Participants presenting their innovative startup ideas at the PitchMI Competition.

Business News

Statewide PitchMI Competition Announces Championship in Lansing

Lansing, January 30, 2026 The PitchMI statewide championship highlights the innovation of Michigan entrepreneurs, featuring finalists competing for a share of a $4 million investment pool. This event will take place in Lansing, showcasing prominent startups that emerged from rigorous regional contests. The competition underscores Michigan’s commitment to fostering a robust

January 30, 2026 11:34 am

State Capitol building in Lansing, Michigan

Business News

Michigan Legislature Concludes 2025 Session with Key Developments

Detroit, December 20, 2025 The Michigan Legislature’s 2025 session has ended with a historic low of 30 enacted bills. Budget challenges persisted, revealing changes that affect the state’s economic landscape, including a $56.6 billion budget with significant allocations for infrastructure. Despite these hurdles, Michigan advanced in economic rankings, retaining its reputation

December 20, 2025 11:32 am

Visual representation of a jackpot at an online casino.

Breaking News

Record Jackpot Causes Decline in Michigan Online Casino Revenue

Detroit, Michigan, December 17, 2025 Michigan’s online casino revenue dropped by 10% in November, mainly due to an unprecedented $22.4 million jackpot won on DraftKings Casino. Despite this decline, year-over-year revenue showed a 9.9% increase from November 2024. The total revenue for November was reported at $248.4 million compared to $278.5

December 17, 2025 12:53 pm

A grocery store in Detroit showing empty shelves due to reduced spending from customers on SNAP benefits

Business News

Federal Cuts to SNAP and Medicaid Pose Challenges for Michigan

Detroit, Michigan, December 4, 2025 Recent federal cuts to the Supplemental Nutrition Assistance Program (SNAP) and Medicaid threaten Michigan’s economy and workforce. The anticipated reductions could result in a significant decrease in GDP, job losses in healthcare, and challenges for local retailers dependent on SNAP transactions. Approximately 1.4 million residents may

December 4, 2025 11:32 am

Gavel and cannabis leaves with Michigan state outline

Michigan Business News

Michigan Cannabis Association Challenges New 24% Tax

News Summary The Michigan Cannabis Industry Association has filed a lawsuit against the state over a newly enacted 24% wholesale tax on cannabis that is set to take effect in 2026. The MiCIA argues this tax violates constitutional provisions and is an unlawful increase on the already imposed cannabis taxes.

October 9, 2025 9:02 am

Cannabis plant with road construction background

Michigan Business News

Michigan Approves New 24% Wholesale Tax on Recreational Cannabis

News Summary Michigan lawmakers have approved a new 24% wholesale tax on recreational cannabis, set to take effect on January 1, 2026. This tax aims to generate approximately $420 million annually for road construction and repairs. However, the Michigan Cannabis Industry Association (MCIA) has filed a lawsuit, arguing that this

October 8, 2025 9:02 am

Cherry orchard in Northern Michigan with ripe cherries

Michigan Business News

Northern Michigan Cherry Farmers Face Uncertain Future

News Summary Northern Michigan cherry farmers are confronting a challenging season marked by declining production rates and economic uncertainties. After enduring severe weather and trade issues affecting yields, many farmers are now questioning the sustainability of their operations. The cherry crop, which is vital to the economy, has seen an

September 19, 2025 8:54 am

Entrepreneurs participating in the PitchMI competition showcasing their startup ideas.

Michigan Business News

PitchMI Initiative Launches to Support Michigan Startups

News Summary The newly launched PitchMI initiative aims to enhance Michigan’s startup ecosystem with a $4 million funding pool. Featuring four regional competitions, the program spotlights entrepreneurial talent across high-tech industries like AI, healthcare, and clean technology. The first competition kicks off in Detroit on October 1, 2025, with winners

September 10, 2025 8:57 am

Community event promoting energy assistance in Michigan

Michigan Business News

Consumers Energy Allocates $2 Million for Summer Assistance

News Summary Consumers Energy has launched a $2 million initiative to aid Michigan residents struggling with energy bills this summer. Eligible customers can access assistance via The Heat and Warmth Fund and The Salvation Army. Income-based criteria apply, with funds aimed at easing financial burdens during the warmer months. The

August 19, 2025 9:10 am

Town hall meeting discussing automotive tariffs impact

Michigan Business News

Town Hall Meeting Addresses Tariffs Impact on Automotive Industry

News Summary On August 14, 2025, a town hall meeting at Madonna University highlighted the negative impacts of tariffs on the automotive sector. U.S. Congresswoman Rashida Tlaib led a discussion with industry leaders, revealing how tariffs disproportionately burden American consumers and small businesses. The conversation stressed the need for a

August 16, 2025 8:50 am