ANN ARBOR—The University of Michigan research enterprise contributed $97 million to Michigan's economy over the past fiscal year, supporting employment across large and small businesses statewide, according to a new report from the Institute for Research on Innovation and Science. The report details how university research spending impacts the economy and provides a geographic snapshot
EAST LANSING – Community solar expansion in Michigan would contribute nearly $1.5 billion to the state’s economy over the next three decades, according to a study released today by Michigan State University. The study, conducted this fall by MSU Product Center/Center for Economic Analysis, examined the impact an expansion of 900 megawatt of community solar
LANSING - Pointing to her strategy to confront the COVID crisis, Gov. Gretchen Whitmer told the Detroit Regional Chamber of Commerce Wednesday that “our economy is operating at 87% of what it was since last March. We are in a much stronger position than other states like Florida and Texas.” It’s the first time she has
LANSING – At long last, Michigan’s divided government has the framework for a budget deal. But it’s mostly flat and doesn’t include major funding to big problems voters elected lawmakers to solve. An agreement to end a months-long standoff on Tuesday includes no new money for roads and bridges that are some of the nation’s
ANN ARBOR—The Michigan economy turned decidedly chilly this year as the United Auto Workers strike against General Motors, the trade war, and job cuts at Ford and GM all contributed to the slowest annual growth since the Great Recession. But sustained growth should return for 2020 and 2021, albeit at a modest pace compared with
DETROIT - Nearly half of Michigan leaders expect state economic growth to decrease or worsen over the next year, according to a quarterly survey of business leaders, a sharp increase over the previous survey. Of those surveyed during the third quarter of the year ending September 30, about 48.8 percent said the state economy would
LANSING - The Michigan and U.S. economies should continue growing over the next two years, but that growth will be slower as the economy tries to deal with near full-employment situation and demographic changes as more Baby Boomers retire and more millennials go into the jobs market, economists said Wednesday at the May Revenue Estimating
