Economy

With the end of SOAR and cuts to job-growth funding, lawmakers say they will retool economic development incentives by year-end. The effort follows ‘bad deals’ as the state pledged billions to jobs that barely materialized Officials expect to reward a wider group of businesses with no more up-front payments.

The new $20 monthly charge is helping the Presque Isle Electric & Gas Co-op pay down $150 million in costs accumulated from the March ice storm.

Michigan soybean growers are being hurt by retaliatory tariffs from their major international markets, especially China and the European Union. The state ranks 13th in soybean production. Major producing counties include Lenawee, Gratiot, Sanilac, Saginaw and Shiawassee.

As food production and farming become increasingly computerized, cyberattacks are on the rise. Lawmakers and universities are encouraging more research into how to protect the industry from cyber threats.

The American Heartland has experienced a boom in wineries over the last three decades. But with U.S. wine sales trending down since 2019, some producers are feeling the effects more than others.

So far this year, the United States has seen a large drop in Canadian visitors, and Michigan is no exception to the national trend.

Beef prices have hit record highs, yet American consumers haven’t stopped buying it. A look at what’s behind the steep price increase and when they might come down.

Prices for everyday goods and services are still climbing — and last month's jump was the fastest in five months, according to July Consumer Price Index data. That means things like airfare, car repairs, and eating out are costing more for Michigan families.

Slotkin's vision comes as some say the Democratic Party lacks direction and power, after losing control of all three branches of government in November. While progressives like Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez push bold ideas, Slotkin is staking out a more centrist path.

There’s been a steep drop in the number of Canadians coming into Michigan due to President Trump’s threats of tariffs and annexation.