Lt. Governor Garlin Gilchrist II and state officials met recently with local business, workforce development and community leaders in Detroit to discuss the ways...
On Monday, Lt. Governor Garlin Gilchrist II spoke with a series of small business owners, small manufacturers and advocacy organizations in Battle Creek as...
*The August jobs report has been released and a 6-month trend of hiring above 200,000 was snapped. U.S. employers added just 142,000 jobs, the smallest gain in eight months. On the other hand, the Labor Department says the unemployment rate fell to 6.1 percent from 6.2 percent. But the rate dropped because fewer people were […]
In a bid to spark development in low-income and under-served communities, the U.S. Department of the Treasury announced on Wednesday that it will award $3.5 billion in tax credits to several organizations. The New Markets Tax Credit will be distributed among 85 organizations that will channel the credits through 28 states and Washington, D.C. The Treasury Depatment’s Community Development Financial Institutions Fund (CDFI) hopes this credit will assist in President Barack Obama’s commitment to spur economic growth across the United States. From the press release: The New Markets Tax Credit addresses one of the most significant obstacles to economic development that low-income communities face: a lack of access to patient, private investment capital,” said Treasury Assistant Secretary for Financial Institutions Cyrus Amir-Mokri. The $31 billion worth of tax credits awarded in past years have gone ...
The jobs gap is talked about a lot in the Detroit region and in Michigan. There’s currently a space between the people we have and the skills needed. What is the answer? How do we get people employed? After all, we’re at an inflection point in Detroit and Michigan. I spent two days shoulder to shoulder with employers at the Governor’s Economic Sum Read more https://www.huffingtonpost.com/2013/04/17/7-ways-to-address-michigans_n_3100098.html?utm_hp_ref=detroit ...
Participating as developers, or construction partners and bringing more than $1.2 billion in potential new investments and jobs to the city, minority-owned businesses...
