Economy

The House early Saturday approved a $1.9 trillion COVID relief package and sent it to the Senate, which is expected to take it up this week.

After leading the MEDC for a year, CEO Mark Burton is leaving to take a position with Detroit-based Honigman.

First-time claims for unemployment assistance were down 111,000 from last week, and continuing claims have dropped to a pandemic-era low.

The White House is making some changes to the Paycheck Protection Program, including instituting a two-week window when only businesses with 20 or fewer employees can apply.

Because of some of the success small businesses had over the holidays and other retail activity around Michigan, the MEDC is spreading optimism about 2021 and beyond.

The U.S. Small Business Administration says small businesses are getting a bigger share of this round of Paycheck Protection Program funding.

Nearly 6,000 state businesses have received more than $52 million in grants from the MEDC to help fight off the ill-effects of the COVID-19 response.

After a momentary rise, first-time claims for unemployment assistance dropped by some 19,000 last week.

The U.S. Small Business Administration said lenders are helping small businesses in underserved communities as the Paycheck Protection Program hits 1.3 small businesses with $104 billion in PPP funds.

Gov. Gretchen Whitmer's third budget aims to fund infrastructure, grow the state's economy and provide a boost to Michigan's schools.

Magna CEO: Coronavirus-induced computer chip shortage is a major challenge for automakers.

Michigan's Treasury Department has granted an automatic waiver of all penalties and interest related to underpaid estimated tax payments owed by taxpayers who received unemployment benefits in 2020.

The safe reopening of Meadow Brook Hall for self-guided tours opens up a great deal of history of the automotive industry in Michigan.

For the third straight week, first-time unemployment claims fell, down some 33,000 from the previous week. Claims, though, remain historically high.

After shredding 140,000 jobs in December, the U.S. economy added some 49,000 in January, while the unemployment rate dropped to 6.3%.

After hearing from players, coaches and parents for weeks begging for the return of high school sports, Gov. Gretchen Whitmer announced their return as of Feb. 8.

Michigan has launched a $30 million program aimed at giving adults a chance to advance their education and find a new career path.

Jeff Bezos is stepping down as the CEO of Amazon, though he's expected to remain as the company's executive chair.

As they chart their course through the pandemic, the needs of businesses are changing. And Michigan chambers of commerce are digging deep for ways to help.

TIAA President and CEO Roger Ferguson talked to the Detroit Economic Club about how CEOs can be leaders in their communities on social change and economic equity among employees.