LANSING - States face a series of revenue and fiscal issues, including Medicaid costs, underfunded retirement costs, local government fiscal stress and narrowing tax bases that could lead to overall budget crisis for many states, a national report said. The report, from the State Budget Crisis Task Force, did not include Michigan in the states
LANSING - The Michigan Retailers Association on Monday called on Treasurer Andy Dillon to send a bill to online mogul Amazon for sales tax owed to the state, asserting it has a physical presence and therefore, by law, must require its customers pay sales tax. "Because Amazon has a physical presence in Michigan it has
DETROIT - General Motors will be creating big new IT development centers at its Warren tech center and its downtown Detroit headquarters over the next three years under new chief information officer Randy Mott, told WWJ Newsradio 950 editor Matt Roush. In an interview Thursday morning, Mott said he believes ?insourcing? IT will give GM
LANSING - It would take just 10 male and 10 female Asian carp to locate in the Great Lakes basin to produce a 50 percent chance of successfully spawning offspring provided the fish find a suitable spawning river, according to a report released Thursday by the Canadian government. One item that is unclear, according to
LANSING - The Michigan Economic Development Corporation on Thursday announced the approval of incentives for five businesses by the Michigan Strategic Fund through the Michigan Business Development and Community Revitalization Programs. The expansions include Arcadia Brewing Company in Kalamazoo, ArcticAx US in Grand Rapids, Blue Star 2 in Benton Harbor, Ionia Ventures in Grand Rapids
ANN ARBOR - Consumer confidence posted a sizable loss in June, with most of the overall decline in how consumers viewed future prospects for the national economy, according to University of Michigan economist Richard Curtin, director of the Thomson Reuters/University of Michigan Surveys of Consumers. The Surveys, conducted by the U-M Institute for Social Research
LANSING - As word spread Tuesday that the online retail giant Amazon might be looking to hire more workers in Michigan, news that was heralded by the administration, another group continued to press the Legislature to close what it says is a tax loophole that Amazon and others exploit to the detriment of small businesses
LANSING - Expanding Medicaid eligibility as the federal Affordable Care Act wants but effectively can no longer require, is more a decision based on policy than fiscal issues because the expansion could actually save Michigan money, a memo from the Senate Fiscal Agency says. Because the expansion would allow the state to shift general fund
LANSING - The Small Business Association of Michigan's latest June 2012 Small Business Barometer survey of 600 small business owners finds entrepreneurs reporting higher sales and profits, and increased hiring, compared to last fall. Twenty-two percent said that over the past six months they increased their number of employees, compared to only eleven percent who
ANN ARBOR - Pure Visibility co-founder and COO Catherine Juon is leaving the company to pursue consulting opportunities with second stage companies and will be replaced by General Manager Dunrie Greiling. ?Like the businesses we help grow, Pure Visibility has experienced a tremendous evolution over the last 18 months,? said co-founder and president Linda Girard.