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LAFCU Announces the Promotion of Morgan Pray to Assistant VP of ATM/ITM Operations

Michigan Business Network
September 30, 2022 6:00 PM

Morgan Pray will lead LAFCU ATM, ITM strategy 

New position focuses on member experience, new opportunities for LAFCU’s newly doubled ATM/ITM fleet

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PNC Chief Economist Gus Faucher: Modest Gains in Household Incomes and Spending;

Michigan Business Network
September 30, 2022 1:00 PM

Inflation Accelerated From August

  • There were modest increases in nominal household income and consumer spending in August. 
  • Overall inflation slowed in August but remains much higher than the Federal Reserve would like. 
  • Inflation-adjusted after-tax income and consumer spending both rose in August. 
  • Consumer spending continues to raise, but the drivers are turning less positive. 
  • The Fed will continue to raise interest rates in the near term to slow inflation. 
  • The most likely outcome is modest economic growth in 2023, but recession risks are elevated.
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Michigan Venture Capital Association Celebrates 20th Anniversary and State’s Entrepreneurial and Investment Successes at 2022 Annual Awards Dinner

Michigan Business Network
September 30, 2022 8:00 AM

Eight organizations and individuals receive awards for their contributions to the Michigan community 

Bloomfield Hills, Mich. – September 29, 2022 – Michigan Venture Capital Association (MVCA), the trade association for the venture capital and angel community in Michigan, celebrated its 20th  anniversary during its 2022 Annual Awards Dinner held at Greenfield Village (Dearborn, MI) on September 29.

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The Right Place's 26th Annual Economic Outlook

Michigan Business Network
September 29, 2022 6:00 PM

Save the Date!

December 8, 2022 | 8:00 A.M. - 10:00 A.M.

The JW Marriott - Downtown Grand Rapids


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Treasury: Claim Home Heating Credit by Friday

Michigan Business Network
September 29, 2022 2:00 PM

Applications Must Be Received by Friday, Sept. 30, 2022

LANSING, Mich. – Qualified homeowners or renters have less than a week to apply for Michigan’s Home Heating Credit, according to the Michigan Department of Treasury.

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PNC Chief Economist Gus Faucher: GDP Revisions Indicate Weaker Economy in First Half of 2022

Michigan Business Network
September 29, 2022 1:00 PM

Than Initially Reported

  • The contraction in real GDP in the first half of 2022 was unrevised with the release of the annual revisions. But growth in real domestic income was revised much lower in the first half of the year, although it still increased in both the first and second quarters. 
  • With the revisions to real GDP the contraction in real GDP was slightly smaller than initially reported, and the recovery through 2021 was slightly stronger. 
  • Recession risks are elevated with the Federal Reserve aggressively raising interest rates in 2022.
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Treasury: Learn How to Pay for College at a ‘Virtual Financial Aid Night’

Michigan Business Network
September 29, 2022 12:00 PM

MI Student Aid Team Aims to Reach Students and Families in Need of College Financial Aid

LANSING, Mich. – With the 2023-24 Free Application for Federal Student Aid (FAFSA) becoming available on Oct. 1, students and families looking for help paying for college are encouraged to register for a Virtual College Financial Aid Night provided by Michigan of Treasury’s MI Student Aid team.

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Clark Schaefer Hackett | How to Best Leverage the Inflation Reduction Act’s Clean Vehicle Credit

Michigan Business Network
September 28, 2022 5:00 PM

While the expanded Clean Vehicle Credit seems promising, questions have arisen about just how immediate its impact will be. Learn more from CSH tax expert David Johnson.

Clean Vehicle Credit Comes with CaveatsI

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PNC Senior Economist Abbey Omodunbi: Goods Trade Deficit Narrows More Than Expected in August,

Michigan Business Network
September 28, 2022 1:00 PM

Trade Likely Added to GDP Growth in Q3

  • The goods trade deficit narrowed in August to $87.3 billion, the smallest deficit since October, from $90.2 billion in July, according to the advance estimate from the U.S. Department of Commerce.
  • The value of nominal goods exports fell 0.9% on a month-over-month basis while nominal goods imports fell 1.7%.
  • Trade will likely be a tailwind for GDP growth in the third quarter.
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Cinnaire Investments Capture Prestigious Charles L. Edson Tax Credit Excellence Awards

Michigan Business Network
September 28, 2022 9:00 AM

Two of Cinnaire’s investments have been awarded the prestigious Charles L. Edson Tax Credit Excellence Award (Edson Award). 1300 Residences, a 50-unit senior and veterans housing projects in River Falls, WI, has been selected as the recipient in the Green and Healthy Housing category, and Rauner Family Veterans Apartments by A Safe Haven Foundation, a 75-unit affordable housing community for veterans, has been selected as the winner in the Housing for Veterans of the Armed Forces.

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