Economy

The Energy Optimization program created in 2008 and renewed in 2016 ends December 31st.

The Michigan Public Service Commission reduced the utility company's requested rate hike by 88%.

The initiative campaign to increase Michigan’s minimum wage took another step Tuesday toward putting a question on the 2022 ballot.

Kellogg Company employees have voted to ratify a tentative labor contract at the company's four U.S. cereal plants.

Governor Gretchen Whitmer signed bills Monday to create new economic development funds totaling almost $1.5 billion. The larger $1 billion dollar fund would target big projects. The $500 million fund would be directed toward small businesses.

Like so many things in our COVID world, getting a clear picture of our economic health is, well, complicated. We checked in with University of Michigan economist Justin Wolfers to help break it down.

Legislation has been sent to Michigan Gov. Gretchen Whitmer that would increase the number of small businesses exempt from paying personal property taxes. Local governments are concerned the loss of revenue won't be reimbursed by the state.

The Legislature worked into the night to adopt a complex and controversial business-attraction plan. Its centerpiece is a $1 billion dollar fund that would be used for incentives, especially to win electric vehicle factories.

“Ports in Michigan and across the Great Lakes and St. Lawrence Seaway system are ready made relief valves that are currently underutilized,” said U.S. Sen. Gary Peters (D-MI).

Members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union in four states, including Michigan, hit the picket line more than two months ago.