Category Archives: Business

What is Henry Kissinger Up To?

The English language Russian news agency, Sputnik, reports that former US Secretary of State Henry Kissinger is advising US president-elect Donald Trump how to “bring the United States and Russia closer together to offset China’s military buildup.” If we take this report at face value, it tells us that Kissinger, an old cold warrior, is… Read More »

Detroit Light Rail Will Not Get $25 Million Grant

(Detroit) – U.S. Transportation Secretary Ray LaHood finally gave his decision on the $25 million in grant money for the Woodward light rail project. He decided against allocating the grant money, but mentioned that he would reconsider if certain conditions were met in the future. Ray LaHood notified Governor Snyder, Mayor Bing and the business… Read More »

Snyder Moving Forward With Second Bridge To Canada

(Detroit) – Matty Moroun’s death grip on international trade in Detroit will be coming to an end soon, as Governor Snyder is expected to announce a deal to build a second bridge connecting Detroit to Windsor. As the owner of the Ambassador Bridge, Maroun has controlled the only international border crossing for trucks near the… Read More »

Snyder Announces Pure Michigan Business Connect

(Mackinac) – Governor Rick Snyder announced an impressive set of initiatives aimed at improving the local economy here in Michigan. The Pure Michigan Business Connect plan was put together by the Governor and officials from the Michigan Economic Development Corp. and includes the following five initiatives: Pure Michigan Business Connect Network – A business to… Read More »

Bill Ford Jr. Shares His Vision For Michigan’s Economic Future

(Mackinac) – At the annual Detroit Regional Chamber’s Mackinac Policy Conference, Bill Ford Jr. presented his vision for our economic future. The Chairman of Ford Motor Co. believes Detroit and Southeastern Michigan is in a great position to become the “Silicon Valley of urban mobility”. The number of vehicles worldwide is expected to quadruple to… Read More »

Racing is Back – Detroit Chevrolet Belle Isle Grand Prix

(Detroit) – Next weekend marks the return of open-wheel racing to Detroit after a six year absence. During those six years, GM has gone through a bankruptcy and emerged stronger, and the Detroit economy has bottomed out and appears to be recovering. Chevrolet is doing more than sponsoring the event. As a supplier of engines… Read More »

Manufacturing Jobs Rebounding in Metro Detroit

It’s no secret that Michigan has been losing manufacturing jobs for years. Many of these jobs fled to the south due to the unions, and many more fled overseas thanks to lower labor costs. But one thing that Michigan has retained is a highly skilled work force. Michigan has more engineers per capita than any… Read More »

Penobscot Building Sold to Toronto Real Estate Firm

It seems like just about every building in Detroit has been bought recently, an indication that the commercial real estate prices in Detroit are on their way back up. After years of stagnation downtown, business leaders have finally decided to stop waiting on city leadership to get their act together. With the Mayor and city… Read More »

Woodward Light Rail Investment Group Will Foot the Bill

The private investment group behind the M-1 light rail project have come up with the money to cover the completion of the project and the first 10 years of operations. The M-1 light rail project will connect Downtown to New Center, running along Woodward from Jefferson to Grand Blvd. The group estimates the cost to… Read More »