Michigan economy

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Gas station with cars waiting and visible gasoline price sign
Michigan Business News

Michigan Gas Prices Surge Ahead of Labor Day Weekend

News Summary Michigan is witnessing peak gasoline prices as it heads into the Labor Day weekend. As of August 27, 2025, regular unleaded gas hit an average high of $3.39 per gallon. Although there was a slight decrease to $3.30 by September 1, prices remain 15 cents higher than a

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New housing developments in Muskegon, Michigan
Michigan Business News

Muskegon Enhances Infrastructure and Affordable Housing

News Summary Muskegon, Michigan is taking important steps to revitalize its infrastructure and create affordable housing. Recent developments include a 144-apartment housing project and industrial expansion efforts aimed at promoting economic growth. Local officials have approved critical rehabilitation certifications and tax incentives to support these initiatives, addressing the urgent need

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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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Michigan statehouse during budget discussion
Michigan Breaking News

Michigan House Passes $78.5 Billion Budget with Major Cuts

News Summary The Michigan House of Representatives has approved a $78.5 billion budget, drastically reducing funding for health, human services, labor, and law enforcement. House Bill 4706, known as the ‘Value for MI Dollars Budget’, cuts $6 billion compared to the previous Senate proposal. Significant reductions include nearly $3.79 billion

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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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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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Michigan State Capitol building with budget symbols
Michigan Breaking News

Michigan House Passes $79 Billion Budget with Cuts

News Summary The Michigan House of Representatives has approved a $79 billion state budget, the smallest since 2021. The budget, championed by House Republicans, proposes significant cuts to various state services, including education and healthcare, igniting concerns among stakeholders about its potential impacts. With a focus on reducing state spending,

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Legislators discussing the Michigan state budget
Michigan Business News

Michigan House Republicans Pass $78.5 Billion Budget

News Summary Michigan House Republicans have confirmed the passage of a $78.5 billion state budget on a party-line vote. This budget, known as the ‘Value for MI Dollars Budget,’ aims to provide significant benefits to families while addressing state funding misallocations. It includes major cuts, particularly from health services, and

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Illustration of diverse housing developments in Michigan as part of the MI Home Program
Michigan Business News

Michigan Launches MI Home Program to Combat Housing Shortage

News Summary Michigan is tackling its housing shortage with the launch of the MI Home Program, aiming to construct or rehabilitate 10,000 homes over five years with an $800 million budget. This initiative includes local zoning changes and an Employer-Assisted Housing Fund to support affordable housing solutions. Experts highlight the

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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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