News Summary The planned $55 billion semiconductor manufacturing facility by SanDisk in Mundy Township, Michigan, has been canceled due to significant uncertainty surrounding federal economic policies and tariffs. This decision, which was expected to generate up to 10,000 jobs in the region, has raised concerns about the local economy. Despite
News Summary Governor Gretchen Whitmer’s trip to Australia, costing over $219,000, has ignited controversy regarding job creation claims versus actual statistics in Michigan’s auto industry. Critics challenge the effectiveness of such trade missions amidst job losses, questioning their return on investment. With a delegation of state officials, Whitmer aimed to
News Summary Nearly 48,000 Michiganders are set to receive $34 million in retroactive unemployment payments following a review by the Michigan Unemployment Insurance Agency. The payments result from legislation that increases maximum weekly benefits and extends the duration of benefits. Eligible residents must have applied for unemployment from January to
News Summary In the run-up to the mayoral election, candidates in Michigan are discussing key strategies to support small businesses that make up 99.6% of the state’s economy. Issues including the repeal of Right-to-Work protections and rising corporate subsidies are at the forefront. Plans such as developing a $500 million
News Summary The Michigan Department of Natural Resources is holding its annual surplus land auction from August 1 to September 5, featuring 126 properties across Michigan’s counties. These parcels, deemed surplus due to limited public use potential, will be available for bidding. Interested bidders can preregister to participate, and profits
News Summary The U.S. Mint has launched a new $1 coin in Michigan, celebrating the state’s contributions to automotive manufacturing. Unveiled at the Detroit Historical Society, the coin features a 1930s assembly line honoring the impact of autoworkers on American society. Designed by Steven Bieda, the coin serves as a
News Summary Michigan has climbed to 6th place in CNBC’s best states for business ranking for 2025, marking its highest position since the ranking began. This improvement reflects a positive trend in the state’s economic climate, driven by strengths in international trade and robust job creation efforts. Despite concerns regarding
News Summary WK Kellogg Co., based in Battle Creek, Michigan, is poised to be acquired by Italian confectionery company Ferrero SpA for an estimated $3.1 billion. This acquisition could significantly impact the cereal and snack industry, driving WK Kellogg’s stock price up more than 50% in after-hours trading. The move
News Summary Ferrero Group has announced a $3.1 billion acquisition of WK Kellogg Company, set to complete in 2025, pending shareholder approval. The deal will see Kellogg operate as a subsidiary of Ferrero, raising questions about local employment and investment in Battle Creek, Michigan. Community leaders hope for job retention
News Summary TerrAscend Corp announced its complete withdrawal from the Michigan marijuana market by the end of 2025, closing 20 retail locations and a cultivation center, resulting in around 250 job losses. The decision comes amid declining profit margins and an oversupplied market. The closures will also affect well-known cannabis
