Small Economic Growth Doesn’t Meet Expectations
The American economy grew 1.1% annualized in the first quarter of 2023, below consensus expectations for a 2.0% expansion.
While the headline figure disappointed, the underlying details were more positive. The quarter’s lackluster headline...
Google Adding Ohio Data Centers to Bolster AI Capabilities
Google announced this week it will build new data centers in Ohio designed to help with its artificial intelligence technology.
Google and state officials made the announcement Wednesday.
One data center is already operating near Columbus....
Fed Hikes Interest Rate, Hints at Pause
The Federal Reserve announced yet another interest rate hike Wednesday, although there were indications the hikes may be put on pause moving forward.
With 2023 NFL draft out of the way, Detroit is on the clock for...
With the latest NFL draft from Kansas City out of the way, Detroit is next up for hosting duties.
Metro Detroit Braces for Influx of Visitors During Potentially Record-Setting Summer
Taylor Swift, the WWE and the Michigan Panthers are all headed to Detroit this summer, all of which could make it a profitable season for the Motor City.
Children Trust Michigan Hosting Pam Posthumus Signature Auction
Children Trust Michigan continues its fight against child abuse and neglect with its 21st annual Pam Posthumus Signature Auction.
The Right Place Seeks Projects for Revitalization and Placemaking 2.0 Grant Program
GRAND RAPIDS, Mich. — Regional economic development organization The Right Place, Inc. is seeking public-placemaking projects to include in a regional grant application for the Revitalization and Placemaking (RAP) 2.0 program.
Last year, the Michigan...
Duperon Corporation Celebrates National Skilled Trades Day
SAGINAW, Mich. — Duperon Corporation, a leading provider of screening and solids handling solutions, hosted students from Saginaw Career Complex at its headquarters Tuesday in celebration of National Skilled Trades Day. As utilities around the nation are...
Unemployment Claims Fall, Economic Growth Slows
The state of the U.S. economy might depend on what statistic is being followed.
The number of U.S. workers who filled applications for unemployment assistance last week fell.
But on Thursday, the Commerce Department said the...
General Motors, Samsung Plan $3 Billion Investment in U.S. Battery Cell Plant
DETROIT and SEOUL, South Korea (PRNewswire) — General Motors Co. and Samsung SDI announced they plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States that is targeted to begin operations in 2026.
"GM's supply...
Bosch Plans to Acquire U.S. Chipmaker TSI Semiconductors
STUTTGART, Germany – Bosch is expanding its semiconductor business with silicon carbide chips, and plans to acquire assets of the U.S. chipmaker TSI Semiconductors, based in Roseville, Calif.
With a workforce of 250, the company is...
Economy Hits Air Pocket After Solid Start; Inflation Is Slowing
Growth slowed in the spring after a solid first two months of the year. Much of the country enjoyed unseasonably warm weather in January and February, boosting face-to-face economic activity: Foot traffic at car...
3M Cutting 6,000 Jobs in Restructuring Move
When 3M reported its first-quarter 2023 economic results, it wasn’t what the company had hoped for.
As part of the report, 3M announced plans to cut 6,000 jobs in the manufacturer's latest move to adjust to...
GMC Debuts 3X Trim for Hummer EV Pickup and SUV
DETROIT – GMC began its electric revolution with the introduction of the GMC Hummer EV Pickup, the world’s first all-electric supertruck, which is now joined by the GMC Hummer EV SUV.
These two vehicles –...
Krueger Retiring as Chair at Wolverine Worldwide
Blake Krueger, the chairman and former CEO of Wolverine Worldwide, ending his 30-year tenure with the a publicly traded footwear conglomerate based in Rockford, Mich., just outside Grand Rapids.
Krueger began working at Wolverine Worldwide...
Detroit Opera President, CEO Wayne Brown to Step Down in 2024
DETROIT — Detroit Opera President and CEO Wayne S. Brown has announced his intention to step down from his current position at the end of the 2023–24 season.
During his tenure, Brown guided the company...
Grand Rapids-Based Wolverine Building Group Advances Team Roles
GRAND RAPIDS, MI – Wolverine Building Group, a leading construction firm headquartered in Grand Rapids, Michigan, announced today the promotions of John Lafrinere, Brandon Bienhoff, and Francis Pytlowany.
“We’re thrilled to advance John, Brandon and...
The Townsend Hotel Names Adrienne Cousins New General Manager
BIRMINGHAM, Mich. — The Townsend Hotel announced that Adrienne Cousins has been promoted to general manager.
An established leader in the hospitality industry, Cousins brings more than 16 years of hospitality experience to the luxury...
CEO Comes Home to Take the Helm of the Family Business
Gina Thorsen's career path took a bit of a circuitous route before leading her back to the helm of her Ironwood-based family business.
State Launches EV Toolkit to Support Local Governments in Preparing for an Electrified Mobility...
The state launched its new "EV Toolkit," an online tool to help loal governments prepare for electric vehicle deployment.
