Michigan Economy
11 storiesTypical coverage includes statewide data stories, economic analysis, policy explainers and trend reporting, with attention to consumer spending and economic forecasts. In Michigan Economy, follow-up centers on the next verifiable decision or milestone.
Michigan LIFT Targets $1 Billion in New Supplier Business
Michigan LIFT will connect manufacturers with buyers, financing, public resources and workforce support across priority industries. Ford hopes to direct up to $1 billion in business to innovative suppliers over the next decade.
Hyperscale Data to spin off Patriot BTC for Bitcoin mining operations
Hyperscale Data plans to set up Patriot BTC as a separate company for its Bitcoin mining, splitting it from its Michigan AI data center business. The move aims to give each side clearer oversight and more options for the future.
Detroit Tigers ballpark to be renamed Fifth Third Park after major bank merger
Comerica Park will get a new name-Fifth Third Park-after the Detroit Tigers and Fifth Third Bancorp struck a deal following a $10.9 billion merger. The change comes with new investment in Detroit and Michigan communities.
Northern Michigan Counties Receive State Disaster Relief After Winter Storms
Seven Northern Michigan counties will get over $700,000 in state disaster relief to help repair roads and public buildings after severe winter storms caused power outages and flooding.
Marel Power Solutions gets Michigan grant for EV power stack pilot line
Marel Power Solutions in Plymouth has received $1.9 million from the Michigan Supplier Conversion Grant Program to set up a pilot production line for electric vehicle power stacks, expanding local manufacturing.
Michigan Data Center Campus Valued Up to $1.25 Billion as Hyperscale Data Weighs Next Move
Hyperscale Data is considering a sale, IPO, or further expansion after its Michigan data center campus was valued at up to $1.25 billion. A new long-term contract and expansion options are shaping the company's decision.
Knam Industries announces $10 million plant in Plymouth, but local confirmation lacking
Knam Industries International says it is opening a $10 million facility in Plymouth, Michigan, with plans to hire over 100 skilled workers by 2027 and invest further in manufacturing technology. As of now, local and regional officials have not confirmed the project or its details.
Talon Metals Shifts Focus to Michigan's Humboldt Mill, Drops North Dakota Plant Plan
Talon Metals has dropped its plan for a new processing plant in North Dakota and is now considering Michigan's Humboldt Mill for ore from its Tamarack project. A final decision will follow a feasibility study expected by the end of 2026.
Michigan Faces New Global Pressure in Automotive Investment Decisions
Michigan is now competing with regions in the South, Mexico, Europe and China for automotive projects as companies weigh costs, speed and site readiness before investing in new or existing facilities
Request Foods expands frozen meal production in Holland Michigan
Request Foods has increased its frozen food manufacturing capacity in Holland with support from the Michigan Business Development Program, adding new single-serve meal lines and investing in workforce training to meet changing market demand
Michigan Auto Industry Faces Higher Costs After Canadian Tariffs
New Canadian tariffs on US goods have driven up costs for Michigan automakers and suppliers, with immediate effects on profits and operations as cross-border trade becomes more expensive