Insider Intelligence

On Thursday, the Senate Economic Development Committee reported a bipartisan three-bill package aimed at attracting new and expanded business investments in the state, providing high-wage jobs.  Under the legislation, business expansions or new locations creating at least five hundred qualified new jobs that pay the prosperity region average wage or higher would be eligible to […]

This week, members of the House and Senate Democratic caucuses introduced legislation aimed at mandating a paid sick leave program in Michigan.  The legislation, sponsored by Senate Minority Leader Jim Ananich (D-Flint) and Representative Stephanie Chang (D-Detroit), would allow workers to take earned paid time off to recover from an illness, care for a sick […]

Last week, Lt. Governor Brian Calley led a three-day trade mission to Mexico, departing on February 19 and returning on February 22.  During the trip, he met with automotive and aerospace companies at Automotive Meetings Queretaro, a supply chain oriented business forum that brings together prospective automotive suppliers with major Mexican OEMS and Tier 1 […]

On Thursday, Governor Rick Snyder announced he will lead a seven-day investment mission to Israel.  The focus will be on trade and investments, improving academic cooperation, and exploring opportunities for collaboration on cybersecurity matters.  The mission will depart on Friday, January 27 and return on Thursday, February 2.  “Governor Snyder has long been a proponent […]

For the Michigan Community College Association (MCCA), launching the Michigan New Jobs Training Program (MNJTP) represented a valuable opportunity to incentivize economic development. For those on the outside looking in, the program was perceived as having the potential to require state funds and adversely affecting existing Michigan Economic Development Corporation programs and goals. The MLC […]

This week the non-partisan Senate Fiscal Agency (SFA) released their economic outlook for FY 2015-16, FY 2016-17, FY 2017-18, and FY 2018-19.  Highlights from the report include: The U.S. economy is projected to expand by 1.4% in 2017, 1.3% in 2018, and 2.1% in 2019. The Michigan economy is forecasted to grow 1.3% in 2017, […]

The Research Seminar in Quantitative Economics (RSQE) at the University of Michigan has released their most recent economic forecasts for both the state and the nation.  While this forecast wasn’t presented to state officials, RSQE has presented to the House and Senate Appropriations Committee’s January and May Consensus Revenue Estimating Conferences for decades.  The state […]

On Thursday, November 10, Governor Rick Snyder departed for an eight-day investment mission to China.  The focus of the trip is promoting job-creating business growth and attracting investment in Michigan, plus pushing the state as a tourism destination. While in China, the governor will meet with government officials, industry executives, and key media.  For part […]