Category Archives: Economy

Michigan strategic fund approves investment plans for Bay County corporation

Stack of MoneyThe Michigan Economic Development Corporation is stepping in to help a Bay County company expand its business, and create jobs.

The Mando America Corporation facility in Monitor Township is receiving a $200,000 grant from the state to help with the expansion. Read more

Michigan energy appraisal estimates lower bills

The state says its bi-annual energy appraisal shows that residents will have a bit more money in their pockets this Winter.

Judy Palnau is a media specialist with the Michigan Public Service Commission. She says although unit price has risen for natural gas users, overall they should be paying less.

“Bills will be going down despite the fact that natural gas prices per unit are expected to be up. Last year was actually the reverse. We were paying an 11-year low per unit of natural gas, but because we were using so much more of it to keep warm, many people saw their bills actually go up, despite the lower price.”

Palnau says the estimate is based on the assumption that Michigan will have a return to normal winter weather this year.

We spoke to the National Weather Service office in Gaylord. Their meteorologists say Michigan will likely see a slightly colder than normal winter, however it will be nowhere near as cold as last year’s Polar Vortex.

The MPSC says even if Michigan has another remarkably cold Winter, there is enough energy stored to avoid a crisis.

Michigan’s jobless rate is 7.2% headed into November election

Michigan’s monthly unemployment rate has dropped two-tenths of a percentage point to seven-point-two percent. It’s the lowest rate in six years.

So many people left the state during the recession, there are fewer people competing for jobs as more positions are created by the recovery. But that’s good news for those who are left, especially as improving auto sales spur growth in the manufacturing sector, helping along transportation, warehousing and other businesses. That’s according to Bruce Weaver of the state Bureau of Labor Statistics.
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Support for Michigan agriculture continues to grow

farmingNorthern Michigan agriculture is receiving a boost through new grant money, as a result of the 2014 Farm Bill.

The USDA’s Specialty Crop Block Grant Program will provide nearly $2 million to support 30 Michigan specialty crop projects throughout the state. Read more