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GRAND RAPIDS — West Michigan businesses will continue to rebound from the pandemic but Grand Valley State University researchers said growth will slow later this year due to a likely rise in interest rates. Paul Isely, professor of economics and associate dean in the Seidman College of Business, detailed his benchmark survey of the regional economy
JACKSON—Consumers Energy and General Motors today announced a new pledge to power Michigan automotive plants in Flint, Burton and Wyoming with clean energy, partnering to build the next generation of vehicles in Michigan, where both companies are headquartered. “We’re thrilled to see General Motors pledge to use 100% clean energy that Consumers Energy will provide,
ANN ARBOR - The State Of Michigan will receive $237 million for business loans and funding for Venture Capital companies, part of a $10 billion national program from the Biden Administration. Last week, the Michigan Strategic Fund approved the new program that could start pumping money into Michigan businesses by spring, said Chris Cook, Director
SOUTHFIELD - Spectrum Health and Beaumont Health announced Jan. 31 that they plan to close their merger on Tuesday after federal trade regulators signed off on the deal. The new mega healthcare system will be temporarily known as BHSH System. “We are grateful for all of our physicians, nurses and team members. Their compassion, expertise
SONOMA, Calif.— Selling vehicles is just the first step in Ford's plans to make money off its first electric delivery van that the automaker is rolling out this month. Between plans to sell 150,000 electric Transit commercial vehicles annually from 2023 onward (after building fewer to sell the first year) and creating "charging depots" to help customers manage
MOUNTAIN VIEWS, Ca. - Meta may be the loudest company building AR and VR hardware. Microsoft has HoloLens. Apple is working on something, too. But don’t count out Google. The search giant has recently begun ramping up work on an AR headset, internally codenamed Project Iris, that it hopes to ship in 2024, according to
DETROIT - In the summer of 2019, Alauda Aeronautics and Airspeeder Founder, Matt Pearson outlined a vision to create the most exciting next generation motor sport on the planet. In doing so, accelerating the arrival of the flying car mobility revolution we have been promised for generations. Since then, a dedicated team of engineers, technical
GRAND RAPIDS - Nearly $237 million in federal funding coming to the state is planned to support small businesses in Michigan through lending initiatives and equity investments in venture capital funds. The Michigan Economic Development Corp. aims to deploy the federal funding across five programs, including investing $75 million in one or more venture capital funds
DETROIT - It is no secret that extinctions have been happening at an alarming rate in recent decades with human involvement and climate change blamed for creating habitats unsuitable for many species of wildlife. Even more worrying is the findings of a major study by the International Union for Conservation of Nature (IUCN) Red List of Threatened Species
LANSING – General Motors announced Tuesday it will spend $7 billion on four factories, including some $2.6 billion in the Lansing area to build electric vehicle batteries. Another $4 billion will be invested to convert its existing factory in Orion Township to make electric pickups. GM also plans to spend about $500 million to upgrade
