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PNC Chief Economist Gus Faucher: FOMC Leaves Rates Unchanged for Second Straight Meeting,

Michigan Business Network
November 1, 2023 4:00 PM

But Maintains Tightening Bias
  • As expected, the FOMC kept the federal funds rate unchanged.
  • The statement maintained a bias toward further rate hikes, consistent with the last dot plot.
  • The statement noted “tighter financial conditions” and continued strength in the economy.
  • PNC expects the FOMC to keep the fed funds rate unchanged into 2024.
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Gov. Whitmer Urges Michiganders to Take Advantage of Health Care Savings During Health Insurance Marketplace Open Enrollment Period

Michigan Business Network
November 1, 2023 11:00 AM

Open Enrollment for 2024 health insurance runs from November 1, 2023 through January 15, 2024 

LANSING, Mich. - Today, Governor Gretchen Whitmer and Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox are kicking off the annual Health Insurance Marketplace open enrollment period by reminding Michiganders that they may qualify for low- and no-cost coverage and free local assistance is available to help them get the insurance coverage they need.

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MEDC, Michigan State University and Lansing Community College Announce Major New Expansion of Semiconductor Education and Training Programs in Capital Region

Michigan Business Network
October 31, 2023 11:00 AM

MEDC hails $3.6 million statewide partnership as largest investment in Michigan history to promote cutting-edge learning and high-paying, high-tech career opportunities in surging semiconductor industry with a focus on Greater Lansing students in underserved communities

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City of Bridgman Voted Winner of Statewide Community Excellence Award

Michigan Business Network
October 30, 2023 6:00 PM

Traverse City, Michigan – The city of Bridgman was voted the winner of the 2023 Community Excellence Award (CEA) – the most prestigious Michigan Municipal League community honor. 

Bridgman is a small beach town located along the coast of Lake Michigan. It is a part of Berrian County and located in the southwestern part of the state. For additional information on City of Bridgman’s project, visit their page on our CEA website: The Bridgman Courtyard.

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Automation Alley | Doing Business in Australia & New Zealand + More Industry Events

Michigan Business Network
October 30, 2023 11:00 AM

Doing Business in Australia and New Zealand

December 14, 2023 Trade Mission Event



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Governor Whitmer on UAW Reaching Tentative Agreement with Stellantis

Michigan Business Network
October 30, 2023 8:00 AM

LANSING, Mich. – Late Saturday, Governor Gretchen Whitmer released the following statement after the United Auto Workers (UAW) agreed to a tentative agreement with Stellantis.   

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Gov. Whitmer Announces Over 70,000 Unserved Michigan Homes, Businesses to Connect to High-Speed Internet Through $203M in First Round of Grant Awards

Michigan Business Network
October 27, 2023 5:00 PM

First round of ROBIN awards to provide accessible, affordable high-speed internet access to unserved Michiganders across the state  

LANSING, Mich. – Thursday, Governor Gretchen Whitmer and the Michigan High-Speed Internet Office (MIHI) announced $203 million has been awarded in the first round of the Realizing Opportunity with Broadband Infrastructure Networks (ROBIN) grant program to connect over 70,000 unserved Michigan homes and businesses to high-speed internet.   

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PNC Chief Economist Gus Faucher: Big Jump in Consumer Spending in September, With Slower Income Growth;

Michigan Business Network
October 27, 2023 3:00 PM

Core Inflation Picks Up
  • Consumer spending rose 0.7% in September, with an increase in after-tax income of 0.3%. The strong labor market continues to support consumer spending gains.
  • Year-over-year inflation slowed in September but remains well above the Federal Reserve’s 2% objective.
  • The most likely outcome is a mild recession in 2024.
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PNC Chief Economist Gus Faucher: GDP Growth of Almost 5% in Third Quarter,

Michigan Business Network
October 27, 2023 1:00 PM

The Job Market Remains Very Tight Albeit Better Balanced between Supply and Demand 

Real GDP increased 4.9% at an annualized rate in the third quarter, according to the advance estimate from the Bureau of Economic Analysis. This was up from 2.1% in the second quarter and was the strongest quarter for economic growth since the fourth quarter of 2021.

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Governor Whitmer, Others, Celebrate Senate Passage of Clean Energy Package

Michigan Business Network
October 27, 2023 7:00 AM

Legislation called for in What’s Next Address will lower costs, create jobs, protect air, water, and health while facing climate change head on and making Michigan a national leader  

LANSING, Mich. —Governor Gretchen Whitmer issued the following statement after Senate passage of the clean energy legislative package, Thursday, that will lower costs, create jobs, shore up energy independence, and help Michigan face climate change as a national leader.

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