Displaying items tagged: University of Michigan

Sunday, 12 April 2020 18:21

Court challenges to follow Trump administration’s vehicle fuel economy rollback

Nearly two years after announcing its initial plan, the Trump administration issued a final rule on March 31 that rolls back Obama-era automobile fuel economy standards and requires modest fuel efficiency increases in forthcoming internal combustion models.

Published in Energy
Thursday, 09 April 2020 18:01

University of Michigan economists project economy to recover in second half of 2020

An updated economic outlook from the University of Michigan projects a partial recovery for the U.S. in the second half of the year that would follow a deep drop in the second quarter caused by the COVID-19 pandemic.

Published in Economic Development
Friday, 20 March 2020 08:19

University of Michigan economists see second quarter recession

University of Michigan economists expect the coronavirus and COVID-19 pandemic to drive the U.S. economy into recession for the second quarter.

Published in Economic Development

Friday, 13 March 2020 13:07

Coronavirus concerns cloud 2020 economic outlooks

Economists at Comerica Inc. now expect the U.S. economy to possibly dip negative for the second quarter as a fallout of the coronavirus pandemic.

Published in Economic Development
Tuesday, 03 March 2020 13:57

Comerica: Fed rate cut could help, but not change economic impact from coronavirus

Today’s emergency interest rate cut could aid a slowing U.S. economy facing a significant threat from the coronavirus outbreak, according to Comerica Inc. economists.

Published in Economic Development
Sunday, 02 February 2020 17:15

Legislation to limit non-competes for certain low-wage jobs draws concern from biz groups

Backers of legislation that would bar employers in Michigan from requiring certain employees to sign a non-compete agreement say they simply want the free market to work.

Published in Small Business

Sunday, 02 February 2020 17:00

Dealership group: ‘More questions than answers’ following Tesla settlement

The statewide advocacy group for automobile dealers says “more questions than answers” follow a recent settlement agreement between California electric vehicle manufacturer Tesla Inc. and the state.

Published in Economic Development
Sunday, 02 February 2020 16:00

Q&A: David Brophy Director, Center for Venture Capital and Private Equity Finance at University of Michigan

Michigan’s venture capital industry made further progress in 2019 as investors put a record $771.6 million into 115 deals with state-based companies, according to Pitchbook and the National Venture Capital Association. Despite the industry’s growth, David Brophy says a lot more needs to happen to further build venture capital in Michigan to seed and grow more startups and attract more investors, particularly large institutional investors who can put money into Michigan-based funds. Brophy serves as director of the Center for Venture Capital and Private Equity Finance at the University of Michigan and is founder of the annual Midwest Growth Capital Symposium. He spoke with MiBiz about the status of venture capital in Michigan. 

Published in Finance
Friday, 03 January 2020 12:20

State allocates $7 million in funds to back early-stage entrepreneurs

An assortment of state-backed capital funds and initiatives to support business startups, innovation and entrepreneurs recently earned renewal in Lansing.

Published in Finance

Sunday, 22 December 2019 08:42

10 concerns for 2020

For this 13th installment of Crystal Ball, MiBiz reporters interviewed dozens of West Michigan executives about their outlook for the state and national economy and the indicators they’re watching as they prepare their businesses for the new year. While no single issue seemed to rise to the top this year, here’s a subjective list of their concerns that came up most often, ranked in no particular order. 

Published in Economic Development
Sunday, 22 December 2019 18:12

U.S. Economic Outlook: Economists expect U.S. to avoid recession in 2020

Fears of a national recession in 2020 are largely unfounded. So insists Jim Robey, director of regional economic planning services at the Kalamazoo-based W.E. Upjohn Institute for Employment Research.

Published in Finance
Sunday, 22 December 2019 14:28

Michigan Economic Outlook: After ‘disappointing’ year, Michigan economy poised to grow in 2020

A combination of factors came together in 2019 to take a bite out of Michigan’s economy. The six-week General Motors strike, white-collar job cuts at GM and Ford early in 2019, a slowing manufacturing sector, and relatively flat auto sales collectively held back the state’s growth this year.

Published in Finance

Sunday, 08 December 2019 16:41

Wage growth keeps pace in West Michigan

Employers across West Michigan granted pay raises this year averaging 2.5 percent to 3.5 percent, according to annual survey data.

Published in Economic Development
Friday, 06 December 2019 08:52

Mercy, Metro, Michigan Medicine form cancer care network

Mercy Health and Metro Health-University of Michigan plan to integrate cancer care in West Michigan through a new network to treat patients at three locations in Grand Rapids and Muskegon.

Published in Health Care
Sunday, 24 November 2019 13:33

Opioid education, research hits all ages in Michigan

As Michigan universities land tens of millions of dollars in opioid research funding, students at all age levels are learning lessons about the epidemic.

Published in Health Care

Sunday, 10 November 2019 14:27

Partnership aims to reduce state shortage of physicians certified in addiction medicine

One of the barriers for health care providers responding to the opioid crisis in Michigan is a shortage of doctors trained in addiction medicine.

Published in Health Care
Sunday, 27 October 2019 14:00

Michigan among states discussing settlement with OxyContin producer

If Michigan collects a share of what could become a multi-billion-dollar legal settlement with Purdue Pharma LP, Peter Jacobson believes the money needs to pay for prevention, treatment, and compensating people who became addicted to opioids.

Published in Health Care
Sunday, 27 October 2019 12:11

Treatment options for opioid addiction expand; ‘legitimate concerns’ from physicians remain

In 2017, Gov. Rick Snyder’s administration proposed and later signed into law a 10-bill package meant to be an “all-hands-on deck approach” to the opioid crisis, as former Lt. Gov. Brian Calley described it at the time. 

Published in Health Care

Friday, 11 October 2019 11:31

U-M economists: State economy to limp through 2019, return to ‘healthier growth’ in 2020

Michigan’s economic growth “slowed down considerably” during the spring and summer, although University of Michigan economists doubt the state is on track for a downtown in the next two years.

Published in Economic Development
Sunday, 18 August 2019 18:05

HIGHER ED: Michigan colleges prepare students for influx of cannabis careers

As students head off to college this fall, some of them in Michigan’s Upper Peninsula will be blazing a trail when it comes to new fields of study: growing and testing hemp and learning how to lead a cannabis business.

Published in Talent
Sunday, 21 July 2019 19:55

Helix Steel technology offers innovative infrastructure solution

Helix Steel hopes to find a silver lining in what’s become a growing infrastructure crisis in the state of Michigan. 

Published in Manufacturing

Sunday, 23 June 2019 19:00

Concept for regional fund to back Great Lakes VC investors faces key hurdles

The idea sounds simple: Create a $150 million to $200 million fund supported by foundations and university endowments to back venture capital investors in the Great Lakes states.

Published in Finance
Sunday, 23 June 2019 19:00

Whitmer policy allows commercial solar projects on farmland preservation property

Gov. Gretchen Whitmer this month reversed a policy from the Snyder administration that blocked commercial solar energy projects on property enrolled in the state’s farmland preservation program.

Published in Food/Agribusiness
Friday, 12 April 2019 10:23

Michigan execs remain optimistic about state economy, job growth

The latest quarterly economic survey from Business Leaders for Michigan shows continued optimism about the state economy, although few executives expect higher growth through 2019 and into next year.

Published in Economic Development

Sunday, 23 December 2018 19:26

Crystal Ball 2019 Manufacturing Outlook: Headwinds, talent challenges tamp down forecast for manufacturing sector

Whether the West Michigan manufacturing industry continues on an ongoing growth trend in 2019 or veers into a contraction remains uncertain. Economist Paul Isely, associate dean for undergraduate programs in the Seidman College of Business at Grand Valley State University, uses automotive, furniture, agriculture, and “amazingly nowadays” aerospace manufacturing to find the pulse of where the region’s economy is headed in the coming months and years. 

Published in Manufacturing
Sunday, 23 December 2018 15:47

Crystal Ball 2019 Michigan Economic Outlook: Forecasts show continued but slower growth as Michigan nears record period of expansion

Michigan’s economy will see slower economic and employment growth in 2019 amid the ongoing tight labor market and less U.S. economic growth, economists say.

Published in Economic Development
Sunday, 23 December 2018 15:29

Crystal Ball 2019 Economic Outlook: National economy enters late states of expansion, economists say

Robert Dye views 2019 as a “transitional year” for the U.S. economy as a trio of forces align to moderate growth during the year.

Published in Economic Development

Sunday, 18 November 2018 19:00

Michigan to continue growing, but at slower rate in 2019

Michigan will maintain job growth through 2019, although at a slower rate than the past several years as employers have fewer people to hire.

Published in Finance
Sunday, 11 November 2018 20:02

Rule change opens access for smaller universities to get tech commercialization funding

Smaller public universities in Michigan will have to come up with less matching funding to secure state grants that support startup companies coming out of research labs.

Published in Economic Development
Sunday, 28 October 2018 15:00

Mary Free Bed, University of Michigan to broaden research collaborations

GRAND RAPIDS — With a new project, Mary Free Bed Rehabilitation Hospital and the University of Michigan are laying the foundation for further research collaborations. 

Published in Health Care

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