News Summary A report from the National Low Income Housing Coalition highlights a growing housing crisis for Michigan renters, with the income needed for a two-bedroom apartment rising to $24.46 per hour. This contrasts sharply with the state’s minimum wage and average renter wages. The report indicates a significant disparity
News Summary CAVA has opened its first location in Michigan, located in Canton at 43450 Ford Rd. The restaurant features a spacious dining area and offers customizable Mediterranean cuisine with 38 ingredients to choose from. To celebrate its opening, CAVA hosted a Community Day event, providing complimentary meals and raising
News Summary Siena Heights University (SHU) in Adrian, Michigan, will cease operations at the end of the 2025-2026 academic year due to financial challenges and declining enrollment. With around 1,800 registered students, a drop from over 2,300 in 2008, SHU will maintain its academic calendar and support transfer pathways for
News Summary Michigan’s marijuana market is experiencing a downturn, with sales dropping by 4.2% statewide in June, following a period of growth since legalization. The average retail price for cannabis flower has plummeted by 70% from 2021 levels, contributing to intensified competition among over 850 businesses. Despite 76 new business
News Summary Michigan has launched a relief initiative that will eliminate $144 million in medical debt for over 210,000 residents. This program, announced by Governor Gretchen Whitmer, is a collaboration with Undue Medical Debt to tackle the state’s growing problem of medical debt affecting more than 700,000 adults. Eligible residents
News Summary Plans for a major semiconductor manufacturing plant near Flint, Michigan, have been canceled due to economic uncertainties, as announced by Governor Gretchen Whitmer. The proposed facility was expected to create around 9,400 permanent jobs and was part of an ambitious project known as ‘Project Grit.’ Despite substantial financial
News Summary Ultium Cells LLC, a joint venture between General Motors and LG Energy Solution, is enhancing its Tennessee manufacturing facility to produce low-cost lithium iron phosphate (LFP) battery cells by 2027. This upgrade responds to the growing demand for affordable electric vehicle technology and supports GM’s commitment to diversify
News Summary Michigan health insurers, including Blue Cross Blue Shield and UnitedHealthcare, are seeking record rate increases for individual and small group plans in 2026. Proposed hikes average 16.8% for individuals and 11.1% for small groups, primarily due to rising healthcare utilization and the expiration of premium tax credits. This
News Summary The Buy Michigan Now festival is relocating to South Lyon for the first time, taking place from August 1 to 3, 2024. This annual event supports local businesses and coincides with Michigan’s Buy Michigan Week. With over 100 vendors and a vibrant schedule of activities including live entertainment
News Summary Chicago’s real estate sector sees a notable change as Sterling Bay and Magellan Development Group sell the Millie on Michigan tower to Cedar Street and Kayne Anderson Real Estate. This 47-story mixed-use building features 289 luxury apartments and retail space, marking a significant deal amidst ongoing multifamily sales
