ANN ARBOR - The U.S. economy should continue to grow over the next two years, but the pace of growth will slow as fiscal stimulus in the form of the effects of the 2017 tax changes and increased federal spending fade, economists at the Research Seminar in Quantitative Economics as the University of Michigan forecast
NOVI – ITC is lighting up 10 of its 150-foot tall transmission towers in lower Michigan with colorful holiday decorations again this year, including four in Metro Detroit. Each tower is decorated with about one-third mile of rope lights - some 17,700 bulbs - topped by brightly lit stars. The displays also include 10-by-15 foot
GRAND RAPIDS - The economic pace for West Michigan was strong in September, but October was even stronger, said Brian G. Long, director of Supply Management Research in Grand Valley State University's Seidman College of Business. The current economy is about as good as it gets, Long said. "Hiring and retaining new workers continues to
LANSING - Nominations for the Michigan Celebrates Small Business have been extended until Nov. 12. All Michigan businesses deserve to be celebrated, so the Michigan Small Business Development Center is leaving the nominations open for one more week. Don’t miss your chance to join some of the best second-stage businesses in Michigan in Lansing for
SOUTHFIELD - In yet another indicator that the automotive business is peaking, Harbour Results just published a report that said the automotive vendor tooling industry will spend $8 billion in 2019, down from an estimated $9.2 billion in 2018, and $10.3 billion in 2017. The key factor driving decreased tooling spend is the decreased number
ANN ARBOR - A California semiconductor and nonoelectronics company, KLA-Tencor Corp., plans to build a research-and-development center in Ann Arbor that could generate more than $70 million in capital investment and some 500 high-tech jobs over the next five years. That project, along with a $3.6 million expansion by Coyote Logistics that will create 300
DETROIT – Davenport University, the state’s second-largest non-profit university, plans to open a new campus in downtown Detroit in January. On tap will be 21 course offerings in areas such as business, healthcare, technology and urban education. It marks Grand Rapids-based Davenport’s second foray into metro Detroit. Last year Davenport closed its 40,000 square foot
DETROIT - The latest economic outlook from Business Leaders for Michigan shows far less optimism for the future among the state’s business executives. In the quarterly poll, only 31 percent of respondents said they held a positive view for the U.S. economy over the next six months, and just 22 percent believe Michigan’s economy will improve during
GRAND RAPIDS - Optimism about the economy remained high going into the third quarter among Michigan businesses surveyed by PNC Bank. In a semi-annual sentiment survey, 45 percent of the responding small and mid-market business owners and executives in Michigan said they feel optimistic about their local economy. That compares to 34 percent who said
DETROIT –Henry Ford Health System and Wayne State University announced Friday the organizations have signed a letter of intent to expand their long-term partnership and bring the two Detroit anchor institutions even closer together. This new partnership will create a collaborative model focused on achieving the highest levels of excellence in patient care, a transformational
