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Economic Development

Statements from MEDC on Passage of Key Components of the 'Make It in Michigan' Economic Development Toolkit

Michigan Business Network
December 21, 2024 8:30 AM

Today, the state Legislature passed a new R&D Tax Credit and Innovation Fund to support greater economic opportunities in the state through the 'Make It in Michigan' economic development toolkit. In response, MEDC leadership issued the following statements:

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Senator Peters Urges Commerce Department to Finalize New Rule to Protect National Security and Secure U.S. Automotive Supply Chains

Michigan Business Network
December 21, 2024 8:00 AM

Recently Announced Rule Would Ban Chinese-Controlled Vehicles and High-Risk Technologies to Protect American Consumers and Companies Against National Security Threats.

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Detroit Auto Show Announces Modded Detroit Partnership

A Shunpiker's Journal
December 20, 2024 3:00 PM

Showcasing Motor City’s Auto Enthusiast Community 

  • 150+ “modded” vehicles on display in partnership with Modded Detroit
  • A collaboration that spotlights Metro Detroit auto enthusiasts
  • Enthusiast collections featured in The Gallery and on the River Level  
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Michigan Corners | Janet Korn - Experience Grand Rapids!

Michigan Corners
December 20, 2024 2:00 PM

Vic Verchereau welcomes Janet Korn, who is the Sr. Vice President for Experience Grand Rapids.

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PNC Economics: Moderate Growth in Consumer Incomes and Spending in November,

Michigan Business Network
December 20, 2024 1:00 PM

With Low Inflation

*       Personal income rose 0.3% in November, with after-tax income also up 0.3%.
 
*       Consumer spending rose 0.4% in November.
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Stabenow Announces Senate Passage of the Water Resources Development Act

Michigan Business Network
December 20, 2024 11:00 AM

Water Resources Legislation Passed the Senate and will Stop Invasive Carp, Prevent Coastal Erosion and Flooding, and Improve Waterway Navigation

WASHINGTON – U.S. Senator Debbie Stabenow (D-MI), a member of the Senate Committee on Environment and Public Works, secured major wins for Michigan in the bipartisan Water Resources Development Act, which passed the Senate last night.

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Peters Meets with Intended Secretary of Transportation Nominee Sean Duffy

Michigan Business Network
December 19, 2024 4:00 PM

to Discuss Michigan Priorities

WASHINGTON, DC –– U.S. Senator Gary Peters (D-MI), a member of the Senate Committee on Commerce, Science, and Transportation and Chairman of the Subcommittee on Surface Transportation, Maritime, Freight and Ports, released the following statement after meeting with former U.S. Representative Sean Duffy, President-elect Trump’s intended nominee to serve as Secretary of Transportation:  

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PNC Economics: Modest Upward Revision to GDP Growth in Q3;

Michigan Business Network
December 19, 2024 1:00 PM

Economy Is Strong at the End of 2024

*       Real GDP growth in the third quarter was revised higher to 3.1% in the third estimate, from 2.8%. Growth over the past year was 2.7%.
 
*       There was a downward revision to growth in real domestic income, to 2.0% from 2.1%.
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Senate Passes Peters Bipartisan Bill to Bolster FEMA Workforce Planning, Protect Communities from Natural Disasters

Michigan Business Network
December 19, 2024 12:00 PM

WASHINGTON, D.C. – The Senate has passed bipartisan legislation authored by U.S. Senator Gary Peters (MI), Chairman of the Homeland Security and Governmental Affairs Committee, directing the Federal Emergency Management Agency (FEMA) to create a plan for the agency to effectively manage its workforce so that they are well-equipped to help communities deal with natural disasters. FEMA has faced challenges deploying staff with the proper training and skills needed to best address different natural disasters across the country.

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Detroit Auto Show Announces Dynamic Portfolio of Speakers for Mobility Global Forum

A Shunpiker's Journal
December 19, 2024 8:00 AM

Global OEMs, Startups, Tech Companies, Industry Trade Organizations, Non-Profits and the Public Sector

DETROIT (DEC. 18, 2024) – The Detroit Auto Show yesterday announced a diverse group of industry, talent and tech voices will be speaking at the Mobility Global Forum (MGF) on Jan. 15-16, including President and CEO of Alliance for Automotive Innovation John Bozzella; Chief Mobility Officer for the State of Michigan Justine Johnson; Toyota Motor North America Group Vice President of Technical Resources Jeff Makarewicz; and Dunamis Charge Founder and CEO Natalie King, to name a few.

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