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Economic Survey: State Economy Depends on Health, Vaccines to Recover

Experts told the Detroit Economic Club Tuesday that Michigan's economic recovery and the coronavirus are going to be "inextricably linked" for quite awhile.

PPP Portal Opens to Lenders; SBA Forgives $100 Billion in Loans

While the U.S. Small Business Administration opens loan portals for the latest round of PPP loans, it also says it has forgiven some $100 billion in previous PPP loans.

First-Time Unemployment Claims Surge as Pandemic Brings New Restrictions

First-time claims for unemployment assistance took a huge jump as coronavirus restrictions continue to ravage American businesses.

Whitmer: ‘Goal’ is Feb. 1 for Restaurants to Resume Indoor Dining

It's going to depend on how the COVID-19 numbers trend for the next few weeks, but Michigan Gov. Gretchen Whitmer said the state's goal is to reopen restaurants for indoor dining on Feb. 1.

Amazon Commits to New Facilities, New Jobs in Metro Detroit

Amazon is bringing five new facilities and more than 2,000 new full- and part-time jobs to Detroit, the company announced Monday.

Detroit Auto Show Cancelled, Switched to Outdoor Pontiac Event

Organizers have cancelled the North American International Auto Show over COVID-19 concerns, and will instead host an outdoor event in Pontiac.

SBA, Treasury Issue Guidance for 2nd Round of PPP Loans

Businesses looking for help from a second round of Paycheck Protection Program loans can start getting it next week after the SBA and the Treasury department issued new guidance.

Whitmer Signs $106 Million State Relief Bill

Michigan Gov. Gretchen Whitmer signed a $106 million bipartisan relief bill designed to provide pandemic relief to businesses and individuals adversely affected by the pandemic response.

After Balking, President Trump Signs COVID Relief Bill, Averts Shutdown

After initially deriding a bipartisan COVID relief bill, President Donald Trump signed it Sunday night, while still calling for revisions.

Congress Reverses IRS, Makes PPP Expenses Deductible

In passing its latest relief package, Congress reversed an IRS decision and allowed expenses related to Paycheck Protection Program loans to be tax deductible.

State House Passes $465 Million Bill Including Unemployment Extension, Small Business Aid

The state House on Monday approved a $465 million spending bill that includes millions of dollars in COVID-19 relief.

Congress Reaches $900 Billion Stimulus Deal

After months of haggling, Congressional leaders Sunday finally reached a deal for some $900 billion in coronavirus relief.

No Change for Restaurants, But Casinos and Theaters Can Reopen

Restaurants still can't indoor indoor dining, but an amended health order allows the reopening of casinos, movie theaters and other entertainment venues and for high school students to return to in-person learning.

No Word on Restaurants; Whitmer Wants Stimulus, Permanent Unemployment Help

Michigan Gov. Gretchen Whitmer wouldn't say when restaurants might be able to return to indoor dining. But she did renew a call for a $100 million state COVID-19 stimulus package.

Granholm Expected to Be Biden’s Pick to Run Energy Department

President-Elect Joe Biden is expected to name former two-term Michigan Gov. Jennifer Granholm as his energy secretary.

Huntington, TCF Announce $22 Billion Merger

Huntington Bancshares and TCF Financial announced a merger valued at $22 billion that should close in the second quarter of 2021.

Michigan Rolls Out COVID-19 Vaccine After FDA Approval

Michigan's frontline healthcare workers and high-risk citizens were expected to start receiving the COVID-19 vaccines after the FDA approved it Friday.

Talks Appear Stalled on New COVID Stimulus Package

Talks have stalled on a new round of COVID-19 stimulus funding, with debate surrounding a $908 billion bipartisan package and a smaller deal favored by Senate Majority Leader Mitch McConnell.

First-time Unemployment Claims Back on the Rise as Virus Surges

As states begin to strengthen COVID-19 restrictions on businesses, first-time unemployment claims rose to 853,000 for the week ending Dec. 5. That's 137,000 more than the week before.

MichBusiness Honors Companies for Best COVID Pivots

In the pandemic year of 2020, companies over nearly all industries had to make a pivot in normal operations to survive. On Wednesday, MichBusiness honored the businesses who did it the best.
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