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Regional Business

MEDC | Michigan’s Small Business Strength, Affordable Cost of Living Continue to Receive National Recognition

Michigan Business Network
February 26, 2021 6:00 PM


As Michigan’s economic recovery continues to build momentum following the adverse impacts of the COVID-19 pandemic, several communities across the state are receiving national attention for the strength of their small business employment and talent opportunities.

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Peters Reintroduces Legislation to Ensure Public Buildings Utilize Energy Efficient Lighting

Michigan Business Network
February 26, 2021 5:00 PM

Bipartisan Bill Will Help Save Taxpayer Dollars

WASHINGTON, D.C. – U.S. Senator Gary Peters (D-MI), Chairman of the Homeland Security and Governmental Affairs Committee, reintroduced a bipartisan bill that would help save taxpayer dollars by directing the General Services Administration (GSA) to install the most life-cycle cost effective and energy efficient lighting in public buildings. The bill previously passed through Committee during the 116th Congress.

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Governor Whitmer Issues Statement After the State Administers 2 Millionth Dose of COVID-19 Vaccine

Michigan Business Network
February 26, 2021 4:00 PM

LANSING, Mich. -- Governor Whitmer made the following statement after the state hit another vaccination milestone today by administering over 2 million doses of the COVID-19 vaccine.

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PNC Chief Economist Gus Faucher: Stimulus Payments Boosted Income and Consumer Spending in January

Michigan Business Network
February 26, 2021 1:00 PM

Inflation Remains Contained
  • Inflation will temporarily accelerate over the next few months, then recede.There was a huge 10% increase in personal income in January as the government distributed stimulus payments to households.
  • Consumer spending rose a big 2.4% over the month.
  • The PCE price index rose 0.3% in January, as did the core index.
  • Stimulus is supporting an economic recovery in the U.S.  With Congress set to pass a $1.9 trillion stimulus package, the outlook is for very strong growth this year.
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LEAP's Tech Startup Gateway Program Renewed as 3 Local Startups Named on Venture Capital (VC) Hotlist

Pure Lansing
February 26, 2021 10:00 AM

LANSING, Mich. (Feb. 25, 2020) — With approval from the Michigan Strategic Fund (MSF) Board Tuesday, Feb. 23, 2021, the Lansing Economic Area Partnership (LEAP) will receive $100,000 in Gateway Representative support from the Michigan Economic Development Corporation (MEDC) for the seventh consecutive year. This high-tech startup program has been vital in strengthening LEAP's and the region’s capacity to help lead and evolve the regional entrepreneurial ecosystem into a top 25 startup community.

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Statement from Governor Whitmer, MEDC Committee Chair Awenate Cobbina on MEDC CEO Mark Burton

Michigan Business Network
February 26, 2021 8:00 AM

LANSING – Thursday Governor Gretchen Whitmer and MEDC Executive Committee Chair Awenate Cobbina released the following statements congratulating MEDC CEO Mark Burton for accepting a new position with Honigman, to be announced shortly. 

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PHOTOS: Governor Whitmer Visits Vaccine Site in Garden City Alongside Leaders and Elected Officials

Michigan Business Network
February 25, 2021 4:00 PM

LANSING, Mich. -- Today, Governor Gretchen Whitmer traveled to a vaccination clinic in Garden City to see firsthand the collaboration and work being done to achieve the governor’s goal of vaccinating 70% of Michiganders, who are 16 years and older, as quickly as possible.

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MEDC | Supplier Applications open for upcoming events in Outdoor Rec & Healthcare

Michigan Business Network
February 25, 2021 3:00 PM


Michigan Outdoor Industry Supplier Summit

The Michigan Office of Outdoor Recreation Industry, along with the Outdoor Recreation Roundtable and Pure Michigan Business Connect (PMBC), will host the first Michigan Outdoor Industry Supplier Summit on Tuesday, March 23, providing a platform for supply chain matchmaking between Michigan product and service suppliers and the outdoor recreation industry. The free virtual event will highlight industry trends and the scale of opportunity available, as well as provide networking opportunities and one-on-one buyer-supplier meetings.

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AAA: Today’s Vehicle Technology Must Walk So Self-Driving Cars Can Run

Michigan Business Network
February 25, 2021 2:00 PM

Drivers say improving vehicle safety systems takes priority over developing self-driving cars

DEARBORN, Mich., (February 25, 2021) — Automakers may already hold the key to improving public acceptance of self-driving cars: fine-tuning existing vehicle technology. AAA’s annual automated vehicle survey finds that only 22% of people feel manufacturers should focus on developing self-driving vehicles.

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PNC Chief Economist Gus Faucher: Initial UI Claims Fall to Lowest Level Since November

Michigan Business Network
February 25, 2021 1:00 PM

But Weather Likely a Factor
  • Initial claims for unemployment insurance in the week ending February 2020 fell to their lowest level since late November. Bad weather likely was behind the big drop in claims, however.
  • The total number of people receiving some form of unemployment insurance rose in the week ending February 6. Unemployment remains a serious problem for the U.S. economy.
  • Job growth should pick up over 2021 as the economy recovers from the pandemic.
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