Economy

First-Time Unemployment Claims Fall as Lawmakers Debate Relief Package

First-time unemployment claims fell to levels not seen since March, but they're still far above pre-pandemic levels.

Sides Still Talking Coronavirus Relief, But Prospects of Pre-Election Deal Dimming

The sides are still talking about the next coronavirus relief package, but the chances of it coming before the Nov. 3 election are dimming.

Experts: Halloween Likely Will See Slower Retail Sales and Fewer In-Person Events This Year

Halloween is likely to be slower this year for retailers and trick-or-treaters, but experts say there will still be opportunities to celebrate.

Unemployment Claims Tick Up as Lawmakers Debate Relief Package

While federal lawmakers and President Trump wrangle over a new COVID-19 relief package, first-time unemployment claims ticked up to nearly 900,000 last week.

Experts: Struggling Restaurant Industry Likely to Turn to Innovation to Save on Costs, Labor...

Experts say diners are likely to see innovations in their restaurants -- including robots -- as owners figure out their strategy moving forward.

Q&A: How Companies Can Create Best Practices for a Blended Remote/Onsite Workforce

Management expert Kristi Stepp of Sigred Solutions says the blended home-work space is going to be around for awhile.

Economist: U.S. Economy Needs a ‘Foot on the Accelerator’ to Fully Recover from the...

Economist Mark Zandi said the last six months have been "unprecedented" for the U.S. economy, and that the next president needs to "step on the accelerator" to get it going.

State Health Department Issues New Rules on Masks, Venue Capacity

Basically re-creating limits imposed by orders issued by Gov. Gretchen Whitmer before her powers were struck down by the state Supreme Court, the state health department Friday issued new guidelines on masks, venue capacity and other restrictions.

SBA Releases Form Designed to Streamline Forgiveness of Smaller PPP Loans

The U.S. Small Business Administration yesterday released a new, simpler loan forgiveness application for businesses that took Paycheck Protection Program loans of $50,000 or less.

West Michigan Boosters Launch ‘Opportunity Awaits’ Campaign to Draw People, Businesses to Region

West Michigan is known for a variety of things, including its art, small-town atmosphere and beauty. The Grand Rapids Chamber this week launched a marketing campaign aimed at drawing companies to West Michigan to take advantage of those attractions.

Oakland County Dishes Out $140 Million in Small Business Grants

Oakland County has spread the wealth since the beginning of the COVID-19 pandemic, handing out more than $140 million in small-business grants.

Supreme Court Decision Means Whitmer, Legislature Will Need to Work Together

The Michigan Supreme Court ruled that Gov. Gretchen Whitmer does not have the authority to declare a state of emergency, meaning the governor and the Republican-led state Legislature will have to work together to fight COVID-19.

U.S. Added 661,000 Jobs in September, Unemployment Rate Takes a Dip

The U.S. added 661,000 jobs in September, but the airline industry is eyeing layoffs unless federal aid is approved. Meanwhile, first-time unemployment claims remained under 1 million for the fifth week.

Birgit Klohs Announces Retirement from The Right Place

After leading The Right Place, the economic development leader for west Michigan for more than 30 years, Birgit Klohs announced she's retiring, effective Jan. 31.

Theaters, Other Venues Can Start to Recoup Losses After State Eases COVID Restrictions

Movie theaters, bowling alleys and other performance venues can reopen beginning Oct. 9, after Gov. Gretchen Whitmer signed an executive order to that effect.

Michigan’s Weekly Unemployment Claims Fall; Pandemic Total Hits 2.6 Million

Michigan's weekly unemployment claims drop, but overall stastistics are still historically bad since the COVID-19 pandemic started.

Budget Deal Includes Funding for Business, Education, Health Care

Gov. Gretchen Whitmer and the state Legislature have reached agreement on a 2021 budget, though concerns still exist over a likely 2022 shortfall.

Growth, Community Revitalization Projects Attract $112 Million in Investment

The Michigan Strategic Fund approved a variety of growth and revitalization projects the MEDC says "lay a path forward" in the state's economy.

United Wholesale Mortgage Going Public in $16 Billion Merger

United Wholesale Mortgage announced a merger with Gores Holdings IV officials say will value the company at some $16.1 billion.

Olga’s Kitchen Celebrates Half a Century in Business, Feeding Metro Detroit with Snackers and...

Olga's Kitchen is recognizing a half-century in business. To celebrate the anniversary, Olga's is holding a party both at its restaurants and through its app.
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