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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. 

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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.
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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. 

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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.
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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.
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Getting A Grip | Episode 11: Mike Maddox and Joe Heraldo

Getting A Grip
July 24, 2024 5:00 PM

"Getting A Grip" is a brand new show for Michigan Business Network, hosted by long-time MBN contributor Michael Maddox. Presented below is Episode 11!

In this weekly program Mike's interview, covers his guest's entrepreneurial journey, the importance of an abundance mindset, and the personal impact of EOS, in this episode of "Getting a GRIP"

This week's guest Joe Heraldo, Professional EOS Implementer

.

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AEG | Restoring Polluted Michigan Shorelines Generates More than $130 Million in Economic Benefits

Michigan Business Network
July 24, 2024 3:00 PM

EAST LANSING, Mich. – Cleaning up polluted shorelines is revitalizing local economies as well as ecosystems, according to a recent analysis from economic consulting firm Anderson Economic Group, LLC.

AEG estimated that restoring three of the most polluted locations in Michigan – Deer Lake, White Lake, and the Menominee River – has produced $138 million in benefits. The firm found that property values tend to appreciate faster relative to similar locations after remediation actions. Cleaner water, natural shorelines, and enhanced public access can significantly increase the desirability of nearby communities.

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PNC Economist Ershang Liang: Existing Home Sales Fell in All Four Regions in June;

Michigan Business Network
July 24, 2024 1:00 PM

Sales Were Also Down From Past Year

  • Existing home sales fell in June, both month-over-month and year-over year.
  • Both existing single-family and condo and co-op sales dropped on the month and on a year-ago basis.
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Citizens Research Council Honored for 2nd Consecutive Year

Michigan Business Network
July 24, 2024 11:00 AM

2023 Research “Michigan’s Path to a Prosperous Future” Awarded “Most Effective Education” by National Peer Organization

Citizens Research Council Honored for 2nd Consecutive Year

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Lt. Governor Gilchrist II Leads Economic Mission to Europe

Michigan Business Network
July 22, 2024 2:00 PM

to Showcase Michigan as a Global Leader in Defense and Aerospace Innovation

LANSING, Mich. — Today, Lt. Governor Garlin Gilchrist II kicks off a five-day investment mission in Europe, with a focus on capitalizing on Michigan’s leadership in the defense and aerospace sector. As part of this mission, Michigan is announcing that it is officially joining the Aerospace States Association (ASA), a nonpartisan organization made up of lieutenant governors, governor-appointed delegates, state legislators, and territorial and tribal representatives. 

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