Economy

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.

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.

State to look at passenger rail from Holland to Detroit

Jun 26, 2014
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.

Lawsuit triggers threat of Flint bankruptcy

May 20, 2014
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.

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.

EL budget aims more spending at roads

Apr 15, 2014
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.

New MSU project expected to help create thousands of Michigan jobs

Apr 10, 2014
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.

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.

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.

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