Michigan Economic Development Corporation - Michigan Advantage Blog

Michigan Economic Development Corporation - Michigan Advantage Blog

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Economic Growth

Crystal Mountain: Michigan is Great for Business AND Travel!

January 19, 2012 Great Companies
Thumbnail image for Crystal Mountain: Michigan is Great for Business AND Travel!

By Nancy Mullen Call, Associate Broker at Crystal Mountain Realty
After going through the economic ringer for the last several years, it seems our mitten state is making its comeback. Go Michigan!
We’re definitely feeling the energy here at Crystal Mountain Resort and Spa where I work, and the indications are plentiful elsewhere, too.
In October, the Wall [...]

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Tagged as: advanced technology, economic development attraction/retention programs, Economic Growth, Pure Michigan, Quality of Life

MEGA approves new Cherry Republic facility in Traverse City

January 18, 2012 Great Companies

Michigan-based Cherry Republic has received approval from the Michigan Economic Growth Authority for a multi-use brownfield redevelopment project that will support the construction of a retail outlet and food production facility and new residential spaces in Traverse City. 
“This new Cherry Republic facility consolidates their production, retail and administrative operations and brings the company’s high quality jobs [...]

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Tagged as: brownfield redevelopment, Economic Growth, Jobs, small business

Michigan’s new competitive business taxes take effect Sunday

December 28, 2011 Economic Development

With the new year approaching and a new Corporate Income Tax scheduled to replace the unpopular and confusing Michigan Business Tax on Jan. 1, 2012, Lt. Gov. Brian Calley just signed 20 bills into law, including several pieces of cleanup legislation needed to clarify and properly implement the new, dramatically simplified tax.
Most notable among the changes [...]

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Tagged as: Corporate Income Tax, Economic Growth, Gov. Rick Snyder, Lt. Gov. Brian Calley, michigan business tax

This Just In: Michigan ranks 2nd in Bloomberg study of states’ economic health

November 10, 2011 Great Companies

Michigan’s economic health is second-best in the nation, according to a prominent national ranking released today. 
Bloomberg, a respected global leader in business and financial information, released its first-ever economic health evaluation during a conference in New York City. The Bloomberg analysis considered important indicators such as personal income, tax revenue, employment and housing prices. 
This pure [...]

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Tagged as: Economic Growth

From Bottom to Boom in 2 Years

October 19, 2011 Economic Development

FLINT – A sign says “Hybrid vehicle testing area” in the middle of Diplomat Specialty Pharmacy’s growing headquarters. Diplomat has hired more than 500 people so rapidly that workers haven’t had time to replace all the old GM signs with new ones.
Just two years ago, 500 General Motors employees worked here, on the site of [...]

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Tagged as: economic diversification, Economic Growth, Jobs

WSJ, USA Today trumpet Michigan’s comeback

October 11, 2011 This Just In

The winning ways of the Detroit Tigers and Lions as well as Michigan and Michigan State have both The Wall Street Journal and USA Today trumpeting the Pure Michigan economic comeback.
The Journal’s latest Michigan story declared “Detroit’s Engine Roars on Signs of Turnaround” and told readers, “If there is any place in a gloomy nation [...]

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Tagged as: career opportunities, Economic Growth, Pure Michigan, Resources, talent, tech jobs

Michigan leads comeback: home sales soar, Quicken hiring 500

September 13, 2011 Great Companies

With metro Detroit’s August home sales soaring by 19.4 percent over the same time in 2010, Detroit-based Quicken Loans is hiring another 500 staffers.
Michigan, which lost more jobs than any other state during the past decade, has been a national comeback leader in recent weeks. Just this month, Newsweek / The Daily Beast ranked Michigan [...]

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Tagged as: Economic Growth, Events, Job Fair

MEDC approves new incentive programs for business, community development

August 24, 2011 Community Development

The Michigan Strategic Fund and the Michigan Economic Development Corporation have approved new economic development and community revitalization programs that will provide $100 million in incentives for highly competitive projects in Michigan, beginning on October 1, 2011.
 “We are creating entirely new incentive programs to attract new business investment for job creation and redevelopment of our communities [...]

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Tagged as: brownfield redevelopment, Community Development, Economic Growth

Michigan business rankings climb

August 8, 2011 Economic Development

As the markets reacted to the nation’s lowered credit rating, several Michigan business indicators continue to rise.
Michigan’s general obligations bonds rating rose from “stable” to “positive,” while the state is a national leader for job growth and just placed No. 1 in a new lending ranking of Small Business Administration loans.
Fitch Ratings said of Michigan: [...]

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Tagged as: Economic Growth, Entrepreneurship & Innovation, Jobs, small business resources

First-ever Small Business Outreach Tour offers free workshops for small business owners

August 3, 2011 Economic Development

Small business owners looking for tools to take their businesses to the next level can gain information, contacts and resources through the Small Business Outreach Tour taking place August 10 through September 30.
The first-ever Small Business Outreach tour, sponsored by the Small Business Administration, will stop in 15 cities around the state. The free events [...]

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Tagged as: Economic Growth, Entrepreneurship & Innovation, Events, small business resources

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