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Michigan climbed to a record No.?6 in CNBC’s Top States for Business rankings, propelled by improvements in cost of doing business, infrastructure and workforce development under Governor Whitmer.
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MSU researchers reveal that 2025 tariff hikes disrupted global trade, causing significant challenges for companies and consumers, particularly in Michigan, exacerbating economic hardships for lower-income families and farmers.
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Recent Senate hearings in Michigan revealed that tariffs are significantly affecting local businesses and tourism, causing reduced consumer confidence, shorter tourist stays, and potential job losses across sectors, prompting lawmakers to seek further relief measures.
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At Home Group filed for Chapter 11, eliminating nearly $2 billion in debt while securing $600 million for operations. Restructuring will facilitate new ownership, with 26 stores closing but no impact on Michigan locations or payroll.
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Highline has resumed installations of fiber internet across Michigan’s Thumb, targeting rural homes with reliable, high-speed connections. Orders are now open in Sanilac, Tuscola, Lapeer, and St. Clair counties—ushering in new digital opportunities for work, school, and everyday life.
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Building a successful business in Michigan requires a clear vision, strong leadership, strategic planning, community engagement, and financial stability. By emphasizing adaptability and customer-centric practices, companies can achieve sustainable growth and resilience amid market changes and challenges.
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Stellantis has unveiled an ambitious 2025 strategy, focused on enhancing dealer collaboration, consistent incentives, and comprehensive advertising. Key initiatives include launching a diverse range of new vehicles, including electric models, aimed at boosting sales and customer engagement.
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Creative Studio Promotions & Technology, a woman-owned business in Michigan, has obtained a Gold rating from EcoVadis, placing it in the top 3% globally for sustainability. This achievement recognizes their ethical practices, commitment to sustainability, and significant efforts in recycling and upcycling branded merchandise.
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Michigan’s economy is booming, with projected revenues increasing by $1.68 billion for FY 2025 and 2026. Key factors include low unemployment, high labor participation, and significant GDP growth. Governor Whitmer plans to outline strategies for sustaining this economic momentum at the upcoming Detroit Auto Show.
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From 2000 to 2020, Michigan’s state-backed job programs severely underperformed, delivering only 9% of promised jobs. While billions in subsidies were allocated to businesses, many failed to create any positions, leading to skepticism about the effectiveness and accountability of these initiatives and their political motivations.
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