus and vaccines.
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LEO | UIA Stops New Wave of Imposter Claims for Pandemic Unemployment Assistance

Michigan Business Network
April 8, 2021 12:00 PM

Residents warned of new wave of criminal attempts to file imposter claims in pursuit of benefits

LANSING, MICH. — Michigan’s Unemployment Insurance Agency (UIA), like other states across the country, remains under attack by criminals. Since Friday, April 2, Michigan has seen a dramatic increase in new Pandemic Unemployment Assistance (PUA) claims likely filed by criminals that have been halted for identity verification. No payments have been sent to the approximately 100,000 flagged claims.

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MEDC | Business Expansions Bring New Investments, Signal Continued Economic Recovery in Michigan

Michigan Business Network
April 8, 2021 9:00 AM

• Projects building on Governor Whitmer’s Back to Work Michigan plan expected to generate total private investment of $11.3 million, create 192 jobs in Michigan
• Leading Michigan-based HVAC provider Goyette Manufacturing expanding headquarters in Flint, creating 90 jobs
• Nutritional supplement manufacturer Uckele expanding in Adrian, adding 102 jobs
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PRESS RELEASE: The Construction Association of Michigan Presents Its 135th Annual Meeting Virtually for 2021

Michigan Business Network
April 8, 2021 8:00 AM

April, 2021 - Bloomfield Hills, MI – The Construction Association of Michigan Presents Its 135th Annual Meeting Virtually for 2021

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SBA to Open Shuttered Venue Operators Grants for Applications on April 8 at 12 p.m. EDT

Michigan Business Network
April 8, 2021 7:00 AM

Help is here with $16.2 billion for venues, theatres, and more 

WASHINGTON – The U.S. Small Business Administration will officially open the Shuttered Venue Operators Grant (SVOG) application portal tomorrow, April 8, 2021 at 12 p.m. EDT for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some of the first that had to shutter their doors a year ago in response to the COVID-19 pandemic.

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PNC Chief Economist Gus Faucher: FOMC Minutes Point to Continued Expansionary Monetary Policy

Michigan Business Network
April 7, 2021 4:00 PM

Even With Stronger Outlook
  • The minutes from the March 16-17 FOMC meeting noted an improvement in the economic outlook.
  • Although the outlook was improved, participants noted that economic activity was still well below potential and that inflation remained below the 2% objective.
  • The FOMC reaffirmed its commitment to highly expansionary monetary policy until there was significant, broad-based improvement in the labor market and inflation was at the 2% objective.
  • Participants emphasized the need for actual progress in the economy, and not just forecasts for progress.
  • PNC expects the FOMC to reduce its asset purchases starting early next year. PNC does not expect the FOMC to increase the fed funds rate until late 2023.
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PNC Senior Economist Bill Adams: Record High Trade Deficit in February

Michigan Business Network
April 7, 2021 2:00 PM

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MEDC | Crowdfunding Campaign Launched for “ArtPath | Public Art on the Lansing River Trail 2021” Project

Michigan Business Network
April 7, 2021 12:00 PM

$7,500 goal to win matching grant through MEDC’s Public Spaces Community Places initiative

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Cinnaire Recognized as Best Nonprofit to Work For

Michigan Business Network
April 7, 2021 10:00 AM

Cinnaire recently announced the company has been recognized as one of the 2021 Best Nonprofits to Work For by the Nonprofit Times, the leading business publication for Nonprofit Management. This is the seventh time Cinnaire has received this honor.

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