Knowledge • News • Insights
In Partnership With

Regional Business

PNC Senior Economist Abbey Omodunbi: U.S. Housing Starts Increase Well Above Expectations in February

Michigan Business Network
March 17, 2023 1:00 PM

Led by Multi-Family Starts 

  • Housing starts and permits for February came in much better than expected.
  • A big jump in multi-family starts drove the increase in housing starts.
  • The recent bank failures will cause the Fed to rethink its policy path when it meets next week.
Read More

OFME | Michigan Mobility and Electrification Report Mid March 2023

Michigan Business Network
March 17, 2023 7:00 AM

Michigan’s Mobility Leadership Shines at SXSW

The Michigan Economic Development Corporation (MEDC) recently hosted Michigan Day at the Midwest House at SXSW to showcase some of the world's most innovative companies and demonstrate why start-ups are choosing Michigan as their home. Several Michigan leaders took the stage at the event, including the state’s Interim Chief Mobility Officer Kathryn Snorrason, who joined a panel highlighting the ways the industrial Midwest has become a surprising leader in green energy.

Check out the video below:

Read More

PNC Senior Economist Abbey Omodunbi: U.S. Homebuilder Confidence Rose in March

Michigan Business Network
March 16, 2023 5:00 PM

for the Third Straight Month


  • Homebuilder confidence rose in March, but builders still view conditions as poor.
  • Homebuilding conditions have been poor for eight straight months.
  • PNC expects further slowing in the housing market this year, but the market should stabilize in 2024.
Read More

Automation Alley | Export Opportunities, Integr8 & other Industry 4.0 Events

Michigan Business Network
March 16, 2023 3:00 PM

Automation Alley invites small- and medium-sized companies in Michigan to join our trade mission to Thailand (Bangkok) and Vietnam (Ho Chi Minh City).

May 12-20, 2023 

Meet face-to-face with prospective customers and partners in Southeast Asia, the world’s fastest-growing region. Thailand and Vietnam have an extremely high demand for the following Michigan-made products, services, and technologies:  

Read More

Flint & Genesee Group ‘Meeting What’s Next’ for 2023 Annual Meeting

Michigan Business Network
March 16, 2023 2:00 PM

GM Executive Doneen McDowell to serve as keynote speaker

(Flint, Mich., March 15, 2023) The Flint & Genesee Group on March 22 will hold its 2023 Annual Meeting at the historic Capitol Theatre in downtown Flint. Under the theme of “Meeting What’s Next,” the Group will review and celebrate its accomplishments in 2022 and update the progress achieved in the second year of a three-year strategic plan.

Read More

PNC Senior Economic Advisor Stuart Hoffman: Initial UI Claims Decline By 20K to 192K in Week Ending March 11

Michigan Business Network
March 16, 2023 1:00 PM

Fully Reversing the Prior Week's Rise

  • Initial claims for unemployment insurance fell by 20,000 to 192,000 in the week ending March 11.
  • The four-week moving average of initial claims was unchanged at 197,000.
  • Continuing claims fell by 29,000 to 1,684,000 in the week ending March 4.
  • Both initial and continuing claims remain low by historical standards, but face headwinds in maintaining that standing.
Read More

PNC Senior Economic Advisor Stuart Hoffman: February Producer Prices Dipped By 0.1%

Michigan Business Network
March 16, 2023 11:00 AM

and Core Price Gains Moderated to 0.2%

Read More

EPA’s Proposed PFAS Drinking Water Standards Lauded as an Important Public Health Milestone

Michigan Business Network
March 16, 2023 8:00 AM

Proposed strong standards for key PFAS chemicals will protect health and drinking water of communities nationwide

LANSING - The Great Lakes PFAS Action Network issued the following statement applauding today’s announcement by the Environmental Protection Agency (EPA) of proposed national drinking water standards (Maximum Contaminant Limits or “MCLs”) for six PFAS chemicals: PFOA,  PFOS, PFHxS, PFNA, PFBS, and  GenX.

Read More

Automation Alley | Integr8: Join Industry Leaders, May 9

Michigan Business Network
March 16, 2023 7:00 AM

INTEGR8 : The Industry 4.0 ConferenceMay 9, 2023  8 a.m — 5 p.m.

Suburban Collection Showplace

Read More

PNC Chief Economist Gus Faucher: Retail Sales Down in February, But Details Better;

Michigan Business Network
March 15, 2023 1:00 PM

Huge January Increase Revised Even Higher

  • Retail sales were down 0.4% in February, but the details were better. Sales growth was mixed across segments.
  • January’s big increase was revised higher, and retail sales are up from late 2022. The very strong labor market is the primary driver of rising retail sales.
  • Consumer spending is set to fall later this year as the U.S. economy enters recession.
Read More
Content not found