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What's New in the Blog

PNC Chief Economist Gus Faucher: Big Jump in Consumer Spending in March, With Smaller Increase in Income;

Michigan Business Network
April 26, 2024 1:00 PM

Core Inflation Is Gradually Slowing

  • Nominal after-tax income rose 0.5% in March with the good labor market. Real after-tax income was up 0.2%.
  • Nominal consumer spending rose 0.8%, with real consumer spending up 0.5%.
  • Both the overall and core PCE price indices rose 0.3% in March.
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PNC Chief Economist Gus Faucher: GDP Growth Slows in Q1 to More Sustainable Pace;

Michigan Business Network
April 25, 2024 5:00 PM

Domestic Demand Remains Strong; Inflation Is Up

  • Economic growth slowed to a more sustainable pace in the first quarter. 
  • Consumer demand eased but remained strong, and housing and business investment were positives.
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MGA Announces May Event Lineup For Manufacturers in Michigan

Build Smart. Lead Strong.
April 25, 2024 2:00 PM

MANUFACTURING GROWTH ALLIANCES ANNOUNCES MAY EVENT LINEUP FOR MANUFACTURERS IN MICHIGAN

LANSING, Mich. - Manufacturing Growth Alliance (MGA) is excited to bring two webinars to manufacturers across the state of Michigan in the month of May.

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ICYMI: Michigan Business Beat | Dillon Li, AP Lazer, A Mason, MI, Hidden Gem's History, Services & Products

Michigan Business Beat
April 25, 2024 10:00 AM

Chris Holman welcomes back Dillon Li, General Manager, AP Lazer, Mason, MI for an updated discussion about this business.

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ICYMI: Michigan Business Beat | Dillon Li, AP Lazer, A Mason, MI, Hidden Gem's History, Services & Products

Michigan Business Beat
April 24, 2024 3:30 PM

Chris Holman welcomes back Dillon Li, General Manager, AP Lazer, Mason, MI for an updated discussion about this business.

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Bipartisan Bills Creating Michigan Innovation Fund Introduced in Michigan House

Michigan Business Network
April 22, 2024 6:30 AM

Bipartisan Bills Creating Michigan Innovation Fund Introduced in Lansing

Funding would provide crucial support for entrepreneurs and startups by helping to create self-sustaining nonprofit early-stage evergreen funds and leverage existing fund infrastructure

Lansing, Michigan - A bipartisan group of lawmakers in Lansing has introduced new bills to create the Michigan Innovation Fund, providing critical funding support to Michigan’s existing early-stage evergreen venture funds and entrepreneur ecosystem. Michigan House Bills 5651, 5652 and 5653, sponsored by Representative Alabas Farhat (D-Dearborn), Jason Hoskins (D-Southfield) and Greg VanWoerkom (R- Norton Shores), would provide $105m to a coalition of five impactful, established Michigan based nonprofit early-stage evergreen fundsas well as provide additional increased funding to key partners in the ecosystem that support startup companies, founders and funds.

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MBN on the Road: Lansing, Michigan's Jungle Jane Celebrates 30th Anniversary Celebration 4/18/24 With Ribbon Cutting!

Michigan Business Network
April 18, 2024 4:00 PM

Thursday, April 18th, 2024, Jeffrey Mosher was on the road for MBN joining vendors, guests, community leaders, and the Lansing Regional Chamber of Commerce for a 30th Anniversary Celebration for Jane Mitchell and Jungle Jane Promotions - Celebrating Their Roots - Crafting Their Future.
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PNC Chief Economist Gus Faucher: Beige Book Shows Slight Growth, Modest Inflation,

Michigan Business Network
April 18, 2024 1:00 PM

"Cautiously Optimistic" Outlook

  • There was a slight increase in economic activity in the late winter and early spring, according to the latest Beige Book from the Federal Reserve. The outlook is “cautiously optimistic.”
  • Employment increased slightly with slowing wage growth, and the labor market is moving into better balance.
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ICYMI: Michigan Business Beat | Jane Mitchell, Jungle Jane Promotions Her Story and 30 Years of Helping Businesses

Michigan Business Network
April 18, 2024 12:00 PM

Reminder! Today until 1:30 pm Jane is holding her 30th Anniversary Celebration at Ele's Place 1145 W Oakland Ave. Lansing, MI 48915.

Included below is our recent interview where Chris Holman welcomes Jane Mitchell, MAS, CEO/Owner Jungle Jane Promotions, Lansing, MI.
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PNC Senior Economist Kurt Rankin: PPI Inflation Cooled to +0.2% in March 2024

Michigan Business Network
April 11, 2024 1:00 PM

(Seasonally Adjusted); Core PPI Also Up 0.2%

  • Topline PPI gained 0.2% on a seasonally adjusted basis in March 2024.
  • Core PPI, less Food & Energy, eased to a +0.2% gain for March 2024.
  • Services PPI remained the primary driver of supply-side price pressure in the U.S. economy, up by 0.3% for March 2024.
  • Producers’ Energy prices fell by 1.6% in March 2024 versus the month prior
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