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What's New in the Blog

Lansing 5:01 | Block Aid Returns October 6 to Downtown Lansing

Michigan Business Network
September 30, 2022 5:00 PM

Lansing 5:01 Teams up with Downtown Lansing Inc. for The BLOCK:AID, Thursday, October 6 in Downtown Lansing

Lansing, Mich. – For Lansing 5:01, keeping professionals in Lansing is key to the cultural and economic growth of the region. Building on their efforts over the last seven years to retain and attract talent, Lansing 5:01’s The BLOCK:AID returns this fall to showcase the best of Downtown Lansing to Lansing’s future on Thursday, October 6.

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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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Governor Whitmer Announces Another Four Infrastructure Projects Completed as the State Continues to Fix Roads and Bridges at a Record Pace

Michigan Business Network
September 30, 2022 7:00 AM

In 2022, Gov. Whitmer is making the largest infrastructure investment in Michigan’s history   

LANSING, Mich. -- Today, Governor Gretchen Whitmer announced the completion of four infrastructure projects in Alger, Baraga, Montcalm, and St. Clair counties as the administration continues to fix roads and bridges at a record pace across the state.

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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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Key Auto No-Fault Decision Will Hit Pocketbooks of All Michigan Drivers

Michigan Business Network
September 29, 2022 3:00 PM

Insurance Alliance of Michigan responds to action taken by Michigan Catastrophic Claims Association since Andary ruling

LANSING — The Insurance Alliance of Michigan released the following statement in response to the Michigan Catastrophic Claims Association (MCCA) changing its assessment on all Michigan drivers starting July 1, 2023, because of an anticipated deficit.

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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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U of M Innovation Partnerships | Celebrate Invention is Just 2 Weeks Away!

Michigan Business Network
September 29, 2022 11:00 AM

Celebrate University of Michigan Inventors andthe Growing Impact of U-M Innovations

Don’t miss this year’s annual Celebrate Invention highlighting demonstrations from promising U-M startups, networking opportunities at the ecosystem fair, panel discussions featuring prominent inventors and alumni, and the presentation of the Distinguished University Innovator of the Year Award.

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Gov. Whitmer on Passage of Bipartisan Investments in Economic Development, Scholarships, Public Safety

Michigan Business Network
September 29, 2022 7:00 AM

Bipartisan deal will unleash Michigan’s economic potential by attracting transformational, job-creating investments to every region of the state and empowering young people pursuing higher education  

LANSING, Mich. – Governor Gretchen Whitmer highlighted components of the bipartisan  supplemental package to fund economic development, deliver scholarships for higher education students, and secure additional resources to support public safety officials.

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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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Gov. Whitmer Announces Tax-Free Public Service Loan Forgiveness

Michigan Business Network
September 28, 2022 4:00 PM

Michiganders do not have to pay state or federal taxes on federal loan forgiveness; approximately 1.4 million Michiganders have student loans    

LANSING, Mich. – Today, Governor Gretchen Whitmer announced that student loan relief  would not be treated as taxable income in Michigan. Approximately 1.4 million Michiganders eligible for relief will not owe any state taxes for receiving benefits of the Public Service Loan Forgiveness (PSLF) program or other student loan forgiveness.

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