In partnership with Crain’s Detroit Business, Business Bridge covers the intersection of business, politics and policy across Michigan.
A favorable outcome for AK Steel could set a tax precedent for other companies that wind up in a similar scenario through a merger or acquisition.
Backers of the legislation point to estimates showing the state could earn up to $60 million in revenue from the law. Fiscal analysts are less bullish.
Michigan is among more than a dozen states considering bills to halt the biannual time switch. Business leaders in Indiana say it was a disaster for that state.
As the Legislature again takes up incentives to bring businesses to Michigan, there is precious little data publicly available on how Michigan’s performance stacks up
To get Michigan counted among the nation’s 10 healthiest state economies, Doug Rothwell said, Lansing must focus on long-term growth, including infrastructure and economic development.
Some state leaders are floating a revision to the 1994 Michigan constitutional amendment capping property taxes. The outcome could impact Michigan’s national competitiveness, and the long-term health of its struggling cities.
The $20 million competition Gov. Rick Snyder proposed in his 2018 budget recommendation is modeled after a similar program in 2015 for community colleges that his administration said led to 91 new or expanded career-tech programs at 18 schools.
Billionaire developer Dan Gilbert of Detroit will stay in the background this week as supporters of bills to create a tax incentive for “transformational” brownfield projects will put the spotlight on the rest of the state. They plan to focus less on Detroit projects, in part to sell outstate legislators and their constituents on the opportunity the incentive would create in their own backyards.
The intent is not to force employers to participate in a program they can’t sustain, but to reward employers who aim to offer long-term work to parolees.
Employers who have taken the criminal-history checkbox off job applications say they still check backgrounds, but leave the discussion about an applicant’s record until later in the process. Will others follow?
Review includes additional 30,000 computer-generated claims.
In a Q-and-A with Bridge, Michigan governor said he is growing more comfortable with business incentive legislation that likely will be reintroduced this session.
Stymied in lame-duck session, developers and economic development leaders across Michigan say they will lobby Lansing next year for nearly $300 million in new business tax incentives.
In a state where new taxes are often a non-starter, the idea of raising more money for roads, bridges and drinking water lines has been a hard sell. Yet Michigan may have no choice.
Efforts in Lansing to lower unfunded liabilities by converting pensions into 401(k)-like accounts for teachers and capping public employees’ retirement healthcare benefits will likely be renewed in January.
A governor-appointed commission says state must spend $4 billion more annually to update roads, bridges, energy and water systems. Michigan spends a smaller portion on infrastructure than the U.S. average.
Supporters of the bills, including GOP legislators and some municipalities, say generous benefits were promised decades ago in different economic times and are now unsustainable. Teachers and city workers say they’ve sacrificed enough.
Some large industrial companies and school districts saying the current legislation would force less expensive alternative electric suppliers out of business.
President-elect Donald Trump has promised sweeping changes in trade policy, environmental regulations and Obamacare on the campaign trail. Here’s how these issues critical to Michigan are likely to play out, according to business and political leaders.
Business, nonprofit and city officials working toward a common goal are bringing the rapids back to Grand Rapids, and cleaning up a beloved lake near Holland