Industry

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.

Annual Housing Outlook Offers Top Real-Estate Trends to Watch in 2021

Despite the ongoing challenges presented by the coronavirus pandemic, Real Estate experts are feeling largely optimistic about housing trends as 2021 begins.

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.

Tech Expert Joins Ford as Global CMO to Lead in Marketing, Brand Strategy

Ford Motor Co. has brought in an expert to help with its marketing and brand strategy efforts.

Experts: New Stimulus Checks Will Help, but the Economy Still Needs Another Boost

While Americans are likely to use the new stimulus checks to pay off debt and cover immediate expenses, experts say they should help facilitate economic recovery.

Survey: Hospitality Industry ‘In Turmoil,’ Looks to 2021 for Recovery

The hospitality industry, particularly restaurants and hotels, is "in turmoil," according to a recent survey, and worried about surviving the next few months.

Michigan Restaurants Look to New Year’s Events, 2021 in Hopes of Better Days and...

Michigan restaurants, hoping to escape the clutches of the coronavirus pandemic, are hoping to regain what the COVID response has taken from them.

Real Estate Market Trends Show No Slowdown as Low Mortgage Rates and Mild Weather...

Experts say the Southeastern Michigan residential housing market is going strong, with home sales moving forward due to a variety of incentives.

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.

Grand Rapids-Based Black Calder Makes a Big Splash with Its New Beer and Partnerships

They met at a business conference, and now the owners of the state's first Black-owned brewery recently celebrated their first major product launch.

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.
Corp! NewsletterStay informed on Michigan business news