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About / News / Economic

Detroit economic outlook remains optimistic, UM report says

Posted By: The Detroit News on February 2, 2024.  For more information, please click here to read the source article. Despite elevated interest rates posing challenges for Detroit’s mortgage and auto manufacturing industries, the city is expected to see economic growth pick up later this year and continue at a steady pace for the next few years, University […]

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Business leaders more optimistic on Michigan, but challenges remain

Posted By: The Detroit News on January 16, 2024.  For more information, please click here to read the source article. Sector leaders in Michigan showed modestly increasing optimism in the economic outlook and that Michigan is a good place to business, according to annual survey results from Ann Arbor’s Baker Strategy Group. The state posted improvement in four […]

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Prime location attracts businesses to Rossford

Posted By: The Blade on October 24, 2023.  For more information, please click here to read the source article. Location, location, location — Rossford has it, and businesses want it, the city’s mayor says. At Monday’s meeting, Rossford City Council voted to approve the rezoning of 5.4 acres from planned commercial to planned industrial. The properties, which are […]

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U-Turn Permitted: Companies Rethinking Office Abandonment After RTO Mandates

Posted By: BISNOW on August 29, 2023.  For more information, please click here to read the source article. With more businesses implementing return-to-office mandates and adding more teeth to those they have in place, some of the country’s best-known companies are doing something large enterprises don’t like to do: They’re reversing course. It’s not the full-fledged return to the […]

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Toledo readies for more and faster trade promised by Gordie Howe Bridge

Posted By: Toledo Blade on September 10, 2023.  For more information, please click here to read the source article. The new Gordie Howe International Bridge is still nearly two years from completion. But already anticipation is building in northwest Ohio for the new $4.4 billion international crossing promising to smooth passenger vehicle and commercial truck traffic between Detroit […]

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Port of Toledo drives 7,971 jobs, $906 million in annual economic impact

Posted By: The Toledo Blade on August 10, 2023.  For more information, please click here to read the source article. Freight in and out of the busy Port of Toledo means 7,971 direct and indirect jobs to the region and $906.2 million in annual economic impact, a new maritime shipping study shows. Those numbers are up substantially from […]

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U-M Report: Oakland County Economy Projected to Rebound

Posted By: DBUSINESS on May 8, 2023.  For more information, please click here to read the source article.   Oakland County’s economy is expected to return to normal this year and has a “solidly positive outlook” over the next few years, according to a new report from economists at the University of Michigan in Ann Arbor. As one […]

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JPMorgan Chase’s Al Brooks Gives His 2023 Midyear CRE Outlook

Posted By: Commercial Observer on May 1, 2023.  For more information, please click here to read the source article.   Economic uncertainty remains high for commercial real estate through the rest of 2023. There are plenty of big questions, including the interest rate environment and the future of office space. But there are also positives: Multifamily and industrial […]

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Michigan, Metro Detroit outpaced nation in economic recovery, report says

Posted By: The Detroit News on February 8, 2023.  For more information, please click here to read the source article. Michigan and Metro Detroit have outpaced the nation’s economic recovery in the wake of COVID-19, according to the Detroit Regional Chamber’s State of the Region report released Wednesday. “Starting in the summer of 2020, the Detroit region and […]

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Work starts on luxury apartment, retail complex near Toledo Hospital

Posted By: The Toledo Blade on November 27, 2022.  For more information, please click here to read the source article.   A project to build a luxury apartment and retail complex in Toledo’s former Colony area, near ProMedica Toledo Hospital, is finally moving forward. Work on the $45 million project, on a nearly 11-acre lot off Central and […]

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Michigan Strategic Fund Approves Projects Totaling 1,869 Jobs, $550M in Investment

Posted By: DBUSINESS on October 26, 2022.  For more information, please click here to read the source article.   The Michigan Economic Development Corp. (MEDC) in Lansing announced Michigan Strategic Fund (MSF) approval of a wide range of new projects, that, in total, could create 1,869 jobs and generate more than $550 million in investment in the state. […]

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Oakland County municipalities seeing big economic benefits from marijuana sales

Posted By: The Oakland Press on July 11, 2022.  For more information, please click here to read the source article.   For some Oakland County communities, the economic windfall promised when recreational marijuana was legalized statewide is coming true. State data shows that some are seeing big returns and officials say the investments are paying off. Take Hazel Park. […]

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Oakland County Land Bank Launches to Support Economic Development

Posted By: DBUSINESS on July 8, 2022.  For more information, please click here to read the source article.   The Oakland County Land Bank has been launched to support economic development and help revitalize communities and neighborhoods. “The Oakland County Land Bank Authority enables us to expand our economic development toolkit so that we can directly address property […]

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Sylvania gears up for construction, including ‘transformational project’ downtown

Multiple road projects are underway, beginning, or ending soon in Sylvania, with plans for new streetscapes, reconstructions of intersections, and upgrades to aging infrastructure. Officials are starting the design process for a new and updated streetscape on Main Street, Sylvania Mayor Craig Stough said on Thursday, and it’s possible that project could connect with the […]

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Whitmer OKs extending development tax incentives by 5 years

Michigan developers with “transformational” plans to redevelop brownfield sites can continue to seek tax incentives after Gov. Gretchen Whitmer and the Legislature extended the program for an additional five years. The state’s economic development board can approve new projects through 2027, instead of 2022, under a bill signed last week. The law, which was enacted in 2017, […]

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6 Michigan Industries With A Good Economic Outlook

Knowing which industries have a good economic outlook can help you to make savvy career choices. Whether you’re starting out or you’re thinking about your next promotion, choosing a sector or specialty that’s primed for growth can provide you with job security and lucrative opportunities. Similarly, if you’re a budding entrepreneur and you dream of […]

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