Recreation Development Projects Approved

Recreation Development Projects Approved

Governor Whitmer signed legislation authorizing $23.3 million in Michigan Natural Resources Trust Fund grants. Key Points: 45 projects and land purchases recommended by the Michigan Natural Resources Trust Fund Board will receive funding. This includes $15 million in...
Michigan Enters Agreement with Ontario

Michigan Enters Agreement with Ontario

Governor Gretchen Whitmer and Ontario Premier Doug Ford signed a new economic agreement aimed at building on the longstanding economic relationship. The new partnership aims to increase trade, attract investment, and encourage job creation in both jurisdictions. Key...
Unemployment Rate Hits Record Low

Unemployment Rate Hits Record Low

For only the third time since the 1970s, Michigan’s unemployment rate last month dropped below 4%. The June 2023 rate declined by one-tenth of a percentage point to 3.6%. Key Points: The June rate was the lowest it’s been in 23 years. The labor force grew by 23,000 in...
Michigan’s Credit Ratings Reaffirmed

Michigan’s Credit Ratings Reaffirmed

All three main international ratings agencies have reaffirmed Michigan’s credit rating this week. Moody’s Investors Service: Reaffirmed their Aa1 rating with a “stable outlook.” They noted the state has effective financial forecast practices, budgetary reserves at...