Stay updated with the latest developments in Detroit, MI finance through our comprehensive news category page. We provide in-depth coverage of local economic issues, trends in the housing market, and the financial landscape affecting residents and businesses in the Motor City. Our articles explore various financial topics, including investment opportunities, taxation changes, small business financial strategies, and personal finance tips tailored for Detroit’s unique economic environment. Readers can find valuable insights on the impact of regional events, community initiatives, and government policies on the overall financial health of the area.
Our Detroit, MI finance news section is designed to keep you informed about critical financial news that directly affects your life. From emerging market trends to expert advice on wealth management, we gather reports from local economists and financial analysts to provide a well-rounded view of the financial ecosystem in Detroit. Additionally, our coverage includes profiles of financial institutions, interviews with local entrepreneurs, and success stories to inspire community growth. Whether you’re a seasoned investor, a small business owner, or simply looking to manage your personal finances better, our news category page is your go-to resource for all things finance in Detroit.
Ann Arbor, Michigan, January 2, 2026 As Michigan enters 2026, the decline of the U.S. dollar from the previous year profoundly impacts its economy. Various industries are adapting, with tourism seeing growth due to increased affordability for international visitors, while manufacturing and agriculture face rising costs. The automotive sector benefits from
Detroit, Michigan, January 2, 2026 Effective January 1, 2026, Michigan will raise its minimum wage to $13.73 per hour, up from $12.48 per hour, as part of a plan to reach $15.00 by 2027. The minimum wage for minors will increase to $11.67, and tipped employees will see their rate rise
Mid-Michigan, January 1, 2026 Mid-Michigan’s business landscape saw a wave of changes, with 29 establishments opening and closing in 2025. Highlights include the opening of Orange Market and Inn at Stonecliffe, while Lakeside Mall’s permanent closure marked a significant shift in the area’s retail scene. These developments reflect the evolving economic
Detroit, January 1, 2026 Starting January 1, 2026, Michigan residents will experience a series of increases in taxes, particularly on gasoline and recreational marijuana, alongside a rise in the minimum wage. The gasoline tax will rise by 20 cents, totaling 51 cents per gallon, while a new 24% tax on marijuana
Detroit, MI, December 31, 2025 Detroit police have issued a warning about a concerning increase in false threats targeting schools throughout the city. Recent hoax threats have led to heightened security measures, temporary school closures, and disruption among students, parents, and staff. Authorities stress the importance of community vigilance in maintaining
Detroit, December 31, 2025 The Federal Reserve has decided to cut interest rates by a quarter-point to 3.6%, reflecting internal divisions within the Federal Open Market Committee. This reduction highlights the balancing act between addressing inflation and a weakening labor market. Local entrepreneurs in Detroit might see this as an opportunity
Detroit, Michigan, December 31, 2025 Sumith Gunasekera, an associate professor at Ferris State University, was arrested by ICE and subsequently terminated due to concerns over his immigration status and prior convictions. The arrest has raised alarms within the university community regarding safety and immigration policies, prompting discussions about the hiring procedures
Detroit, December 31, 2025 The FBI Detroit Field Office announced a dramatic 120% rise in arrests for 2025, totaling 841. This increase reflects heightened efforts against violent crime and cyber threats. Local law enforcement’s commitment is evident through initiatives leading to the seizure of firearms and drugs and recovering missing children.
Detroit, Michigan, December 30, 2025 Philanthropic organizations have pledged over $2 million to support Mayor-Elect Mary Sheffield’s transition in Detroit, the largest effort of its kind in the city’s history. This significant funding will focus on community engagement and agenda-setting while excluding inauguration costs. With a volunteer team of 373 members,
Detroit, Michigan, December 25, 2025 In response to the federal government shutdown that paused November SNAP benefits, GiveDirectly and Propel app launched a $50 cash relief program. This initiative provided vital financial support to over 246,000 families across the nation, helping those in desperate need during a crucial time. The program
