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

Frankenmuth Expands Its Bavarian Blast Indoor Waterpark

News Summary Frankenmuth's Bavarian Blast Indoor Waterpark has opened a major expansion, increasing its size to 125,000 square feet. With…

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