News Summary The State of Michigan Retirement System has tripled its investment in Bitcoin by increasing its holdings in the Ark Bitcoin ETF to 300,000 shares, valued at approximately $11.3 million. This move indicates growing institutional confidence in cryptocurrencies as the state pension fund becomes the first in the U.S.
News Summary A recent study by the Michigan Retailers Association reveals that redirecting just 10% of online spending to local businesses could yield 12,000 new jobs and $1.1 billion in economic activity. This highlights the significant impact of local consumer habits on Michigan’s economy, supporting both job creation and public
News Summary HNI Corp. has finalized a $2.2 billion acquisition of Steelcase Inc., reshaping the corporate landscape in Grand Rapids, Michigan. As part of the deal, Steelcase shareholders will receive cash and HNI stock, while the new entity is expected to generate significant synergies and a projected revenue of $5.8
News Summary Michigan’s cannabis market is in crisis, experiencing a notable oversupply and declining sales. Total cannabis sales dropped to $261.1 million in June 2025, with medical marijuana sales plummeting 72% from last year. As major operators exit the market, concerns mount over increased competition and reduced profit margins. The
News Summary Michigan Governor Gretchen Whitmer met with President Trump to address crucial issues affecting the state, including tariffs on the auto industry and Medicaid transitions. The discussions highlighted the auto sector’s vulnerabilities and the need for job creation, as well as the importance of a three-year transition for Medicaid
News Summary Billionaire donor Timothy Dunn has contributed $5 million to the Great Lakes Conservatives Fund, backing Mike Rogers in the Michigan Senate race. This donation highlights significant financial support for Rogers, who previously lost a close election. The PAC has raised over $5 million this year and has received
News Summary Governor Gretchen Whitmer has mandated an investigation into the economic effects of tariffs on Michigan’s manufacturing and agriculture sectors. The directive requires reports from state agencies within 30 days, addressing concerns over escalating costs and supply chain weaknesses, especially in the auto industry. With significant tariff rates affecting
News Summary On Tuesday, Governor Gretchen Whitmer announced that 63 small businesses in Michigan received nearly $2 million in grants through the Match on Main program. This initiative, aimed at supporting businesses in downtown areas, allocated grants of up to $25,000 to help local enterprises launch, expand, and thrive. Among
News Summary Over 20 businesses in West Michigan, including Leaping Panda Hobbies, have been awarded $25,000 grants through Michigan’s Match on Main program. This initiative aims to support local businesses with funding for expansion and improvements, fostering economic development in the region. By assisting businesses that contribute positively to their
News Summary Michigan Governor Gretchen Whitmer has unveiled $1.49 million in grants for 63 local businesses under the state’s ‘Match on Main’ program. This initiative aims to support small businesses, foster job creation, and stimulate the local economy. The program, which has seen a record number of applicants this year,
