Economy

Flickr - Carl Malamud

Last week we learned that e-commerce sales on Cyber Monday 2014 topped $2-billion. That’s up more than 15-percent over last year. Big box giant Walmart and online powerhouse Amazon saw sizeable surges in their bottom lines. But the reports are not welcome news for everyone, including traditional brick and mortar retailers in Michigan.

Kevin Lavery/WKAR

Michigan’s long winter months can give anyone the blues, but it’s an especially dangerous time for the homeless. Hundreds of people in mid-Michigan live on the streets, and their circumstances are diverse. In Lansing, officials are so far pleased with the results of a pilot program to move 11 people out of a makeshift camp and into permanent housing.

MI manufacturing industry seeks to close skills gap

Nov 20, 2014
www.camw.org/

The Lansing area, like much of Michigan, has been shaped by manufacturing. But the industry has taken a beating in the past 13 years. The state has lost hundreds of thousands of manufacturing jobs since 2001. After years of cuts, though, the industry is starting to make a comeback here in mid-Michigan.

Courtesy © General Motors

Cadillac has unveiled the next model that General Motors will build in Lansing. GM is showing off the new ATS-V at the Los Angeles Auto Show this week.

Advocates say homelessness shouldn't be a crime

Nov 13, 2014
http://mihomeless.org/

A group of pastors and volunteers for a local non-profit in Ft. Lauderdale are facing jail time and hundreds of dollars in fine after a run-in with police last week. Their crime? Passing out food to the homeless in a city park. Advocates for the homeless says these kinds of ordinances are part of a larger trend of cities criminalizing the activities of homeless people. Here in Michigan, a number of cities have ordinances restricting vagrancy and panhandling.

Courtesy Parkbelt Drive residents

Back in August, we brought you the story of an online fundraising effort aimed at bringing in enough money to pay for the demolition of a single burned-out house in Flint. Gordon Young is a Flint expat and author of “Teardown: Memoir of a Vanishing City”. His idea was simple: while Flint has hundreds of abandoned homes, and some neighborhoods suffer mightily from such blight, he wanted to find a house that needed tearing down in an otherwise well maintained neighborhood, one where the demolition would improve the neighborhood’s chances of thriving into the future.

Flickr - Bernt Rostad

Last week, the Michigan Department of Transportation along with Indiana and Illinois presented a proposal for passenger rail improvements on the Detroit to Chicago line. When running on time, the "Wolverine Line" takes riders from the Motor City to the Windy City in about five and a half hours. New plans hope to cut travel time considerably, and increase ridership significantly.

What are the Lansing area’s future transportation needs? Three times this week, that’s been the topic of public forums in Ingham, Eaton and Clinton counties. The Tri County Regional Planning Commission is holding a fourth forum this evening in Lansing.

glhc.org

Federal officials consider housing “affordable” when it costs less than 30-percent of its residents’ income. By that measure, affordable housing is outside the reach of more than 60,000 families in Ingham, Clinton and Eaton counties, according to the U.S. Census Bureau. As of this morning, there’s a new game plan for to increase quality, affordable housing in the Lansing area.

The housing market in Michigan is much healthier today than it was four years ago.  Foreclosure rates have been declining in that time, though there was a slight uptick in filings in July.

Courtesy - Lansing Economic Development Corporation

Today we look at how economic incentives are used in the Lansing area. There is fierce competition out there among cities and communities, not just in Michigan but across the country, to attract new businesses that will bring jobs and economic growth. This competition often gives companies the upper-hand when asking for tax abatements and other incentives from local taxpayers. But just how much should Lansing give up in tax revenue for, say, 1000 new jobs? And once that deal is made, how are the numbers tracked to see if, indeed, those new jobs have materialized? What are the consequences if they don’t?

Courtesy - "Fight Blight and Spur Revival in Flint, Michigan"

It’s no secret that Flint has been ravaged by blight and neglect over the past couple of decades. Hundreds, if not thousands, of abandoned homes are scattered across the city. While Flint’s problems are pretty daunting when viewed all at once, one former Flint resident has decided to help out by focusing on a single, burned-out, abandoned house.

A look at the changing face of pensions

Jul 28, 2014
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.

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.

Report alleges disinvestment is costing Michigan

Jul 1, 2014
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.

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