For decades, sluggish tax revenue and difficult funding decisions defined Michigan’s state government budgeting process.
Detroit business owner Joyell Lewis on Thursday applauded the launch of the new $10 million Michigan Economic Opportunity Fund (MEOF), a microbusiness loan program for women and entrepreneurs of color in Michigan, led by Michigan Women Forward (MWF).
When the Federal Reserve convenes at the end of January 2023 to set interest rates, it will be guided by one key bit of data: the U.S. inflation rate.
A Department of Commerce statement, released on Thursday, January 26, reported fourth quarter and year-end preliminary findings on the US economy.
The Bureau of Labor Statistics released a report on Tuesday, January 24 with preliminary unemployment and jobs data from December.
Michigan is slated to be one of the top states in the U.S. to manufacture electric vehicle batteries by 2030, according to a recent report.
According to the latest Business Formation Statistics report, Michigan saw a small increase in business applications in October compared to September, though job numbers have essentially remained the same year-round at around 11,400 applications.
Michigan has the 10th highest gas prices in the country right now with an average gas price of $4.21.
According to the US Department of Transportation, Michigan will receive a total of $110,061,712 over the next 5 years for the development and expansion of electric vehicle infrastructure.
Borrowers of federal student loans have been expecting debt relief since President Joe Biden unveiled a $10,000 forgiveness proposal in late August.