business leaders for michigan | Michigan Radio
WUOMFM

business leaders for michigan

Businesses in Hamtramck, Michigan
Ian Freimuth / creative commons

A longtime leader in Michigan’s business community is predicting it'll take a while for Michigan’s economy to recover from the COVID-19 pandemic.

Doug Rothwell is the president of Business Leaders for Michigan and a former head of the Michigan Economic Development Corporation. 

On a webinar produced by the Detroit Regional Chamber, Rothwell predicted Michigan’s economy will not have a quick 'V-shaped’ recovery.

Money
Steve Carmody / Michigan Radio

Some businesses are set to get millions of dollars in tax incentives – if Governor Snyder signs a package of bills.

Around the time those bills were going through the legislature, business groups were giving big political action committee donations to some key lawmakers.


steve carmody / Michigan Radio

LANSING, Mich. (AP) - Eight years into Michigan's economic recovery, the fiscal outlook is still unnerving for municipalities seen as ill-equipped to withstand the next recession.

  Despite continued job growth and record auto sales, the state's per-capita personal income lags the national average after a long-lasting downturn. Taxable values of property are below peak levels in 85% of municipalities. And their state aid is down 20% from 15 years ago.