ROCHESTER - The newly formed Aerospace Industry Association of Michigan hopes to be the voice of the 600 plus aerospace companies and organizations that call Michigan home. Michigan’s heritage in the aerospace industry spans more than 100 years with the University of Michigan’s aerospace engineering program, the oldest in the nation, that began not long
LANSING - Seasonally unadjusted unemployment rates fell in 16 of the state's 17 major labor market areas in October. "October changes in the state's various local labor markets were typically small and seasonal," said Jason Palmer, director of the Bureau of Labor Market Information and Strategic Initiatives. "Michigan's metropolitan area payroll job levels continued to
WASHINGTON - Globalization, technological innovation, and entrepreneurial dynamism in recent decades have fundamentally transformed the U.S. economy, but states are not equally well positioned to reap the benefits of this so-called “New Economy.” In fact, according to The 2017 State New Economy Index, released Wednesday by the Information Technology and Innovation Foundation (ITIF), there is
ANN ARBOR - New investments through the Victors for Michigan fundraising campaign and a strong rate of return on investments pushed the market value of the University of Michigan endowment to $10.9 billion at the end of the 2017 fiscal year. A year ago, the endowment was valued at $9.7 billion. The return on investment
LANSING - Gov. Rick Snyder has proclaimed October as Michigan’s Cybersecurity Awareness Month, to highlight the need for all Michiganders to be vigilant of their online activities to avoid cyber-crimes. “Cybersecurity has grown to become a vital priority for the protection of families and businesses,” Snyder said. “We should all use Cybersecurity Awareness Month as
LANSING - All but one of Michigan’s labor markets saw unemployment fall in August, but 16 of the 17 also saw their workforce decline, the Department of Technology, Management and Budget said in a report Thursday. The majority of the markets also saw higher unemployment rates last month than they did in August 2016, the
ANN ARBOR - Advanced plastics could usher in lighter, cheaper, more energy-efficient product components, including those used in vehicles, LEDs and computers - if only they were better at dissipating heat. A new technique that can change plastic's molecular structure to help it cast off heat is a promising step in that direction. Developed by
LANSING - The Michigan Economic Development Corporation’s International Trade Program has received the President’s “E” Award for Export Service, Lt. Gov. Brian Calley announced Tuesday. The President’s “E” Award, presented Monday in Washington, D.C., is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. “In today’s
LANSING - Michigan's largely industrial economy could be the one most dramatically harmed by a so-called border adjustment tax that has been discussed in Washington, D.C., a report by the organization Americans for Prosperity has said. A border adjustment tax has been discussed as part of a major tax restructuring by President Donald Trump
LANSING - There is no reason to grant a stay a U.S. District Court judge's ruling striking down the state's elimination of the option for voters to pick a party's slate of candidates with a single mark on the ballot, the plaintiffs suing to prevent the elimination of straight ticket voting said in a Monday
