The Michigan Economic Development Corporation announced six communities will receive funding to build 60 new homes and additional space for businesses. The projects are expected to generate a total capital investment of nearly $18 million in Milan, Sturgis, Calumet, Otter Lake, Ypsilanti, and Ionia. “These projects will support construction jobs, build more affordable housing to lower costs, and drive commercial growth in downtowns across the state, supporting small businesses and regional economies,” said Governor Gretchen Whitmer.
March Revenue Declines
Last month, major taxes and net lottery revenue declined 24.7% from the prior year, coming in at $1.6 billion. Additionally, collections were roughly $169.6 million below prior projections from the consensus revenue estimating conference held earlier this year. Key...
