Michigan business news

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An office scene in Michigan illustrating workforce productivity challenges.
Michigan Business News

Michigan Ranks Lowest in Workforce Productivity: Study Reveals

News Summary A recent WalletHub study has ranked Michigan as the least productive state in terms of workforce engagement, citing key challenges such as low average work hours and employment rates. The study evaluated various factors influencing productivity, with North Dakota recognized as the hardest-working state. The findings highlight a

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Scenic view of Saint John's Resort in Michigan
Michigan Business News

Saint John’s Resort Named Best Hotel in Michigan for 2025

News Summary Saint John’s Resort in Plymouth, Michigan, has been recognized as the No. 1 Best Hotel in the state by U.S. News & World Report for 2025. The resort also topped the rankings for Best Resort and Best Business Hotel, highlighting its appeal for leisure and corporate events. With

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Astemo regional headquarters building in Wixom, Michigan
Michigan Business News

Astemo Ltd. to Invest $95 Million in Michigan Expansion

News Summary Astemo Ltd., a Japan-based automotive components manufacturer, announces a $95 million investment to establish a regional headquarters in Wixom, Michigan. This expansion will create approximately 200 jobs, with 150 engineering roles, reinforcing Michigan’s status as a hub for advanced mobility technology. Governor Gretchen Whitmer’s trade mission to Japan

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Luxury estate featuring a mansion and beautiful landscaping
Michigan Business News

Historic Estate in Michigan Sells for $12.8 Million

News Summary A luxurious 17,000-square-foot estate in Washtenaw County has set a new benchmark for real estate sales in Michigan with a closing price of $12.8 million. Spanning nearly 100 acres, the property was previously owned by businessman Louis Ferris and showcases a stunning architectural design inspired by Frank Lloyd

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Claire's store with a 'Closing Soon' sign
Michigan Business News

Claire’s to Close 291 Stores Amid Bankruptcy Struggles

News Summary Claire’s, the well-known accessory chain, has announced the closure of 291 stores nationwide following its Chapter 11 bankruptcy filing on August 6, 2025. This decision reflects ongoing challenges in the retail sector, particularly for brick-and-mortar stores. Among the affected locations are 11 stores in Michigan. Despite these closures,

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Representatives from Michigan engage in trade discussions with Asian counterparts
Michigan Business News

Michigan Governor Undertakes Historic Trade Mission to Asia

News Summary Michigan Governor Gretchen Whitmer is on a significant trade mission to Japan and Singapore to boost trade opportunities as the state faces pressing budget negotiations. Accompanied by representatives from the Michigan Economic Development Corporation, the delegation aims to form new partnerships within the global finance and clean energy

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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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