Best of Bridge Michigan: The top business stories of 2020
This week, Bridge Michigan is revisiting some of its most impactful stories from 2020, a year like few others. Today, we examine our top articles about business.
The pandemic wrought untold damage on Michigan, as lockdowns and state-ordered business closures to stop its spread prompted more than 2.1 million unemployment claims by June. In May, 1 in 4 workers in Michigan were unemployed.
- Best of Bridge Michigan: Top political stories of 2020
- Best of Bridge Michigan: Our top coronavirus stories of 2020
Unemployment has since fallen, but the fallout continues, as entire industries are teetering and families struggle to make ends meet.
Bridge Michigan has spent this holiday week revisiting past stories from a momentous year.
When will this end? University of Michigan economists are forecasting economic effects over more than two year, even with the vaccine – and, they presume, enough federal financial support to struggling industries and workers. — Paula Gardner
Grand Rapids native Alita Kelly is opening a permanent farmers market-style store in a neighborhood where fresh food options are limited and at a time when research shows Black-owned businesses are closing faster than others. — Paula Gardner
Permanent layoffs climbed in the second half of 2020, leaving some small Michigan towns concerned about their employment base. This story about Evart is just one example of how, even if the workers find new jobs, the community feels the pressure when factories close. — Paula Gardner
Michigan’s college towns like Ann Arbor and East Lansing used to be called “recession-proof,” but coronavirus changed that. The cities are still determining just how financially vulnerable they’re becoming as their top employer and driver of the economy pivots due to the virus. — Paula Gardner
Pfizer’s coronavirus vaccine production in Michigan put a spotlight on the state’s life sciences industry, which is worth billions of dollars yet remained ‘under the radar.’ This Q&A with Stephen Rapundalo highlights the challenges and benefits in this large sector of Michigan’s economy. — Paula Gardner
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