Stories indexed with the term ‘Michigan economy’

Here we go again. After spending years trying to unsuccessfully prop up two stagnant automobile companies using various tactics, corrective action by the U.S. Bankruptcy Court has now sent Gov. Granholm and her economic team scurrying off on a new and different project.

Earlier this month, the politicos did a groundbreaking for the $44 million I-94/Westnedge Avenue road widening project. Vice President Joe Biden espoused the view that “we are quite literally paving the road to recovery right here in Kalamazoo.” From one lifelong Democrat to another: Say it ain’t so, Joe! $44 million won’t do it, and this project – while offering temporary construction jobs – is just another “plug the dike” tactic as Michigan searches for political leadership that will offer a sound long-term strategy for economic growth in Michigan. [Full Story]

Here’s what Phil Power believes: “There is nothing in life that is more challenging or more of an art form than being an entrepreneur.”

The former UM regent and newspaper publisher was talking to a group of University of Michigan students on Friday afternoon, giving them some insights on his own experiences founding Hometown Communications Network as well as his newest venture in social entrepreneurism, the Ann Arbor-based Center for Michigan. His talk was part of a series hosted by MPowered, a student entrepreneur group.

Power said he’d read Friday’s Detroit News article reporting that more than half of UM’s graduates leave the state after graduation. People have told him there’s nothing here for them in Michigan, he said, “which I think is a load of bull.” [Full Story]