Economy

Economy
11:31 am
Mon July 28, 2014

A look at the changing face of pensions

Credit Flickr - 401(K)_2012

From the Detroit bankruptcy to a high-profile lawsuit against phone giant Verizon, pensions are in the news lately. With all the talk about pensions being frozen, or reduced, or bought out, we wanted to get kind of a “Pensions 101” perspective.

Read more
Economy
1:30 pm
Thu July 10, 2014

From baseball to manufacturing: role of supply chains in global economy

Michigan State University Supply Chain Management Assistant Professor Hakan Yildiz.
Credit msu.edu

One of the biggest developments in world economies in recent years has been Supply Chain Management. Wikipedia defines “supply chain” as a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to costumer.

Read more
Economy
12:34 pm
Tue July 1, 2014

Report alleges disinvestment is costing Michigan

The new report opposes the images of "Pure Michigan," drawing attention to some of the harsh realities faced by many.
Credit Flickr - Mike

“We still have miles to go to rebuild Michigan after years of neglect.” That sentence reflects the findings of a new report from the Michigan Economic Center at the Prima Civitas Foundation.

Read more
Economy
1:34 pm
Thu June 26, 2014

MSU economist maps U.S. cocaine trafficking

MSU professor Dr. Siddharth Chandra has devised a map that tracks cocaine trafficking across U.S. cities. Red circles indicate cities where cocaine is least expensive. These are often hub cities from which cocaine is distributed. Blue circles show destination cities where cocaine is most expensive.
Credit Siddharth Chandra

Last month, a federal judge sentenced a 90 year old Indiana man to three years in prison for his role in transporting more than 1,200 kilograms of cocaine into Michigan. The man’s age spurred new attention to an old problem.  Illegal drug trafficking is an ongoing epidemic across the United States. Now, a Michigan State University professor has created a new way to track the flow of cocaine into the country.

Read more
Economy
1:34 pm
Thu June 26, 2014

State to look at passenger rail from Holland to Detroit

Credit Flickr- Slmnc

Last week, the Michigan Department of Transportation announced that it plans to study the viability of a passenger rail service that would connect Holland, Grand Rapids, Lansing and Detroit. The study has been mandated in the state’s 2015 budget.

Read more
Economy
1:03 pm
Tue May 20, 2014

Lawsuit triggers threat of Flint bankruptcy

Flint struggles with new lawsuit that may end in bankruptcy.
Credit Flickr

Flint is renowned as the birthplace of General Motors and for the prosperity it once enjoyed as “Vehicle City.” More recently, that success has been overshadowed by troubles that have trailed the decline of auto manufacturing such as population loss, blight, crime, drugs, and debt.

Read more
Economy
1:43 pm
Thu May 1, 2014

Michigan looks to attract foreign investment through immigrants

Scott Woosley says the EB-5 Center will have offices in Lansing and Detroit.
Credit Courtesy - http://www.michigan.gov/mshda

Earlier this year in his State of the State address, Governor Rick Snyder emphasized  his administration’s desire to increase immigration to Michigan. Recently, state officials got news that could move the state closer to that goal. Last month, federal customs officials approved the state’s application to launch an initiative that could attract more foreign investment and workers to the state.

Read more
Economy
1:07 pm
Tue April 15, 2014

EL budget aims more spending at roads

East Lansing City Manager George Lahanas says the city is shifting its focus to infrastructure, including streets and sidewalks.
Credit Flickr - Mark Sardella

East Lansing officials are working on the city’s budget for the coming fiscal year. The $32.7 million spending plan features a small millage rate cut for 2015. There will be meetings and public forums on the budget over the next few weeks.

Read more
Economy
1:14 pm
Thu April 10, 2014

New MSU project expected to help create thousands of Michigan jobs

The Food Processing and Innovation Center is raising the funding for the estimated $5.5 million project. It’s expected to consist of a mix of federal and state dollars, along with a commitment from MSU and five industry partners. It will be located on Hewlett Road.
Credit Courtesy - Michigan State University


There are plans to build a new center here at MSU that, if realized, proponents say could have a substantial economic impact on the state of Michigan, including the creation of potentially thousands of new jobs. Current State's Joe Linstroth talked with Chris Peterson, an agricultural economist and the head of MSU’s Product Center, who says there are more than 600 mid-sized food processors in the state of Michigan. Many of these companies’ facilities are maxed out, meaning that if they want to create a new product, they don’t have the capacity to test the product or its manufacturing and packaging techniques to see if it’s economically viable.

Read more
Economy
4:53 pm
Wed April 9, 2014

State prisoner reentry program looks to address unemployment

Russ Marlan of the MDOC says that they have about 43,500 prisoners in Michigan's 31 correction facilities. Releases vary from around 9,000 to 10,000 a year.
Credit Flickr - foreverdigital

Inmates who leave Michigan prisons at the end of their sentences need an array of support services to help them successfully reenter society. The Michigan Prisoner Reentry Initiative was created in 2003 to fulfill that goal. The program has done quite well in the years since, but the state is still seeking ways to improve. The Michigan Department of Corrections is asking service providers to help enhance the post-prison experience for those who’ve served their time.

Read more
Business
3:37 pm
Thu March 13, 2014

City finance expert: Lansing ballpark plan a step forward

Eric Scorsone thinks the development project at Cooley Law School stadium represents a manageable risk for the city of Lansing.
Credit Flickr - mwlguide

It’s hard to tell with all the new snow, but we’re three weeks away from  the “Crosstown Showdown” home opener between the Lansing Lugnuts and the MSU Spartans. Yesterday, Lugnuts owner Tom Dickson and city leaders announced plans for a $22-million development at Cooley Law School Stadium.

Read more
Economy
12:03 pm
Wed March 5, 2014

Pennyslvania offers lessons on clearing road funding hurdles

Pennsylvania's situation regarding roads and politics are similar to Michigan's.
Credit Flickr - chrisUK

With an intense pothole season beginning to unfold in Michigan, debate is intensifying over how to repair and better maintain state roads and highways.

Republican Governor Rick Snyder has favored a longer-term, comprehensive approach that would invest over a billion dollars a year in the effort. However, fellow Republicans in the legislature have withheld support for the tax and fee increases that would fund the Governor’s plan.

Read more
Economy
1:32 pm
Tue March 4, 2014

Lansing organization offers support, training for women in construction

As of 2011, there are approximately 800,000 women working in the construction industry across the country, which is about nine percent of the total workforce.
Credit Flickr - DazMSmith

The National Association of Women in Construction, or NAWIC, has built a support network of more than 140 chapters around the world to assist women in the largely male-dominated construction fields. The organization was founded in 1953 by 16 women working in the construction industry in Fort Worth, Texas. NAWIC’s Lansing chapter became Michigan’s first in 1971.

Read more
Radio Made in Michigan
1:50 pm
Tue January 28, 2014

Coalition working on minimum wage proposal for November ballot

Credit Flickr - athrasher

A coalition of labor and civil rights groups calling itself Raise Michigan has announced its intention to form a ballot campaign committee. It’s a procedural step that could lead to a statewide vote this November on raising the minimum wage, which in Michigan is currently $7.40 an hour.

Read more
Radio Made in Michigan
11:46 am
Mon January 27, 2014

MSU economist highlights drawbacks of Balanced Budget Amendment

MSU economist Charley Ballard
Credit www.msutoday.msu.edu/

Current State's discussion on a proposed Balanced Budget Amendment continued with MSU economist Charley Ballard.

Read more
Radio Made in Michigan
11:26 am
Fri December 20, 2013

Optimism in the face of lost jobless benefits

Daphne Whitfield is a staff volunteer at Tabernacle of David in Lansing. She's one of nearly 45,000 Michigan residents who will lose their federal unemployment insurance benefit on Dec. 28. Whitfield says she's undeterred by the loss. She's a full-time student and is planning to launch her own clothing business soon.
Credit Kevin Lavery/WKAR

The holidays can be a stressful time in and of themselves, but some  Michigan residents are bracing for more difficulty.  About 45,000 people in the state who are currently receiving unemployment insurance through a federal extension program will lose that benefit by the end of the month.

Read more
Radio Made in Michigan
11:26 am
Mon December 16, 2013

Current funding for higher education called 'unsustainable'

Beaumont Tower at Michigan State University
Credit Flickr - schopie1

Since 2008, the state legislature has cut funding for its 15 public universities by a whopping 32%, the 13th highest in the nation according to a report issued earlier this year by the Center on Budget and Policy Priorities in Washington, D.C.

Read more
Radio Made in Michigan
11:23 am
Mon November 4, 2013

Home Buyers Club puts Lansing area residents on path to home ownership

Credit Flickr - hood420

Buying a home is fraught with difficult decisions, and navigating the process can be daunting. For potential homebuyers in the Lansing area, there’s at least one place to get some help: The Home Buyers Club.

Read more
Radio Made in Michigan
1:17 pm
Tue September 24, 2013

Current State #165 | September 24, 2013

Today on Current State: Canada and Michigan seek to strengthen economic ties; the anniversary of the last execution in Michigan; our first Great Lakes Month in Review segment; our Detroit’s Water Renaissance series: The Rouge River part two; and a book about family secrets is the next "Great Michigan Read".

Read more
Radio Made in Michigan
1:47 pm
Mon August 26, 2013

‘Keep GM’ documentary in the works

The Oldsmobile Alero was the last car the Detroit automaker planned to send to Lansing to build
Credit Monica Reida / Flickr

 

If you lived in the Lansing area in the second half of the 90's, you probably remember billboards and bumper stickers shouting "Lansing Works" and "Keep GM."  It was part of an aggressive campaign to persuade General Motors from cutting back, and possibly ceasing operations in Lansing.  Up to 7,000 jobs in the city were at risk.  

Read more
Radio Made in Michigan
5:41 pm
Thu June 27, 2013

Fighting to keep college graduates in Michigan

Credit Flickr

A key focus of strengthening Michigan’s economy  has been trying to retain more of the state’s college graduates.

Read more
Radio Made in Michigan
2:26 pm
Mon May 20, 2013

Timebanks foster community building

 Originally aired on March 12, 2013. 

Read more
Radio Made in Michigan
3:32 pm
Tue March 12, 2013

Timebanks foster community building

Timebanks have been cropping up in cities  across the country. Very loosely, participants trade work hours in an effort to build a better community. Of course, there’s much more to it than that, and Edge Brussel, coordinator of the new Lansing Timebank, as well as Stephanie Rearick, co-director of the thriving Dane County Timebank in Madison, Wisc., tell us what’s involved.

Economy
4:00 pm
Thu February 21, 2013

Michigan Economic Center report surveys attitudes toward public spending

John Austin discusses MEC's survey results about public spending.
Credit MLive

The Michigan Economic Center has released the results of a new survey with some attention-getting  numbers in it.  The MEC’s “Michigan Dream Restored” project  studied attitudes toward “public goods” -- all the things that our tax dollars pay for -- and asked hundreds of Michigan residents how important those public goods actually are in terms of  stimulating the Michigan economy.    

Read more
Economy
2:56 pm
Wed February 20, 2013

With Detroit facing emergency management, Flint leaders share their experience

A report released Tuesday afternoon by the Detroit emergency review team all but clears the way for Governor Snyder to appoint an emergency manager to take over the city’s finances. This scenario is nothing new to Flint, where, in late 2011, Governor Snyder appointed Michael Brown as emergency manager.  

We speak with Brown, as well as Flint Mayor Dayne Walling, about what the experience is like and what Detroit officials can learn from it.

Read more
Economy
3:14 pm
Mon February 18, 2013

Detroit's financial woes may lead to drastic action

In response to Detroit's ongoing financial woes, Governor Rick Snyder is expected to appoint an emergency manager.
Credit Courtesy of Patricia Drury (Wikimedia Commons)

State officials and many in southeast Michigan have been keeping a very close eye on financial reports coming out of Detroit.  Sunday's Detroit Free Press reported that an emergency financial report completed late Friday suggests an emergency manager is inevitable.  The report found the city’s deficit continues to grow even after some degree of state oversight for more than 10 months.  

Free Press reporter and columnist Nancy Kaffer joins us to explain one of the biggest, ongoing stories in Michigan.

Read more
Economy
2:22 pm
Mon February 11, 2013

Lansing business news with MLive's Angela Wittrock

MLive's Lansing beat reporter Angela Wittrock joins us every Monday for a rundown of the latest news about the local economy, business and development. 

Read more
Economic Evolution in the Great Lake State
5:35 pm
Sun March 18, 2012

reWorking Michigan: Task Force Sets Out to Revitalize Former GM Properties

Starting in 2005, General Motors closed several of its mid-Michigan factories, including Lansing Car Assembly and the Craft Centre.  The economic blow was devastating to thousands of families who had given generations of service to America’s auto industry.  Now, a new task force is working to bring families, businesses and neighborhoods together to plant new seeds in those vacant brownfields.

Read more
NewsRoom
3:42 pm
Wed March 14, 2012

Task Force to Create Strategies for Former Auto Plant Redevelopment

A new task force will devise strategies for bringing more automotive manufacturing to the Lansing area, and redeveloping former General Motors properties that have been idle for years. 

Read more
NewsRoom
12:00 am
Tue March 6, 2012

Turkey Visit Sparks Unexpected Activity at EL’s Prima Civitas

 delegation of East Lansing-based economic developers recently returned from an encouraging visit to Istanbul.  

Read more

Pages