Business

Business
2:15 pm
Thu October 4, 2012

Stateside: Michigan State University's Dairy Store

The Big Ten themes for ice cream made from local dairy.

The local food movement is not a new thing for Michigan State University's Dairy Store.

It has been selling local dairy products such as cheese and ice cream since 1913. The milk is bought from Michigan Milk Producers, less than 30 miles away.

It's then taken to MSU where it is processed and distributed. A lot of the ice cream flavors have MSU or Big Ten themes.

Stateside's Emily Fox, visited the store and chatted with customers, workers and manager, John Engstrom.

You can listen to the audio postcard above.

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Business
2:53 pm
Thu September 27, 2012

Stateside: Urban Rebound helps women business-owners

tv20detroit.com

Michigan is tenth in the nation for the number of women-owned businesses.

When it comes to revenue being pulled in by these businesses, Michigan ranks 49th out of the 50 states. 

Boosting the earning power of women is one of the leading goals of Count Me In.

The national group is helping women in southeast Michigan who own small businesses at an event called Urban Rebound.

Urban Rebound comes to Detroit on September 30 and October 1.

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Technology
4:46 pm
Fri September 21, 2012

Ann Arbor startup helps students build professional network

Screen shot from website.
Meritful.com

Founders of a new startup company are trying to help teens create a professional online presence.

The website Meritful.com launched this week. It's sort of a LinkedIn for students.

Social media sites like Facebook and Twitter are among the top sites where teens connect with friends and talk about their lives. But a lot of teenagers also posting embarrassing stories or pictures that can have some unplanned consequences as they apply for colleges, internships, and jobs.

Azarias Reda is one of the founders of Meritful. "In this day in age a digital presence is a very important currency, something that you have to protect and build. And high school really is the time to start," he said.

Listen to full interview above to learn more about the Ann Arbor startup.

Business
4:24 pm
Fri August 24, 2012

Effort to allow new private casinos in Michigan gets new life from state Supreme Court

clarita MorgueFile

Proponents of an effort to allow eight more private casinos in Michigan scored a victory in court today.

The Michigan Supreme Court has ruled in favor of a group called Citizens for More Michigan Jobs.

The group is pushing a ballot measure that would amend the state constitution to permit the private casinos.

An appeals court had ruled that the proposal's language was unconstitutional because it didn't include text of the law the group wants to amend.

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Business
4:45 pm
Fri August 17, 2012

La-Z-Boy to build new world headquarters; considers staying in Monroe

A La-Z-Boy store.
user vercillo wikimedia commons

A long-time Monroe business may decide to stay and build its world headquarters there. 

Think "recliner" and chances are La-Z-Boy will come to mind.

The company that makes the famous chairs and other furniture started out in the city of Monroe 85 years ago.

It has about 500 employees at its Monroe location.  Now the company wants to build a new facility and says it's interested in staying in Monroe, but is also looking at other sites.

Bob Clark is the city's mayor. He says the City Council will review some economic incentives.  

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Business
3:26 pm
Fri August 17, 2012

Utility customers get credits after 2-day outage

user wheat_in_your_hair Flickr

DETROIT (AP) - About 8,000 DTE Energy Co. customers in Oakland County will receive credits on future bills after losing service this summer due to a substation fire.

The Detroit News reports Friday that the credits will range from $25 to $250 and show up on bills over the next several months.

Residences and businesses in Royal Oak and Berkley, north of Detroit, lost power for two days last month.

DTE Energy spokesman Len Singer says the amount of the credits will depend on the length of time customers were without electricity.

The newspaper reports that customers can seek a $25 credit if an outage lasts more than 16 hours under normal conditions or more than 120 hours under catastrophic conditions.

Business
4:38 pm
Mon August 6, 2012

Whirlpool to close Indiana refrigerator center, consolidate in Michigan

Whirlpool Corp. is planning to shut down the last of its operations in a southern Indiana city where it had more than 1,500 workers a few years ago by moving refrigerator development work to Michigan.

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Business
9:46 am
Thu August 2, 2012

Don't want a smart meter? You'll have to pay for privilege

The state's biggest electricity provider says customers who don't want a smart meter will have to pay extra for the privilege.

Smart meters use radio signals to allow two-way communication between a customer's residence and the utility.

The meters let utilities know immediately who has lost power, among other things.  The company will also be able to remotely shut off power and turn it back on. 

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Business
3:39 pm
Fri July 27, 2012

Commission: Funding available for women-owned businesses

Mindexpansion MorgueFile

More than half of new businesses in Michigan are started by women. But women may not be aware of funding available to them.

The Michigan Women's Commission says women tend to start smaller businesses, rather than big manufacturing firms. They generally go to their bank or credit union for loans.

Suzy Avery directs the Women's Commission.

She says there are other sources for loans or grants that have been specifically set aside for women-owned businesses.

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Business
5:26 pm
Wed July 25, 2012

More new faces for Detroit's downtown business district

First National Building
wikimedia commons

500 new employees moved into downtown Detroit’s First National Building Wednesday. City officials and business leaders say it’s yet another sign of Detroit’s resurgent business district. 

They held a pep rally of sorts to welcome the new employees downtown. They’re from the title insurance and property valuation company Title Source, which has plans to move another 1000 employees downtown  from the suburbs soon.

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Business
7:47 pm
Mon July 16, 2012

Federal consumer watchdog agency will scrutinize credit reporting industry

Richard Cordray addresses a Consumer Financial Protection Bureau field hearing at the Detroit Institute of Arts.
Sarah Cwiek Michigan Radio

The  Consumer Financial Protection Bureau will start keeping close tabs on credit reporting companies, the Bureau's President announced Monday.

Richard Cordray told a field hearing in Detroit that CFPB—a relatively new federal agency created in the wake of the 2007-8 financial crisis--will start monitoring the largest credit reporting companies “just like we examine big banks” in September.

He says there’s still a lot we don’t know about the credit reporting industry, because no federal agency has had access to all the relevant information.

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Business
2:38 pm
Sun July 15, 2012

Michigan losing $242M in untaxed online sales

New books
Flickr/Sarah Sosiak

Michigan's Treasury Department says the state will lose about $242 million in tax revenue from Amazon and other online retailers.

States have trouble collecting sales taxes from sellers that don't have a physical presence within their borders. Amazon owns Grand-Haven-based audio book publisher Brilliance Audio, but Treasury spokesman Terry Stanton says Michigan considers it a separate entity.

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Business
6:33 pm
Tue July 3, 2012

Weather Channel buys Weather Underground

The Weather Underground is now a part of the Weather Channel.

The Weather Underground began in 1995 as a tiny operation of four people from the University of Michigan. It has since grown to a staff of about 50.

President Alan Steremberg says being part of the Weather Channel will give his company more resources to develop new products like apps and videos.

He says both companies will benefit from pooling their scientific resources.

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Business
12:01 pm
Mon July 2, 2012

No big spike in gasoline prices expected this week

Steve Carmody/Michigan Radio

AAA predicts 1.4 million Michiganders will travel during the Fourth of July holiday.

Most of them will be driving. GasBuddy.com says drivers should not expect to see a big spike in gasoline prices.

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Business
11:01 pm
Sun July 1, 2012

Michigan State University study finds Americans don't like to haggle online

More than a million Michiganders will be traveling during the Fourth of July holiday period. Many of them made hotel reservations online.

A Michigan State University professor says making online hotel reservations is an unsatisfactory experience for many people.

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Business
12:59 pm
Sat June 30, 2012

Improving Michigan's ports, waterways could generate jobs

MEDC

Michigan's agriculture leaders gathered in Detroit recently to talk about how the state's ports and waterways can be used more effectively.

Michigan's agriculture industry generates about $91 billion a year. But some think transportation of the state's products could be improved.

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Business
2:47 pm
Wed June 27, 2012

Benton Harbor, St. Joseph resort plan secures some funding

The Entrance to the Harbor Shores Clubhouse, part of the $575 million Harbor Shores project planned for Benton Harbor and St. Joseph
Harbor Shores Facebook.com

St. Joseph-based developer Edgewater Resources is reportedly in the process of raising $70 million for a new resort on the city's river.

The Wall Street Journal reports:

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Business
1:01 pm
Mon June 18, 2012

Michigan leaders seek business partnerships with Turkey

Turkish flag
user alexeyklyukin flickr

Michigan and Turkey share a passion for cars, spend a lot of time farming, love entertaining visitors and both have a close connection with water.

More than 50 Michigan leaders went to Turkey earlier this month for a four-day conference titled the “Turkey-Michigan Forum: University-Industry Collaboration and R&D Trends.” Attendees came from the private sector, public sector and academia.

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Business
8:39 am
Thu June 14, 2012

New campaign asks Ann Arbor visitors to stop giving money to panhandlers

beta-gibbs.pcsb.org

New posters in downtown Ann Arbor businesses will ask visitors to stop giving money to panhandlers.  The effort by the mayor's office and businesses asks people to give money to local resources for the homeless instead. 

The posters say panhandlers often use the money to buy drugs and alcohol.  This concerns some local homeless residents.  They say this isn't always the case.  

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Business
5:00 am
Mon June 11, 2012

What The Truck? Grand Rapids considers new regulations for food trucks

'What The Truck' parked near the Fulton Street Farmers' Market on Saturday. The food truck owners say the proposed regulations for food trucks in the city are too restrictive.
Lindsey Smith Michigan Radio

This week Grand Rapids officials will debate whether food trucks should be allowed in the city. People will get a chance to weigh in on the proposed rules Tuesday night. The rules would allow food trucks but limit when and where they could operate.

Right now food trucks have to part of a special event, like ArtPrize for example. But some have found a way to operate in a sort of legal grey area under the same rules that mobile ice cream trucks operate.

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