Michigan business news

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A vibrant scene of Detroit's business district with electric vehicles.
Automotive

Michigan Businesses Show Cautious Optimism Amid Challenges

Detroit, Michigan, January 23, 2026 In the wake of a turbulent year, Michigan businesses are emerging with a sense of cautious optimism. Economic recovery signs are evident with improvements in manufacturing and technology sectors, as well as rising consumer spending. However, challenges such as supply chain disruptions and inflation continue to

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Governor Whitmer's mission to Switzerland for economic growth.
Business News

Governor Whitmer’s Swiss Mission to Boost Michigan’s Economy

Switzerland, January 20, 2026 Governor Gretchen Whitmer is on an investment mission to Switzerland, aiming to enhance Michigan’s global economic partnerships. This visit coincides with the World Economic Forum in Davos and focuses on attracting investments in advanced manufacturing and high-tech industries. The initiative demonstrates Michigan’s commitment to fostering a business-friendly

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A diverse urban scene representing Michigan's economic sectors.
Business News

Michigan’s Economic Forecast Reveals Modest Growth Ahead

Lansing, Michigan, January 14, 2026 Michigan’s economic outlook indicates modest growth for employment and personal income by 2026. Despite rising unemployment and inflation outlooks, regions like the Upper Peninsula show promise for job growth, reflecting a mixed economic landscape influenced by global trade challenges and federal policies. Michigan’s 2026 Economic Forecast:

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Elderly citizens in Detroit discussing Social Security issues
Business News

Michigan Seniors Face Social Security Fund Depletion Challenges

Detroit, Michigan, January 12, 2026 The Social Security Old-Age and Survivors Insurance (OASI) Trust Fund is projected to deplete its reserves by 2033, causing alarm for Michigan seniors and local businesses. Many retirees rely heavily on these benefits, and a reduction could strain their finances and impact consumer spending, particularly affecting

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Cityscape of Grand Rapids, Michigan showcasing vibrant business environment
Business News

Gordon Food Service Tops Michigan’s Private Companies

Grand Rapids, January 10, 2026 Gordon Food Service, based in Grand Rapids, has been named the top private company in Michigan and ranks 12th nationally on Forbes’ list of America’s Top Private Companies. With 20,000 employees and $23 billion in annual revenue, the company has solidified its position as a leader

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Exterior view of The Coffee Beanery café in Genesee County
Business News

The Coffee Beanery Opens New Location in Genesee County

Genesee County, January 8, 2026 The Coffee Beanery has reopened in Genesee County, Michigan, after a hiatus. Located at the intersection of Bristol and Linden Roads, this new café aims to meet increasing coffee demands. The establishment not only features a diverse coffee menu but also includes a MooYah burger restaurant

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Professionals discussing rising health insurance costs
Business News

Michigan Businesses Prepare for Rising Health Insurance Costs

Detroit, Michigan, January 6, 2026 Michigan businesses are facing a substantial increase in health insurance premiums projected for 2026, with individual policies expected to rise by 16.8% and small group policies by 11.1%. This surge is largely attributed to the expiration of enhanced ACA tax credits that previously made healthcare more

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Empty factory with a 'We're Hiring' sign crossed out, representing job layoffs.
Automotive

Michigan Experiences Significant Layoffs in the Automotive Sector

Detroit, Michigan, January 5, 2026 In 2025, Michigan faced 9,033 layoffs, notably impacting the automotive industry as General Motors and Flagstar Bank led workforce reductions. The layoffs reflect shifting market demands, especially in manufacturing and automotive sectors, urging local businesses and policymakers to innovate for sustainable economic growth. As the state

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Street scene in Ann Arbor featuring new businesses.
Business News

Ann Arbor Welcomes 19 New Businesses

Ann Arbor, January 4, 2026 In 2025, Ann Arbor has welcomed 19 new businesses, ranging from dining to retail services, enhancing its economic landscape. Notable newcomers include Ma Lou’s, Bao Space, and Slim Chickens, alongside retail outlets like Van Boven Shoes and Antelope Antiques and Coins. These establishments cater to diverse

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Diverse industries contributing to Michigan's economy in 2026
Agriculture

Michigan Businesses Navigate a Weaker Dollar

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

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