High-voltage transmission lines near residential homes in Michigan

Michigan Business News

Residents Voice Concerns Over Michigan’s High-Voltage Transmission Lines

News Summary Landowners in Michigan are raising alarms over high-voltage transmission line projects led by ITC Holdings, fearing property condemnation and lack of communication. The projects, costing $624 million, will impact numerous homes across six counties. Local residents criticize the approval process and demand better engagement as they worry about

July 31, 2025 8:58 am

Michigan Business News

JCPenney Sells Six Michigan Stores in Major Transaction

News Summary Six JCPenney stores in Michigan are set to be sold as part of a $947 million deal involving 119 properties, finalized by Onyx Partners. These operational stores are part of JCPenney’s ongoing restructuring after its bankruptcy in 2020, aimed at reducing debt and modernizing operations. Following the recent

July 31, 2025 8:50 am

A lively downtown area in West Michigan with small businesses and community members enjoying the atmosphere.

Michigan Business News

West Michigan Businesses Receive State Grants for Growth

News Summary Over 20 businesses in West Michigan, including Leaping Panda Hobbies, have been awarded $25,000 grants through Michigan’s Match on Main program. This initiative aims to support local businesses with funding for expansion and improvements, fostering economic development in the region. By assisting businesses that contribute positively to their

July 30, 2025 8:55 am

A view of a semiconductor manufacturing site with construction activity.

Michigan Business News

SanDisk Cancels $55 Billion Semiconductor Project in Michigan

News Summary The planned $55 billion semiconductor manufacturing facility by SanDisk in Mundy Township, Michigan, has been canceled due to significant uncertainty surrounding federal economic policies and tariffs. This decision, which was expected to generate up to 10,000 jobs in the region, has raised concerns about the local economy. Despite

July 30, 2025 8:50 am

Michigan Business News

Michigan Supreme Court Allows Gambling Lawsuit to Proceed

News Summary The Michigan Supreme Court has ruled that Jacqueline Davis can continue her lawsuit against BetMGM over a disputed $3 million in winnings. The case arose from an alleged software glitch that credited her account with an astronomical balance after a small deposit. The court’s decision opens the door

July 27, 2025 8:59 am

Family exploring homeownership options in Michigan neighborhoods

Michigan Business News

Black Homeownership Struggles in Michigan Highlight Widening Gap

News Summary Black homeownership in Michigan faces significant challenges, with mortgage denial rates exceeding 20% for Black applicants in Grand Rapids and Detroit. A recent LendingTree analysis shows that the Black homeownership rate in Grand Rapids is the lowest among the 50 largest U.S. metros, at just 30.1%. Systemic barriers,

July 26, 2025 8:55 am

Aerial view of Detroit showing urban development

Michigan Business News

Michigan Experiences Population Growth Amid Relocation Trends

News Summary Michigan is witnessing notable demographic shifts in 2025, with residents relocating mainly within the Midwest and a surprising influx into Detroit. U-Haul’s analysis indicates that summer moves account for a substantial portion of relocations, reflecting a rebound in population growth. Despite some out-migration, Detroit is seeing an increase

July 25, 2025 8:57 am

A view of residential housing in Michigan highlighting affordable and high-rent areas.

Michigan Business News

Michigan Renters Face Escalating Housing Crisis

News Summary A report from the National Low Income Housing Coalition highlights a growing housing crisis for Michigan renters, with the income needed for a two-bedroom apartment rising to $24.46 per hour. This contrasts sharply with the state’s minimum wage and average renter wages. The report indicates a significant disparity

July 24, 2025 8:59 am

A family reviewing financial documents representing unemployment relief in Michigan.

Michigan Business News

Michigan Residents to Receive $34 Million in Unemployment Payments

News Summary Nearly 48,000 Michiganders are set to receive $34 million in retroactive unemployment payments following a review by the Michigan Unemployment Insurance Agency. The payments result from legislation that increases maximum weekly benefits and extends the duration of benefits. Eligible residents must have applied for unemployment from January to

July 23, 2025 8:50 am

A view of a cannabis dispensary in Michigan with products displayed.

Michigan Business News

Michigan’s Cannabis Market Faces Significant Slowdown

News Summary Michigan’s marijuana market is experiencing a downturn, with sales dropping by 4.2% statewide in June, following a period of growth since legalization. The average retail price for cannabis flower has plummeted by 70% from 2021 levels, contributing to intensified competition among over 850 businesses. Despite 76 new business

July 21, 2025 8:50 am