State lawmakers are looking to slash the Michigan Economic Development Corporation’s budget. A state Senate budget subcommittee cut money for a business attraction program run by the agency. Continue reading →
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 →
The 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. Continue reading →
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 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.