DETROIT- The Southeast Michigan Purchasing Managers Index rebounded in July to 53.1 indicating the unexpected June drop to 49.2 was only temporary. The July PMI is consistent with index figures for the last six of eight months, which are in the low to mid 50's indicating an expanding economy. The three month average is 54.5.
DETROIT - Business Leaders for Michigan continues to forecast that Michigan's economy will grow faster than the U.S. economy over the next six to 18 months - prompting 52 percent of BLM members to increase hiring in Michigan over the next six months. "Michigan's business leaders continue believe Michigan will outperform the national economy over
LANSING - Michigan Shifting Gears kicks off a new three-month session on September 24. Registration is open through September 13. The program is designed to help experienced professionals, returning veterans, stay-at-home parents and others facing a career crossroads fine-tune their skills to fit the needs of small businesses and entrepreneurial start-ups. Launched in 2009 by
LANSING - The Michigan Film Office announced Wednesday the feature film Money is Money has been approved for a film incentive from the state. The twist-filled thriller is set in Detroit and the surrounding areas and is scheduled to film later this summer. Money is Money was awarded an incentive of $2,009,298 on $6,453,717 of
LANSING ? The Michigan Strategic Fund has approved $1.85 million in Michigan Business Development Program incentives to three companies planning on spending $86 million to expand their operations and hire 600 new workers. The projects approved today: Detroit Diesel Corporation, a member of the Daimler group, is a leading manufacturer of heavy duty diesel engines
LANSING - Internet retailing giant Amazon has established several physical presences in Michigan, and under Michigan's own definition, should be assessed sales and use tax, the Michigan Retailers Association has urged the Department of Treasury. In several letters, one issued earlier this month and one in July 2012, MRA President James Hallan said Amazon has
LANSING - The Michigan Public Service Commission on Monday approved five settlement agreements reconciling 2012 energy optimization costs and revenues and revising those surcharges for five separate electric and natural gas utilities. Northern States Power Company customers using 500 kilowatt-hours of electricity per month will see an increase of 27 cents on their monthly bill,
DETROIT ? The wave of West Michigan technology companies opening offices in Detroit continued this week when Open Systems Technologies, an $80 million IT infrastructure company based in Grand Rapids, but with field offices in Ann Arbor, Minneapolis and London, England, opened its latest branch in the Grand Park Centre Building in downtown Detroit. OST
DETROIT ? Caroline Dobbins when she graduated last year from Albion College and took an internship with Challenge Detroit didn?t know what to expect working in downtown Detroit. She only ventured there to attend the occasional Detroit Tigers and Red Wings game, but never gave working and living in Motown any serious thought. A year
LANSING - Despite inconsistent sales trends this summer, Michigan Retailers reported the highest level of optimism since 2004 in the future outlook component of the June Michigan Retail Index, which rose to 79.3 on a 100-point scale. There doesn't seem a reason to be optimistic - MRA president and CEO James Hallan said Michigan Retailers