growth http://michiganradio.org en Economic forecasters see some growth, if sluggish, for Michigan in 2012 http://michiganradio.org/post/economic-forecasters-see-some-growth-if-sluggish-michigan-2012 <p>Economic forecasters are telling state officials that 2011 was a pretty good year for economic growth and job gains. They expect that will continue into 2012 and beyond &ndash;just at a slower pace.</p><p>University of Michigan economist George Fulton said the unemployment rate should drop below 10 percent this year. He projects Michigan will see a gain of 26,000 jobs in 2012 compared to about 64,000 in 2011.</p><p>Fulton said that&rsquo;s because auto sales are expected to slow down in 2012, and consumers remain cautious about spending.</p><p>&ldquo;Unemployment &ndash; we see that slowly drifting down over time,&quot; said Fulton. &quot;I think that&rsquo;s one of the issues in this state because the rates, even though they are coming down are still too high.&rdquo;</p><p>Fulton was one of the presenters at a conference today at the state Capitol. Budget officials use the forecast to determine how much revenue the state can anticipate as they put together a spending plan. Fri, 13 Jan 2012 17:55:50 +0000 Rick Pluta 5781 at http://michiganradio.org Michigan small businesses face obstacles for expansion http://michiganradio.org/post/michigan-small-businesses-face-obstacles-expansion <p>Michigan businesses may have more trouble accessing credit to grow their companies. But many don&rsquo;t know about the resources available to help them.&nbsp;</p><p>A <a href="http://news.msu.edu/story/9166/">new study</a> from Michigan State University found that small businesses and start ups in the state have trouble getting loans to expand because of stricter lending practices.</p> Fri, 08 Apr 2011 18:16:31 +0000 Michigan Radio Newsroom 1988 at http://michiganradio.org Michigan small businesses face obstacles for expansion