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Business
11:38 am
Sun March 31, 2013

Michigan processes shorter corporate tax returns

LANSING, Mich. (AP) - Michigan says the new corporate income tax returns it's processing are much shorter in length than other business tax returns.

The state Department of Treasury says the returns submitted to date average 17 pages. That's 41 fewer pages than the average Michigan Business Tax return.

The Corporate Income Tax approved in 2011 took effect for the 2012 tax year. Some businesses still file an MBT return because they qualify for certain tax credits.

The state says some MBT returns are longer than 1,000 pages.

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Business
2:28 pm
Fri March 29, 2013

Detroit may see major downtown improvements

Dan Gilbert, Quicken Loans Founder and CEO
Credit Quicken Loans
Gilbert says major improvements coming for Detroit.

A story by Detroit Free Press Business writer, John Gallagher outlines a host of improvements and attractions coming to Detroit. Quicken Loans founder and Chairman Dan Gilbert described the high points of his vision:

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Business
9:06 pm
Thu March 28, 2013

UAW says membership crept up in 2012

United Auto Workers

DETROIT (AP) - The United Auto Workers union says its membership has edged up in the past year after decades of contraction with the shrinking of U.S. auto industry employment.

The Detroit-based union says it reported its 2012 membership figure to the U.S. government Thursday.

The UAW says it had 382,513 members last year, up from 380,716 in 2011. That's an increase of 1,797, or 0.5 percent.

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Business
5:14 pm
Sun March 24, 2013

Postal workers protest end to Saturday service

Credit usps.com

Hundreds of postal workers who oppose plans to cut home delivery from six days to five have picketed outside U.S. Postal Service offices in Michigan.

The Detroit News says about 600 people marched in protest Sunday at a post office in suburban Southfield.

MLive.com says about 100 postal workers from around the state demonstrated Sunday in Grand Rapids. They carried signs and waved at passing cars.

The signs included the messages "Save America's Postal Service" and "5-Day Is the Wrong Way to Save the Postal Service."

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Business
11:04 am
Thu March 21, 2013

Founder of Michigan-based Hungry Howie's pizza chain dies at 72

Credit Facebook

The founder of a pizza company launched in Taylor 40 years ago has died. 

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Business
1:35 pm
Tue March 19, 2013

Before and after photos of Traverse City's converted mental hospital

Update: Tours now available of untouched building

Saw an article by Matt Troutman  of the Traverse City Record-Eagle where he reports that tours through the last remaining undeveloped portion of the former state mental hospital and its labyrinth of tunnels are now available.

People lucky enough to land a spot on a tour will start in the Mercato and walk outside toward the north wing of Building 50. Many of the patient rooms are open for exploration, though people are warned to be aware of the peeling lead paint and must put protective covers over their shoes.

Once outside Building 50, the tour will go underground into the brick-lined tunnels that stretch beneath the hospital. The tour ends where it started: inside the new, redeveloped portion of Building 50.

Future tour dates will be announced on The Village at Grand Traverse Commons Facebook page. They cost $25, with the proceeds going toward maintaining and replanting the former arboretum.

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The transformed Northern Michigan Asylum has been up and running as the Village at Grand Traverse Commons for several years.

Ray Minervini has been working on restoring the old state mental hospital for more than a decade.

You could call it a mega-fixer-upper.

Minervini told us back in 2006 that the work being done on the site "equates to the largest rehab project for sure in the Midwest."

The former state mental hospital in Traverse City is a castle-like compound of about 27 buildings.

They were closed in 1989 and vacant for a decade after.

In 2002, Minervini bought all 63-acres of the property for just $1.

After putting in over $60 million, it's now a showpiece for the area. Once it's complete, the owners expect that approximately 1,800 people will live or work there.

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Business
11:31 am
Sun March 10, 2013

Hey, look what I made! No, really, look!

Credit University of Michigan Medical School

Let's say a researcher designs a product that could save someone's life. Without money and backing from the National Institutes of Health or the National Science Foundation, that invention probably won't go anywhere.

Medical innovators at the University of Michigan now have a better chance of getting their products to market with a $7.5 million joint venture with the Michigan Economic Development Corporation.

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Stateside
5:17 pm
Mon March 4, 2013

CEOs want to see more post-secondary education in Michigan

Deciding where and how to spend money. It is a major part of the decisions made by top business executives.

There are 70 CEO's who have come together in West Michigan to set up a system of investment in human capital in their future employees.

They've named their effort "TALENT 2025," and they want to see 60 percent of the region's workforce achieve a post-secondary degree by 2025.

The President of TALENT 2025, Kevin Stotts, talked with Cyndy from Grand Rapids.

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