Michigan business news

Detroit Homeowner Wealth Surges by $700 Million in 2023

News Summary Homeowners in Detroit have gained an incredible $700 million in wealth this year, continuing a decade-long trend that…

1 month ago

Michigan Customers Face New Electricity Rate Hike

News Summary Michigan residents will see a 2.8% increase in electricity rates as Consumers Energy receives approval for a $154…

1 month ago

Michigan Residents Brace for Electric Rate Hike

News Summary Michigan residents are preparing for an increase in their electric bills, beginning April 4, as the Michigan Public…

1 month ago

Consumers Energy Receives Approval for Rate Hike in Michigan

News Summary The Michigan Public Service Commission has approved a $154 million rate hike for Consumers Energy, meaning residents will…

1 month ago

Decatur’s Special-Lite Inc. Expands with State Support

News Summary Special-Lite Inc. in Decatur, Michigan, has secured a $250,000 grant to support its $15.7 million expansion project, which…

1 month ago

Michigan Sets Record in Agriculture Exports – $2.9 Billion in 2024!

News Summary Michigan has achieved a remarkable milestone in 2024, with agricultural exports totaling $2.9 billion, marking a significant increase…

1 month ago

Michigan’s Agricultural Exports Reach Nearly $3 Billion

News Summary In 2024, Michigan's agricultural exports have surged to an impressive nearly $3 billion, marking a substantial increase from…

1 month ago

Michigan’s Cannabis Prices Drop Significantly

News Summary The recreational cannabis market in Michigan is experiencing a major shift as prices tumble, with the average retail…

1 month ago

Forever 21 Closes Multiple Stores in Michigan Amid Bankruptcy

News Summary Forever 21 has announced major store closures across the United States, including nine locations in Michigan, following its…

1 month ago