Industry

GM: $7 Billion EV Investment in Michigan to Create 4,000 New Jobs, Retain 1,000

General Motors announced a $7 billion investment in electric vehicle production that officials say will create 4,000 new jobs and retain another 1,000.

First-Time Unemployment Claims Rise as Omicron Affects Job Market

The number of people seeking new unemployment benefits has been dropping, or at least holding relatively steady, the last few months. So much for that streak. The number of U.S. workers...

Yellen Tells Mayors COVID-19 Stimulus Was ‘Like a Vaccine’ to Economy

When Dr. Elaine Buckberg, the chief economist for General Motors, took part in the recent Detroit Economic Club Economic Outlook webinar, she was asked whether all the federal stimulus...

Council on Underserved Communities Holds First Virtual Meeting

WASHINGTON, D.C. (Globe Newswire) — Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, joined John W. Rogers, Jr., Chairman of the Council on Underserved Communities, last...

Omicron Surge Disrupts Essential Services From Restaurants to Grocery Stores to Schools

Workers in restaurants, grocery stores, the trucking industry and schools have all been hit hard by Omicron, and the virus is disrupting everything once again.

Experts: Retail Sales Slump as Omicron Advances

Experts at Comerica point out that retail sales dropped by 1.9% in December, a fall they say was fueld by the spread of the omicron variant.

Experts to DEC: Reasons for ‘Optimism’ Despite Record Inflation

GM's top economist and the head of the MEDC both expressed optimism for Michigan's economy, despite the presence of a 40-year high national inflation rate.

On the Edge: Pandemic Weighs Heavy on the Human Resources Profession

Frazzled and exhausted human resources professionals are at the heart of the pandemic, dealing with personnel issues complicated by a once-in-a-lifetime virus.

Supply Chain Expert Explains Highest Inflation Hike in 40 Years

Bearing out dark forecasts made by economists in the fall, inflation continued to rise in December — making 2021 the steepest inflationary increase the country has seen since 1982. The...

First-Time Unemployment Claims Climb Back to 230,000

First-time claims for unemployment assistance from American workers fell steadily over the last few months, dipping below 200,000 (the lowest in 50 years) in November and December. That streak ended...

Ford Bronco and Maverick Earn North American Utility and Truck of the Year Honors

The all-new 2022 Ford Bronco has taken home the 2022 North American Utility of the Year award and the all-new 2022 Ford Maverick received the 2022 North American Truck...

NABR Names the 2021 Nation’s Best and Brightest in Wellness Winners

The National Association for Business Resources released its list of the Best and Brightest in Wellness companies for 2021.

State Amends Tax Act to Benefit Flow-Through Entities

A late-December change to Michigan's Tax Act changes how flow-through companies can file their taxes.

MMA Launches MFG Diversity, Equity and Inclusion Initiative

LANSING — To support the growth, education and competitiveness of Michigan’s manufacturing sector, the Michigan Manufacturers Association (MMA) has launched the MFG Diversity, Equity and Inclusion (DEI) Initiative. MMA officials...

Toyota Tops U.S. Auto Sales for 2021, Ending GM’s 90-Year Streak

General Motors had a long, successful run as the country’s top-selling automaker In 2021, though, that run came to an end. Toyota Motor dethroned GM last year, ending a run that...

U.S. Adds 199,000 Jobs in December; First-Time Unemployment Claims Rise Slightly

Expectations of a better jobs performance in December than the U.S. had in November were dealt a blow when the Bureau of Labor Statistics released its December 2021 jobs...

PayPal, Venmo, CashApp Now Required to Report Transactions of $600 or More to IRS

A new tax law ushered in by the American Rescue Plan sets a much lower threshold for reporting business transactions made using payment apps such as Venmo, PayPal and...

Best and Brightest Companies Honors Fall, Winter 2021 Winners

The Best and Brightest Companies to Work For has released the list of winners for its 2021 Winter honors.

Experts: December Shows Strong Job Gains Despite Omicron

With more than 800,000 jobs created, December turned out to be a strong month for job growth despite the effects of the omicron variant.

Bipartisan Legislation Aims to Help State Attract Investment, Create Thousands of Jobs

Administration says bipartisan bills signed by Whitmer will support small businesses, invest in a $1 billion economic development fund and build on Michigan's ongoing economic momentum.
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