Michigan economy

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Vibrant agricultural landscape in Michigan featuring crops and hills
Michigan Business News

Michigan Agricultural Exports Decline Amid Tariff Crisis

News Summary Michigan’s agricultural exports have significantly decreased over the past six months due to ongoing tariffs, impacting both the agriculture and auto industries. Notably, soybean meal exports fell by 46% while wheat exports dropped nearly 90%. The state faces over $277 million in lost agricultural exports, with calls for

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Aerial view of soybean crops in Michigan affected by drought conditions
Michigan Business News

Michigan Soybean Yields Projected to Set New Record in 2025

News Summary The USDA projects Michigan’s soybean yields to reach an average of 52 bushels per acre in 2025, surpassing last year’s yield by three bushels. However, ongoing drought conditions are creating challenges, with significant impacts on both soybean and corn crops. Limited rainfall and high temperatures are raising concerns

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A scenic view of northern Michigan featuring local businesses and community engagement.
Michigan Business News

Dakota Baker Appointed as Director of Northern Michigan Chamber Alliance

News Summary Traverse Connect has appointed Dakota Baker as the new director of the Northern Michigan Chamber Alliance. With a strong background in political and public policy, Baker will focus on advocating for rural businesses and enhancing the alliance’s efforts in the region. His previous experience, including roles in congressional

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Construction site for the new shipping lock in Sault Ste. Marie
Michigan Business News

Shipping Lock Project Cost Reduced in Sault Ste. Marie

News Summary The estimated cost for the new shipping lock project in Sault Ste. Marie has been cut by nearly 10%, now at approximately $2.62 billion. This reduction is attributed to the elimination of contingency expenses, with significant construction progress already made. The project is essential for U.S. supply chains,

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An empty walkway on Michigan State University campus reflecting budget cuts.
Michigan Business News

Michigan State University Faces Budget Cuts and Potential Layoffs

News Summary Michigan State University is contending with significant budget cuts which could lead to the layoffs of around 200 staff members. Amid rising operational costs, President Kevin Guskiewicz announced a 6% reduction in general fund spending and the restructuring of the university’s financial framework. The Counseling and Psychiatric Services

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Modern technology in a law enforcement setting for CLEMIS.
Michigan Business News

Oakland County Proposes $10 Million for CLEMIS Modernization

News Summary Three law enforcement agencies in Oakland County, Michigan, are collaborating to establish a self-governing authority aimed at modernizing the Courts and Law Enforcement Information System (CLEMIS) with a proposed budget of $10 million. This initiative seeks to enhance operational efficiency and inter-agency communication. The new funding model requires

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People discussing unemployment benefits in an office
Michigan Business News

Michigan Residents Face $2.7 Billion Unemployment Overpayment Repayment

News Summary Approximately 350,000 residents of Michigan are required to repay up to $2.7 billion in overpaid unemployment benefits received during the COVID-19 pandemic. Collections will officially resume on September 12, 2025, following a pause due to a class-action lawsuit. Affected individuals may apply for a financial hardship waiver. The

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Powerball lottery ticket displayed with Detroit skyline in the background
Michigan Breaking News

Detroit Wins $2 Million in Powerball Drawing

News Summary Detroit has celebrated a significant victory in the recent Powerball drawing, with an online ticket winning $2 million. The Michigan Lottery announced the win, highlighting the ticket’s match of five white balls. The jackpot has soared to $1.787 billion, sparking nationwide excitement. Michigan’s recent wins add to a

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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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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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