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Regional Business

ICYMI - Media Business | Trisha Schlegel - How the Media Deals with Economic Analysis

Media Business
January 27, 2023 3:00 PM

Tony Conley is a newer content contributor and show-host for Michigan Business Network. To kick off his thirty-eighth episode, Tony has a three-segment conversation about 'Michigan’s Progress and Recovery: An Analysis of the Labor Market Since 2020'. 

He welcomes Trisha Schlegel, an economic analyst for the Michigan Center for Data and Analytics within the Michigan Department of Technology, Management & Budget.

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Treasury: Business Taxpayers Reminded About Wage Statement and Income Record Form Due Dates

Michigan Business Network
January 27, 2023 2:00 PM

Lansing, Mich. -- Business taxpayers are reminded that they must submit their wage statements and other income record forms -- such as W-2s1099-NEC and 1099-R -- to the Michigan Department of Treasury on or before Feb. 1, 2023.

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PNC Chief Economist Gus Faucher: Solid Growth to Close Out 2022

Michigan Business Network
January 27, 2023 1:00 PM

But Recession Looms This Year

  • Real GDP rose 2.9% in the fourth quarter, slightly better than the consensus expectation.
  • Consumer spending and inventories were the major contributors to growth in the fourth quarter. Housing once again was a big drag on growth.
  • Inflation slowed in the fourth quarter, but services inflation accelerated, and the Fed will raise the fed funds rate next week.
  • PNC expects a mild recession in 2023.
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MEDC | Michigan Business Report - Late January 2023

Michigan Business Network
January 27, 2023 12:00 PM

Gov. Whitmer Announces Make it in Michigan Plan During 2023 State of the State Address

Wednesday night, Gov. Gretchen Whitmer delivered her 2023 State of the State address in front of a joint session of the Michigan Legislature. To make Michigan more competitive, the governor proposed the Make it in Michigan package, a sustainable funding source for Michigan’s bipartisan economic development fund to invest more in bringing new jobs for Michiganders. 

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Gov. Whitmer Announces 155 New Jobs Coming to Detroit, Genesee County

Michigan Business Network
January 27, 2023 9:00 AM

LANSING, Mich. – Thursday, Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) to announce state support for two business expansion projects expected to create a total of 155 new jobs and generate a total private investment of $12 million in the cities of Detroit and Fenton.  

“Today’s investments by wheel.me and Miller Industries will create 155 good-paying jobs as we continue growing our economy and investing in every region of the state,” said Governor Whitmer. “We’ve added 100,000 jobs year over year and the Make it in Michigan plan I unveiled during my State of the State address last night will help us keep bringing jobs and supply chains home to create unparalleled economic opportunity for Michiganders in every county.

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More Details on GM’s Nearly $800 Million Investment in Michigan

Michigan Business Network
January 27, 2023 6:00 AM

GM’s executive vice president, Global Manufacturing and Sustainability, Gerald Johnson says the $918-million manufacturing investment will help with V8 and EV component production. (Image: GM)

What Does $918 Million Mean?

When you read about investments in manufacturing facilities like the one GM made last week, it is probably something for which you have no context and so you shrug.

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Governor Whitmer’s 2023 State of the State Address as Prepared for Delivery

Michigan Business Network
January 26, 2023 3:00 PM

LANSING, Mich – Wednesday evening, Governor Gretchen Whitmer deliver her 2023 State of the State Address in front of a joint session of the Michigan Legislature. Below we share her remarks as prepared for delivery.

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PNC Senior Economic Advisor Stuart Hoffman: Initial Claims Fell Again in Mid-January 2023

Michigan Business Network
January 26, 2023 1:00 PM

to Their Lowest Level Since Early-April 2022

  • Initial claims for unemployment insurance fell by 6,000 in the week ending January 21, 2023 to 186,000. The four-week moving average fell by 9,000 to 198,000.
  • Continuing claims rose by 20,000 to 1.675 million in the week ending January 14, 2023.
  • PNC’s baseline forecast is for a mild recession starting in the spring of 2023.
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MBN Speakers Series | Michigan's U.S. Senators Visit February 10th

Michigan Business Network
January 26, 2023 12:00 PM

Lansing, MI, January 18, 2023 – Michigan Business Network continues its tradition of hosting speaker series events: proud to offer its next program Friday, February 10, 2023. This Business Luncheon is set for the Crowne Plaza Lansing West.
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Peters Applauds First Comprehensive CISA Report on K-12 Cybersecurity

Michigan Business Network
January 26, 2023 11:00 AM

Report Was Required by Peters’ Law to Help Protect K-12 School Systems

WASHINGTON, D.C. – Tuesday, U.S. Senator Gary Peters (D-MI), Chairman of the Homeland Security and Governmental Affairs Committee, released the following statement applauding the first comprehensive report by the Cybersecurity and Infrastructure Security Agency (CISA) on how K-12 schools can improve their cybersecurity defenses. The report was required by a bipartisan law written by Peters to enhance cybersecurity assistance to K-12 educational institutions across the country:

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