Michigan business news

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Visual representation of economic challenges in Michigan's automotive sector.
Michigan Business News

Governor Whitmer Meets Trump to Discuss Economic Tariffs’ Impact

News Summary Michigan Governor Gretchen Whitmer met with President Trump to address the detrimental effects of his tariffs on Michigan’s economy, particularly on the automotive industry. During their private meeting in the Oval Office, she presented data showing the job losses and financial strain caused by these tariffs. The meeting

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Skyline of Michigan representing diverse employers known for employee satisfaction.
Michigan Business News

Forbes Ranks Michigan’s Best Employers for Employee Satisfaction in 2025

News Summary Forbes has announced its 2025 ranking of America’s Best-in-State Employers, highlighting 41 companies from Michigan excelling in employee satisfaction. Delta Air Lines, despite its Georgia headquarters, topped the list overall. Alro Steel led among Michigan firms, showcasing the state’s diverse job landscape. The rankings are based on surveys

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Luxury homes along the shore of Walloon Lake in Michigan
Michigan Business News

Walloon Lake Named Most Expensive Lakefront Market in the U.S.

News Summary A recent study has revealed that Walloon Lake in Northern Michigan is the most expensive lakefront home market in the U.S., with an average listing price of $6.44 million. This price surpasses Lake Sherwood’s $6.15 million and Lake Tahoe’s $3.83 million. Over three months, Walloon Lake saw total

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Downtown Detroit with signs of economic fluctuation.
Michigan Business News

Michigan Sees Decrease in Unemployment Claims Amid Challenges

News Summary Unemployment claims in Michigan have decreased to 5,058 for the week ending August 23, down from 5,392 the previous week. This decline mirrors a national trend, as U.S. unemployment claims dropped to 229,000. Despite the reduction in claims, Michigan’s unemployment rate remains high at 5.5%. Job losses continue

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Sign announcing Claire's store closing sale with jewelry accessories around it.
Michigan Business News

Claire’s Files for Chapter 11 Bankruptcy Again, Closes 291 Stores

News Summary Claire’s has filed for Chapter 11 bankruptcy for the second time since 2018, planning to close 291 stores, including 11 in Michigan, amid increasing competition and economic pressures. The company aims to realign its operations with market demands as it seeks potential buyers for remaining locations. The retail

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Closed Claire's store with sale sign
Michigan Business News

Claire’s Holdings LLC to Close 291 Stores Nationwide

News Summary Claire’s Holdings LLC has announced the closure of 291 stores across the U.S., including 11 locations in Michigan, as part of its Chapter 11 bankruptcy restructuring. Following significant financial challenges, the company expects to commence store closing sales by September 7, 2023. This marks Claire’s second bankruptcy filing

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A gas station display showing rising gas prices in Grand Rapids.
Michigan Business News

Gas Prices Surge in Grand Rapids Following Refinery Shutdown

News Summary Gas prices in Grand Rapids have risen sharply, now averaging $3.24 per gallon, an increase of 11.2 cents from last week. This surge is attributed to a recent refinery shutdown leading to a spike in wholesale prices. Comparatively, national prices have fallen, highlighting a significant local disparity. While

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Closed marijuana testing lab sign
Michigan Business News

Closure of Marijuana Testing Lab Viridis in Michigan

News Summary Michigan regulators have ordered the immediate closure of Viridis, a prominent marijuana testing laboratory, due to multiple compliance violations. The Cannabis Regulatory Agency announced that Viridis’ Lansing operation is permanently closed, and the Bay City facility must cease operations by September 28, 2025. The lab’s owners are now

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Laboratory environment for cannabis testing in Michigan
Michigan Business News

Michigan Cannabis Agency Settles with Viridis Labs

News Summary The Michigan Cannabis Regulatory Agency has reached a settlement with Viridis Labs, banning its founders from the state’s cannabis market due to unethical testing practices. This settlement follows a significant recall of $229 million in products and underscores the importance of ethical standards in cannabis testing. The CRA

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NPR of America manufacturing plant exterior with closed signs
Michigan Business News

Grand Haven Faces Job Losses as NPR of America Announces Plant Closure

News Summary NPR of America has announced the permanent closure of its Grand Haven auto parts manufacturing plant, impacting 64 employees. Layoffs are set to begin in October 2025 and will continue through February 2027. The closure signifies a significant shift for the company, which specializes in producing piston rings

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