Business

Michigan lawmakers are looking at how to get online retailers to collect state sales taxes.

Currently, shoppers are supposed to report any sales taxes they owe on online purchases, and pay them with their income tax.

But most people don’t.

State Representative Eileen Kowall’s bill would put the responsibility on the online retailer.   She’s quick to say this is not a tax increase, just making sure that the taxes that are owed are being paid.

Kowall says the current system puts Michigan’s ‘bricks and mortar’ retailers at an unfair disadvantage.

Jackson National Life Insurance Company says it plans to spend $100 million on a new office complex in Lansing.

The life insurance and annuities company is headquartered in the capital city.

The expansion will add a thousand jobs of all types.

Mike Wells is Jackson National’s president. He says their growing business has outgrown the complex they built a decade ago.

“We now have twice the employees we had in Michigan,” says Wells, “we have outgrown our space.”

Detroit and other cities in Michigan are turning to businesses to help pay for schools that provide a wide variety of services to students and their families.

Today JPMorgan Chase announced it will donate one and a half million dollars to pay for three “wraparound’ schools in Detroit.

Detroit schools emergency manager Roy Roberts says the idea recognizes that students won’t succeed without support at home.

“When we sat with students, one of the things students said to us was, can you help us teach our parents to be parents? Now you think deeply about that. That’s deep stuff. So we’re going to do everything we can. You’ve got parents with two jobs, two people working, broken families. We’ve got a lot of issues.”  

Roberts says the services can include parenting training, help finding a job, and counselors who are available around the clock.

Governor Rick Snyder was on hand for the announcement. Snyder says he wants businesses to become more directly connected to schools.

Whenever there's a conversation about looking for ways to generate ideas, business buzz and jobs, that conversation includes Grand Rapids.

Yesterday on Stateside, we noted that Grand Rapids was number four on a Forbes Magazine list of Best Cities in America to find a job.

In April 2012, Grand Rapids was in the news when ArtPrize founder Rick DeVos launched an "idea incubator" called Start Garden. The $15 million seed accelerator fund based in Grand Rapids was created to help launch more than 100 new business ideas each year.

A venture capital fund backed by the DeVos family has invested $2.3 million dollars in start-up companies in the past year. The money went to 106 different ideas or projects.

The fund is called Start Garden. It was created nearly a year ago by Amway co-founder Richard DeVos’ grandson Rick DeVos, who’s also an entrepreneur (and founder of ArtPrize). He gave an update on the fund this morning.

Exciting things are happening in downtown Detroit, and there’s a plan to keep up the positive momentum.

That’s the scenario the Downtown Detroit Partnership laid out at its annual lunch Wednesday.

The DDP outlined its vision for a dense, vibrant downtown Detroit of 2016.

The group is made up some of Detroit’s biggest business leaders. They’re putting money behind incentive programs and other projects to draw more residents and employees downtown.