Category Archives: Economy

State’s tax break questions bigger problem than expected

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The future liability from Michigan’s uncashed business tax credits is three billion dollars bigger than first anticipated. Officials at the Michigan Economic Development Corporation report the job-creation tax credits granted to businesses total more than nine billion dollars. They will come due over the next 20 years. Continue reading

Seven-county agribusiness forum set to discuss economic growth

Photo courtesy of the seven-county I-69 Thumb Region.

Photo courtesy of the seven-county I-69 Thumb Region.


Representatives from across a seven-county region, including Genesee, Shiawassee and Lapeer, are meeting Feb. 19 to share new agribusiness ideas.

Region officials said the time is now to share the advantages of agribusiness with potential key partners, such as policy makers and business executives.
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Federal funding boost for Great Lakes basin

great_lakesThe USDA is set to provide 1.2 billion dollars over five years to the Regional Conservation Partnership Program in order to improve water quality and wildlife habitats in the Great Lakes basin.
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MDOT awards grants to help fund business expansions

bad-yellow-line-roadjpg-55a2be0a87eeea1d_largeA public / private investment will fund three road improvement projects in Huron and Lapeer counties this year, that will help several area businesses expand their operations.

The improvements will allow three companies to expand, creating 135 new full time jobs. Continue reading

Police, corrections take biggest cuts in budget-balancing plans

rick-snyder-mugjpg-446cf7790e6a2ea6Governor Rick Snyder’s budget-cutting order looks mostly to reductions in State Police, corrections, and health care spending as a first step toward retiring a deficit.
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GOP leaders to go ahead with prevailing wage repeal


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Republican leaders in the Legislature say opposition from Governor Rick Snyder will not stop them from trying to repeal the state’s prevailing wage law. It says state-funded construction projects have to pay workers union-level wages. Nearly two dozen local governments also have prevailing wage ordinances. Continue reading

Lower gas prices equates to cost savings for farmers

CropsLower prices at the pump are not just good for Michigan motorists, but for farmers as well, according to a recent analysis.

According to MSU Extension Services, farmers could save 13% on operational costs this year compared to last, based on current gas prices.

Jerry Lindquist is with the MSU Extension Services.

He said, “Gas prices will be a benefit the longer they stay down as we approach the planting season. It will reduce the price of operations with running of equipment, especially at the tillage time, planting time, and then if it should last into the fall, through the harvest season as well.”

Lindquist said savings will be a particular benefit for producers in northern Michigan, where corn and soybeans are predicted to be less profitable this year, due to low commodity prices.

Leftover grant funds help the city of Cadillac improve a popular tourist area

Stack of MoneyLeftover grant money from the state will allow the city of Cadillac to beef up a popular tourist area.

The MEDC has distributed more than one million dollars in grants to five Michigan communities through leftover funds and other grants that failed to materialize in recent years. Continue reading