business

Business
2:13 pm
Wed July 9, 2014

The rise and fall of Michigan's Stroh family

Photo of a can of Stroh's beer taken in 2008.
Credit Kyle Freeman / Flickr

Many of us are more than a little curious about the lives of the rich and famous. 

In the mid-1800s, Bernard Stroh came to the U.S. and began selling beer in Detroit.

The business grew and prospered, but around 150 years later, the family company was bought and broken up.

Kerry A. Dolan of Forbes chronicles the rise and fall of the family in her piece, How to blow $9 billion: The fallen Stroh family.

From Dolan's story:

The Stroh family owned it all, a fortune that FORBES then calculated was worth at least $700 million. Just by matching the S&P 500, the family would currently be worth about $9 billion.

Yet today the Strohs, as a family business or even a collective financial entity, have ceased to exist. The company has been sold for parts. The trust funds have doled out their last pennies to shareholders. While there was enough cash flowing for enough years that the fifth generation Strohs still seem pretty comfortable, the family looks destined to go shirtsleeves-to-shirtsleeves in six.

Frances Stroh, a fifth generation family member, is working on a memoir about the family.

h/t Lester Graham

The Environment Report
9:00 am
Thu June 26, 2014

Recycling that typical household battery is not as easy as you might think

Alkaline batteries before they're recycled at RBS Metals in Brighton, Michigan.
Mark Brush Michigan Radio

I was surprised to find out recently that you can’t recycle household batteries in Ann Arbor anymore. I used to collect them in a little steel can, but Recycle Ann Arbor stopped taking them.

From Recycle Ann Arbor’s website:

Alkaline household batteries do not contain hazardous materials and may be disposed of in the trash.

Read more
Economy
5:02 pm
Mon June 2, 2014

Report finds tax cuts have not been helping Michigan's economy

IRS Form 1040.
Credit stockphotosforfree.com

Michigan has been cutting taxes for the past 20 years. The key selling point has been that slashing taxes will create economic prosperity.

A new report by the former head of the state Treasury Department's Office of Revenue and Tax Analysis, Douglas Drake, says these tax cuts have instead drained Michigan of economic life, with our per-capita income rank tumbling, and our unemployment rate way above the national average.

Charles Ballard is an economist from Michigan State University.

*Listen to the full show above.

Stateside
9:43 pm
Wed May 14, 2014

U of M's Ross School of Business holding "Positive Business Conference" this week

UM's Ross School of Business.
Credit UM

Words of encouragement, like “think positive,” can be flung around with little thought when we face challenging situations.

It's something we hear so often that it's easy to tune out.

But there is real power in those words: The power to make our workplaces better and more effective.

This week, The Ross School of Business at the University of Michigan is holding its first-ever Ross Positive Business Conference.

Chris White leads the Center for Positive Organizations at the University of Michigan, and he joined us today.

*Listen to our interview with above.

Economy
4:56 pm
Tue April 15, 2014

Michigan's innovative past could be key for its future

The typographer is one of the earliest innovations in Michigan.
Credit user clbinelli / Wikimedia Commons

As Michigan struggles back to economic health, there is plenty of talk about innovators, entrepreneurs and risk-takers being a big part of our recovery. 

And that fits right in with Michigan's history.

Editor R.J. King recently wrote a piece for DBusiness looking at Michigan's history of innovations and inventions. He joins us today.

Listen to the full interview above.

Read more
Made in Michigan
8:45 am
Wed April 9, 2014

Carhartt got its start in Michigan, and stayed in Michigan

Carhartt was made in Michigan.
Credit Carhartt / Facebook

Carhartt got its start in southern Michigan when the company's founder, Hamilton Carhartt, set out to make the best pair of overalls he could for railroad workers.

The company is still family owned and remains in Michigan.

We spoke with the company's current CEO, Mark Valade. He's Hamilton Carhartt's great-grandson.

Listen to our interview with him above.

Politics & Government
2:35 pm
Wed April 2, 2014

President Obama stops at Zingerman's in Ann Arbor

President Barack Obama visits with patrons during a stop for lunch at Zingerman's Delicatessen in Ann Arbor, Mich., April 2, 2014.
Pete Souza White House

President Obama was in Ann Arbor today to give a speech on raising the federal minimum wage. Prior to the speech, Mr. Obama stopped at Zingerman's Delicatessen and ordered a Reuben sandwich. 

From the White House pool report:

POTUS and motorcade stopped at Zingerman's Deli in Ann Arbor just before 1:30 p.m. With his suit coat off and U.S. Rep. Gary Peters by his side, the president ordered a Reuben sandwich.

Read more
Politics & Government
11:44 am
Sun February 23, 2014

Deal assures Michigan cities won't be hurt by business tax cut

An agreement reached among Snyder's administration, business interests and local officials would make sure municipalities opposing a loss in revenue are mostly kept whole.
Steve Carmody Michigan Radio

LANSING – Michigan lawmakers this week will propose a deal to guarantee that local governments lose little to no revenue from a planned phase-out of taxes on industrial machinery and small businesses' equipment.

The business tax cuts were enacted by Gov. Rick Snyder and legislators at the end of 2012. But they will be halted if a statewide vote fails in August.

An agreement reached among Snyder's administration, business interests and local officials would make sure municipalities opposing a loss in revenue are mostly kept whole.

Read more
Stateside
5:05 pm
Mon January 20, 2014

The economic impact of Michigan's music scene

Hitsville, U.S.A.
user dig downtown detroit Flickr

From Motown to Madonna, techno to gospel, jazz and blues, from Eminem to Kid Rock to Aretha, and much more, the Detroit area has been, and continues to be, a music powerhouse.

In fact, at least 38 Grammy Award winners and nominees from the past five years have a Detroit connection.

A recent study from the Anderson Economic Group takes a deep dive into the business of the Detroit-area music scene.

Alex Rosaen, the principal author of the study for the Anderson Economic Group, joined us today.

Business
1:29 pm
Fri January 17, 2014

The end of 'net neutrality' and what it might mean for you

Erik Hersman Flickr

State of Opportunity's Kimberly Springer tells us how "the specter of an exclusive, our boutique, access internet looms" after the recent U.S. Court of Appeals decision striking down many of the FCC's "net neutrality" rules.

For the privileged, the demise of net neutrality might mean paying even more for broadband access to Netflix or YouTube---no more buffering...buffering...buffering? But for the less privileged, losing net neutrality puts all of the world's information further out of reach and condemning some to "pay to play" deals. 

Go here to read more.

Business
11:42 am
Sun December 8, 2013

Audit: One-stop state licensing system little used

LANSING, Mich. (AP) - Michigan's auditor general says state departments mostly aren't using a one-stop online permitting system designed to help people who want to start, operate or expand a business.

An audit released last week found that Michigan spent $20 million developing and maintaining the Michigan Business One Stop System, but it gets little use. The system was created from 2007-09 to give entities doing business with the state a single entry point and to streamline licensing.

Read more
Stateside
4:01 pm
Thu October 31, 2013

What business leaders have to say about Michigan's economy

Detroit skyline.
user: jodelli Flickr

This week, the Business Leaders for Michigan, the state’s most prominent business roundtable, met in Detroit.

The group offered an in-depth “report card” of how Michigan is recovering from the implosion suffered during the recession. They also outline what it’ll take to boost Michigan’s presence as a money-generating state.

We talked with Daniel Howes, a business columnist with the Detroit News, about Michigan's current business climate — and where things go from here.

Politics & Government
12:28 pm
Thu August 8, 2013

Meijer and Chrysler to hire more workers in Michigan

Meijer plans to hire more workers soon.
Meijer

Meijer announced today that they're planning to hire 4,400 part-time workers in Michigan (more in other states). The Grand Rapids-based company says they're hiring in response to company growth and in "in preparation for the fall and holiday selling seasons."

More from their press release:

Read more
Business
4:08 pm
Wed July 24, 2013

There's a new push for a higher minimum wage in Michigan

What should Michigan's minimum wage be?
Steve Carmody/Michigan Radio

Several groups are calling for an increase in the Michigan minimum wage to ten dollars an hour.

The current rate in Michigan is $7.40 an hour. That's higher than the national minimum wage.  Michigan is among more than a dozen states with minimum wage rates higher than the federal benchmark. 

Danielle Atkinson is with ‘Mothering Justice’, one of the groups calling on state lawmakers to increase Michigan’s minimum wage.

“We believe a hard day’s work deserves a fair pay. And it’s time for the Michigan legislature to support that as well,” says Atkinson. 

Read more
Stateside
5:51 pm
Mon July 8, 2013

Detroit is seeing a rise in 'pop-up' businesses

Coffee and ______ is Angela Foster's latest pop-up business.
Facebook

An interview with Brian Ellison and Angela Foster about pop-up businesses.

It used to be, when you would think of a "pop-up business," you would pretty much think of those Halloween stores that pop-up each September, or the fireworks tents each July, or the Christmas tree and wreath lots that appear each Thanksgiving.

But the pop-up is growing and temporary businesses or exhibitions are gaining traction in cities and towns where the Great Recession left many empty storefronts.

And the pop-up works on so many levels, both for the entrepreneur and the business districts and cities who can see new life being breathed into buildings and areas that have been way too quiet.

Read more
Politics & Government
4:38 pm
Fri June 14, 2013

Snyder leaves for Israel on a trade mission

Flag of Israel.
Tim (Timothy) Pearce Flickr

Governor Rick Snyder leaves today for a nine-day trade mission to Israel. He’s hoping to create business connections and encourage Israeli investment in Michigan.

But Snyder says he won’t be starting from scratch when he gets there.

“We already do a fair amount of business with Israel. We’re one of the top-20 states for both imports and exports going on with Israel. So I think it’s a great opportunity to build stronger economic ties and cultural ties given all the historical connections between our state and Israel.”

Additionally, the Governor says that Israel is looking to expand its marketplace globally.

“And if you look at Detroit’s role and the strong Jewish community here and the great business environment we’ve created over the last few years, Michigan should really be a gateway – in particular the Metro Detroit area should be a gateway – for Israeli businesses to do business in the United States.”

The governor also plans to speak with Israeli education officials. He says he’s especially interested in learning about their early childhood education programs.

This is Snyder’s fifth corporate-sponsored trip oversees, and his first to the Middle East. 

Economy
5:28 pm
Thu May 30, 2013

Michigan universities producing entrepreneurs faster than national average

U of M's new venture accelerator will connect startups with talent and funding
Photo courtesy of the University of Michigan

Michigan’s three biggest universities are producing young entrepreneurs twice as fast as the national average.

That’s according to a report by East Lansing-based Anderson Economic Group released today at a conference of business leaders and politicians on Mackinac Island.

Debbie Dingell is chair of the Wayne State University Board of Governors.

“What’s clear is that we in Michigan have young people with ideas, and we’re giving them a university system that’s giving them the tools that they need to actually go out and start that business,” said Debbie Dingell, chair of the Wayne State University Board of Governors.

The report says almost half of the new businesses started by college grads have been started or acquired in Michigan.

University officials say they’ve revamped their curriculum in recent years to encourage entrepreneurship among students.

Business
3:01 pm
Wed January 30, 2013

New export finance center opens in Detroit

Export-Import Bank of the United States

Earlier this week, Gov. Rick Snyder, Senator Debbie Stabenow and nearly 100 small business owners were in Detroit for the opening of a new regional office for the Export-Import Bank of the United States.

The new office is expected to help Michigan businesses export products overseas by providing access to various types of insurance, loans, and financial resources.

According to their website, the agency has helped generate $456 billion in export revenue since its creation by Franklin D. Roosevelt in 1934.

Read more
Politics & Government
5:48 pm
Thu January 10, 2013

Michigan Businesses Have 1K Fewer Rules To Follow

ORR Eliminates 1000th Rule
Michigan Department of Licensing and Regulatory Affairs Office of Regulatory Reinvention

Governor Rick Snyder announced today that Michigan businesses now have one thousand fewer rules to live with.

Rob Nederhood is Deputy Director of Michigan’s Office of Regulatory Reinvention.

He says they were challenged to eliminate outdated or obsolete administrative rules. 

Read more
Business
5:35 pm
Thu December 20, 2012

Stateside: Recovery Park, big plans for redevelopment in Detroit

Recovery Park is a project hoping to revitalize the city of Detroit and get people working. 

Gary Wozniak is the President and CEO.  

He has big plans for Recovery Park involving everything from growing Tilapia, to processing foods, and establishing a 30-acre farm scattered throughout the city.

“So the models that we’re looking at are a combination of the community gardening that’s happening in Detroit, the indoor agriculture that’s being promoted by Michigan State University and then a lot of the larger indoor models in Europe, predominately in the Netherlands,” Wozniak says.

A new urban agriculture ordinance will certainly play a big in making this redevelopment project a reality.

The idea started with Self Help Addiction Rehabilitation or (SHAR), a Detroit based substance abuse treatment program. 

SHAR’s mission is to transform individuals with addiction and those recovering a chance at a new life.

Wozniak has a very personal mission as well.


Read more

Pages