Economic Development

Establishing a regulatory framework for the sale of medical marijuana could generate between $44.3 million and $63.5 million annually in tax revenue for Michigan, according to a new report. 

GRAND RAPIDS — Despite negotiating for the past seven months, Grand Rapids Symphony musicians and the organization’s management team have yet to agree to terms of a new contract.

The budget cuts at the state’s economic development organization have forced industry executives in West Michigan to adjust their tactics. 

Gov. Rick Snyder is asking state lawmakers to increase funding for the popular Skilled Trades Training Fund program as part of his budget for the 2017 fiscal year.

ALLEGAN — Fighting off a hostile takeover bid cost Perrigo Co. plc $100 million last year, driving up administrative expenses sharply for the producer of over-the-counter medications.

As the state grapples with the Flint water crisis and a long-term funding solution for Detroit Public Schools, business advocates hope lawmakers will still be able to tackle policies that keep health care costs down, add transparency and help companies attract talent. 

State lawmakers remain focused on passing energy policy this year that preserves Michigan’s limited electric choice market and abandons renewable energy standards in favor of comprehensive planning requirements.

Here is the MiBiz Growth Report for March 7, 2016.

Here is the MiBiz Growth Report for Feb. 22, 2016:

The state legislature’s inaction on extending equal civil rights protections to lesbian, gay, bisexual and transgender (LGBT) people has led a growing number of prominent West Michigan business leaders to call for change.

Advocates in West Michigan have spent nearly two years pitching Property Assessed Clean Energy financing to Kent County officials as one more tool in the Grand Rapids region’s economic development toolbox.

While a competitive tax structure was important, Las Vegas-based Switch Communications Group LLC had a different prerequisite before even considering opening a cloud-based data center in Michigan: reliable, renewable energy. 

As the price of wind and solar energy declines and even falls in line with fossil fuels, some policymakers have started to wonder if it’s time to expand Michigan’s renewable energy mandates.

Here is the MiBiz Growth Report for Feb. 2, 2016:

Here is the MiBiz Growth Report for Jan. 25, 2016:

Here is the MiBiz Growth Report for Jan. 11, 2016.

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