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State Credit Rating Outlook Increases

Jun 18, 2021

Fitch Ratings has improved the State of Michigan’s general obligation bonds AA credit rating from a “stable outlook” to a “positive outlook.” In the announcement, Fitch noted the state’s success in achieving balanced budgets and the expectation that Michigan’s improved fiscal and budgetary resilience will be sustained. Additionally, Fitch believes the state is well-positioned to […]

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Governor Announces Economic Plan

Jun 04, 2021

This week, Governor Gretchen Whitmer announced the Michigan Economic Jumpstart Plan, which allocates a portion of federal relief funding to support and invest in workers and small businesses. Under her plan, the state will increase incentives to boost wages, provide grants to small businesses to increase hiring, and expand access to childcare to help families […]

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Revenue Projections $3.5 Billion Higher Than Previous Estimates

May 21, 2021

State revenue collections continue to outperform economic metrics, leading to additional money available as the legislature and governor work to finalize the budget for the upcoming fiscal year. The revised revenue was the key takeaway from today’s biannual Consensus Revenue Estimating Conference held today in Lansing. The heads of the House and Senate Fiscal Agencies, […]

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MEDC Names new CEO

May 21, 2021

Quentin L. Messer, Jr. was appointed the new CEO of the Michigan Economic Development Corporation (MEDC) by the MEDC Executive Committee. He currently works as the President and CEO of the New Orleans Business Alliance, a position he’s held since 2015. Prior to that, he served as the assistant secretary at Louisiana Economic Development as […]

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Foreign Direct Investment Grows in Michigan

Mar 05, 2021

Michigan has been ranked first for fastest foreign direct investment (FDI) job growth over the past five years, according to Global Business Alliance’s most recent national trends analysis. Michigan was also ranked as third for the largest concentration of FDI manufacturing jobs, seventh for most overall FDI jobs, and tied for third for the largest […]

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Why the Netherlands Consulate in Chicago Matters to Michigan

Dec 16, 2020

As home to the largest concentration of Dutch Americans in the country, a small group of us with Grand Rapids ties saw the opportunity to create an organization that could help strengthen the cultural and economic ties between West Michigan and the Kingdom of the Netherlands.  In 2010, the West Michigan Global Initiative (WMGI) was […]

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Governor Signs COVID-19 Protections

Oct 23, 2020

Governor Gretchen Whitmer signed a bipartisan package of bills into law aiming to protect workers and businesses from the ongoing pandemic. Under the new laws, employers are required to allow workers exposed to COVID-19, or who exhibit symptoms, to stay home and prohibits retaliation against the employee. The bill also provides a minimum damages award […]

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Unemployment Benefits Temporarily Extended Under New Law

Oct 23, 2020

This week, Governor Gretchen Whitmer signed legislation codifying part of her executive orders expanding unemployment benefits. The new laws extend unemployment benefits for Michigan workers who have lost work as a result of the COVID-19 pandemic from 20 to 26 weeks until the end of the year. Governor Whitmer also called on the Legislature to […]

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Lansing, MI 48933
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