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DETROIT– Comerica Bank officials look for improving conditions in Michigan this spring as vaccine distribution ramps up, and massive fiscal stimulus hits the economy along with very low interest rates. The statement follows release of the Michigan Economic Activity Index from Comerica that reported the index rose in November to 106.3 from 106.2 in October.
WINDSOR, Ont.–Windsor and Detroit should establish a transportation, distribution, and logistics cluster to best reap the economic benefits of the new Gordie Howe International Bridge, says a new study out of the University of Windsor’s Cross-Border Institute. Building on existing regional expertise and capacity, the cluster would consist of truck yards, facilities where containers can
SOUTHFIELD—The Centrepolis Accelerator, the physical-product business accelerator established by Lawrence Technological University and the city of Southfield, has named the winners of its inaugural Client Awards, recognizing some of Michigan’s most promising manufacturing innovations. Awards were presented in the following categories: Best hardware product, commercialized: MaxPro Fitness, Rochester-based developers of a portable full-body cable-based exercise
DALLAS – Twenty-nine percent of US broadband households plan to buy a connected health product over the next 23 months a new report indicates. The study, by Parks Associates, also shows US broadband households increased from 15 percent in 2019 to 41 percent in 2020. "The COVID-19 pandemic caused a massive increase in telehealth and
ANN ARBOR– A staple of private equity finance conferences, the Michigan Growth Capital Symposium goes virtual in April for the second time with partner InvestMidwest in what's billed as the Midwest Venture Showcase - a two-day conference to match up agriculture, life sciences, medical device, and technology startups with heavy weight investors. Take note, if
DETROIT - General Motors Co on Tuesday presented a futuristic flying Cadillac - a self-driving vehicle which takes off and lands vertically and carries the passenger above the streets and through the air. A senior GM executive described the concept as “reimagining the future of personal transportation.” The single-passenger Cadillac - technically, a vertical take-off
SAN FRANCISCO, Calif. – As more people stayed at home during 2020 due to the pandemic, they were streaming a lot more videos for reasons beyond just entertainment. This trend is expected to continue over the next three years, prompting many public libraries to transition their budgets from DVDs to streaming and prepare for changes
LANSING – The NFIB Small Business Optimism Index declined 5.5 points in December to 95.9, falling below the average Index value since 1973 of 98. Nine of the 10 Index components declined and only one improved. Owners expecting better business conditions over the next six months declined 24 points to a net negative 16 percent. NFIB,
DETROIT - Recent years have witnessed a surge in the digital media industry, with Internet users worldwide choosing online content as their main source of information and entertainment. However, with millions of people spending more time indoors and online amid the COVID-19 outbreak, the year 2021 is expected to bring records, both in terms of
ANN ARBOR - The University of Michigan’s Transportation Research Institute will use nearly $10 million to create 20 “smart intersections” across Ann Arbor. A $9.95 million award from the U.S. Department of Transportation’s Federal Highway Administration is being used to fit intersections with cameras, radar and infrared sensors in order to capture what is moving in
