Business Watch

Days into sweeping tariffs, Michigan companies and 401k holders have already lost billions in value, prompting tough choices. But some warn against ‘fear mongering.’

President Donald Trump announced 25% tariffs targeting the auto industry Wednesday, the latest in a series of trade escalations that could have an outsize impact on Michigan’s economy.

The state doled out $600 million in its first mega-subsidy deal. Now, sale of a Lansing battery factory has prompted an award split between GM and LG Energy Solution.

The vice president comes to Michigan for the first time since the election on Friday. He’s visiting a Bay City-area plant that received a $1.2 million subsidy from the state to create 93 jobs that pay less than Michigan’s median.

An uncertain market and green energy rollbacks prompt Nel Hydrogen to hit brakes on building in Plymouth Township.

Take a photo journey of Green Book history as Michigan starts an initiative to identify and preserve the state’s historic Black travel sites from the mid-1900s.

The state is searching for remaining sites from the Negro Motorist Green Book to preserve the history of segregation-era travel.

Facing supply chain chaos and higher costs for consumers, Michigan auto leaders convinced President Donald Trump to give them a temporary exemption to 25% tariffs on imports from Canada and Mexico.

Opponents say a historic designation would make redevelopment ‘impossible’ for the buildings.

Mackinac Island rejected planned price hikes for the two passenger ferries servicing the island. Both are owned by the same Florida company that is now suing the city, claiming officials overstepped their authority.

Big Rapids Township hopes to revive marketing of its dormant industrial park, thanks in part to a chance to buy 2 acres that Gotion dropped from its plans.

Michigan’s marijuana industry is struggling with low prices and can’t absorb a 32% wholesale tax to fund road repairs, industry leaders say.

Michigan automakers and suppliers remain off-balance as trade tariffs remain in play — and may increase.

Acknowledging a public backlash to a $1.6 billion plan to remake the Renaissance Center, a top official stresses that $350 million sought for the plan would benefit the public.

Wolverine Power Cooperative is slated to buy over half the power generated at the plant. It says the reopening could help rural electric cooperatives reach the state’s climate goals a decade ahead of time and keep prices steady.

As Detroit’s most iconic skyscraper complex seeks a $1.6 billion rebirth, 24 hours in the Renaissance Center underscore what many have learned the hard way: It’s impossible to navigate. If you go, bring snacks and patience.

A familiar debate is brewing in Lansing and Detroit, as plans to transform the 5.5 million square-foot site hinge on money from taxpayers. Developers say the RenCen will molder and rot without support.

The state needs to build fueling stations and higher-capacity production facilities to support hydrogen-fueled trucks.

West Michigan’s success is poised to be a national example, economic developer Randy Thelen says.

Michigan’s largest utility company, Consumers Energy, is seeking a $248 million rate increase. If it’s approved, customers’ bills would increase in late 2025.