Economy

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.

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.

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