6,807
Recent Tweets
- Celebrate Small Business Week by helping us pick the winner of our Up & Coming #Entrepreneur Contest:. Like you fav: http://t.co/WIsiFA22
- INDEED! RT @CreditUnionLink: @BuyMichiganNow And a shout out to the Michigan credit unions who are providing some of them with loans.
- It's National Small #Business Week! Shout out to all our #Michipreneurs who are bringing our economy BACK!! #Michigan
- Sounds like fun! RT @SteinerTractors: Gera Old Tractor Days is having a Pig Roast on Sunday at the Gera Tavern (N. of #Frankenmuth)
- What's the best thing happening in #Michigan this weekend?
- @BetterMade @DinaJ @BernieRitchey @TBDEnterprises @248Landscape @natmmom @jAtApA071012 Thanks for the #FF love! Happy weekend!!
- Kudos! RT @nustep_annarbor: NuStep, Inc. an Ann Arbor Company receives Presidential “E” Award for Exports #50thEAward http://t.co/NEjODckO
Did You Know?
Michigan has a land mass of 56,809 square miles, which is divided into...
What Can I Do?
Make changes in your buying habits starting today.
Movie Magic & Other Great News
by Lisa Diggs
Continuing growth within the movie industry is just one of the recent great economic news stories that recently caught my eye and merits some extra attention.
Since enacting the nation’s most aggressive film incentives in April, Michigan has seen more than 70 film and TV projects slated for production, bringing some $430 million in economic activity here. Even more exciting is the recent news that Wonderstruck Animation Studios plans to invest $86 million to build a new studio in Detroit; Stardock Systems, a digital gaming manufacturer, will build its production facilities in Plymouth; and Motown Motion Pictures will invest $54 million to build their new film studios at a former GM plant in Pontiac. Such capital investments are a strong indication that Michigan is not just the film location flavor of the month, but a bona fide rising star in the industry.
According to a new report released from MSU's Product Center for Agriculture and Natural Resources, agriculture (Michigan's second-largest industry) experienced a 12 percent growth in 2007, the year the study was conducted. The industry’s yearly economic impact is estimated to be $71.3 billion, according to the 2007 data, which represents a $7.6 billion increase from the $63.7 billion impact projected in an analysis of 2006 data released last year.
The White House says Michigan stands to add 109,000 jobs as President Barack Obama's federal stimulus plan takes effect. Council of Economic Advisers Chairwoman Christina Romer and Obama's chief economist, Jared Bernstein, estimated the number of jobs to be created by studying the stimulus package's effect on working age population, employment, and industrial composition in each state.
Kalamazoo Valley Community College will become a first-of-its-kind national training center for technicians who will work on utility-sized turbines clustered on wind farms and on the smaller commercial units similar to the one that was installed on the Texas Township campus in late January. Beginning in October, the Michigan Technical Education Center at KVCC’s Groves Campus will launch a 26-week training academy based on European standards for technicians to gain entry level employment working on the giants of the wind-energy industry.
Utica-based Global Tooling Systems, the leading supplier of tooling systems and services for the commercial and military aerospace industries, plans to invest $17.2 million to relocate operations to Macomb Township. The project is expected to create 400 new jobs, including 184 directly by the company. Michigan won out over competing sites in Texas, Washington, California, and Georgia.
State and local tax capture valued at more than $1.4 million will support a modern business development and technology center for BAE Systems Land and Armaments in Sterling Heights. The project is expected to generate $44 million in new investment and create 460 new jobs.
In an effort to actually capitalize on tighter corporate budgets, the Detroit Metro Convention and Visitor’s Bureau developed Meet in the D, a program designed to boost local tourism dollars. The idea was to convince local companies that typically would’ve traveled out of state for a corporate meeting to host their meeting in Detroit instead. At least 20 companies have reported they held a meeting in Detroit rather than going out of state, representing an economic impact of $13.5 million in spending.
Fisker Automotive Inc., makers of plug-in hybrid concept cars, is investing up to $5 million to relocate jobs for a new Engineering and Development Center in Pontiac. According to Chief Operating Officer Bernhard Koehler, “The available talent, supplier base and infrastructure in Michigan will help us reach our production goals.” Up to 200 engineers and designers will work in a corporate office park in Pontiac, and Fisker hopes to begin early production of their new concept vehicle, “Karma,” by year’s end.
K&S Wire Products LLC is focusing on manufacturing wire products and eventually plastic shopping carts. To that end, it plans to invest $1.2 million to purchase shopping cart manufacturing equipment. The project is expected to create 356 new Michigan jobs, including 157 directly by the company.
Fisker Automotive Inc., makers of plug-in hybrid concept cars, is investing up to $5 million to relocate jobs for a new Engineering and Development Center in Pontiac. According to Chief Operating Officer Bernhard Koehler, “The available talent, supplier base and infrastructure in Michigan will help us reach our production goals.” Up to 200 engineers and designers will work in a corporate office park in Pontiac, and Fisker hopes to begin early production of their new concept vehicle, “Karma,” by year’s end.
K&S Wire Products LLC is focusing on manufacturing wire products and eventually plastic shopping carts. To that end, it plans to invest $1.2 million to purchase shopping cart manufacturing equipment. The project is expected to create 356 new Michigan jobs, including 157 directly by the company.
Patrick Energy Services, a provider of engineering, program and construction management services for high-voltage electric infrastructure and smart grid technologies, plans to invest $2.2 million to expand operations in Novi. The project is expected to create 185 new jobs, including 90 directly by the company.
User Comments (1)
We think this is great for Michigan and are proud to be here to assist the new companies and their employees with alternative health products and quality nutrition.
To post a comment you have to login. Login here